ROKU has held up pretty well considering all the news of stock sell offs. A lot of people want to scare people off this stock so they can get in at a buying opportunity.
It's been in the middle of the longer term main channel (dark blue lines,) and it's at the bottom of this shorter term channel (light blue.) Having a hard time breaking past 165.
Everyone knows this will hit the upper end of the long term - it's just a matter of when. If we see upward momentum again tomorrow, it could break 165 and we'll be seeing 180-190.
If not, we could be seeing 140 again before rebounding. Disclosure: I got in this last time around 140, so I'm hoping for it to rebound rather than drop. But if it looks bad, I'll sell and wait for a new bottom around 140 again.
Good luck!
It's been in the middle of the longer term main channel (dark blue lines,) and it's at the bottom of this shorter term channel (light blue.) Having a hard time breaking past 165.
Everyone knows this will hit the upper end of the long term - it's just a matter of when. If we see upward momentum again tomorrow, it could break 165 and we'll be seeing 180-190.
If not, we could be seeing 140 again before rebounding. Disclosure: I got in this last time around 140, so I'm hoping for it to rebound rather than drop. But if it looks bad, I'll sell and wait for a new bottom around 140 again.
Good luck!
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Funny - it hit exactly where my red arrow showed on 12/2 @ $140. Glad I got out.