ROKU bounced again and it had strong bullish volume today.
- Strong earnings (it's just now recovering after dropping on good ER)
- Needs to break above 50MA and 200MA
Also, it WAS forming a "cup and handle"pattern but it retraced back more than half of the cup. Not the ideal C&H pattern.
Still worth the trade if tomorrow and Friday can hold the $351.50 level.
- Strong earnings (it's just now recovering after dropping on good ER)
- Needs to break above 50MA and 200MA
Also, it WAS forming a "cup and handle"pattern but it retraced back more than half of the cup. Not the ideal C&H pattern.
Still worth the trade if tomorrow and Friday can hold the $351.50 level.