Roku, Inc.Long
ROKU Bounce
Overall, markets seem bullish, and I expect some rotation into beaten-up stocks like Roku. The chart is set up to bounce off this rising trendline.
RSI is oversold. Anytime it has gotten this low, we have seen major reversals of this trendline.
Entry will be if we break above the last trading session's highs.
If the price holds below the trendline, I'll know I'm wrong and exit my position.
The average PT from the analysis is 80+, another reason for my bullish thesis.
RSI is oversold. Anytime it has gotten this low, we have seen major reversals of this trendline.
Entry will be if we break above the last trading session's highs.
If the price holds below the trendline, I'll know I'm wrong and exit my position.
The average PT from the analysis is 80+, another reason for my bullish thesis.
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