$ROKU potentially found Bottom with Volume at the 0.618 Fib

9 dic 2021

After a major Bear Run that started with a double top at 490ish... It appears that ROKU found bottom with volume around $197 region which equates perfectly to a 0.618 Fib Retracement Pullback. Risk and reward should be high and adding to ROKU on any down days post bottom should be beneficial for investors. ROKU has an attractive valuation at around 10 PS ratio based on 2022 Revenue Sales with approximate guaranteed growth of revenue around 30% or more. Additionally native content from ROKU has proved popular with the most popular movie/video in the world right now.