ROKU is trading at the bottom of a long term upward price channel with low volume after a strong earnings report this past month.
I'm selling some QQQ to add to my ROKU position.
- RSI is very oversold at around 26.4.
- MACD is positioned for a reversal.
- My bubble risk indicator is showing a low-risk entry point. This is basically a measure of the price distance from the 50 week EMA.
I'm selling some QQQ to add to my ROKU position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.