Roku, Inc.Long
ROKU LONG
Falling Wedge + Symmetrical Triangle + Dynamic Demand Zone + Divergence + Momentum
ROKU is showing loss of Bearish momentum as we get closer to the Demand Zone. Long Wick Rejection on the Hourly Chart today after reaching it. RSI Support Level Holding with Bullish Divergence. MACD Gaining Bullish Momentum. SMI Making Higher Low. I'm expecting a few more long wick rejections of the Demand Zone (Indicating Reversal at a strong Dynamic Support Level early next week) before we have a Breakout to the upside out of the Falling Wedge.
ROKU is showing loss of Bearish momentum as we get closer to the Demand Zone. Long Wick Rejection on the Hourly Chart today after reaching it. RSI Support Level Holding with Bullish Divergence. MACD Gaining Bullish Momentum. SMI Making Higher Low. I'm expecting a few more long wick rejections of the Demand Zone (Indicating Reversal at a strong Dynamic Support Level early next week) before we have a Breakout to the upside out of the Falling Wedge.
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