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ROKU, a descending triangle for breakout, LONG
Roku, Inc.
Long
ROKU, a descending triangle for breakout, LONG
By AwesomeAvani
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Sep 11, 2022
1
Sep 11, 2022
ROKU
As seen on the daily chart, ROKU is in a brief uptrend within a descending triangle. Oscillating indicators show the MACD with
the K and D lines crossing underneath the histogram and the RSI candles big and bullish with rising strength towards crossing through
the Ichimoku cloud. I see this as price action consolidating towards a breakout with 30-40% upside in the intermediate term.
Accordingly, a decent long swing setup or a call options contract. Cathie Wood seems to agree.
Descending Triangle
Oscillators
ROKU
trainglebreakout
Trend Analysis
Triangle
WOOD
AwesomeAvani
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