ROKU just beat earnings again, this company is growing at a rapid pace. ROKU has a hidden bullish divergence forming ins the daily from jan 4 - feb 23, another thing ROKU has a gap fill at the 425.52 - 433.33 levels, The Stochastic on the 4hr looks ready to cross which personally ill be using as an entry indicator, amongst other signals ofc . Still waiting for price to find support on the daily, with the current selling pressure in the candle im not certain that ROKU has found support, I much rather see a bounce of that 50 EMA or at that 395.22 price. On the DAILY the RSI & Stochastics are bearish however they are creeping into those oversold territories My profit target is 486, which is currently ATHs. but I believe ROKU will soar past this. let me know what y'all think of this analysis please!!!!! be honest !!!
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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.