ROKU
Updated
Market makers are taking this one down from 135+ levels and accumulating in the range box. Once they are stocked up at levels under $114 we should plan to test a breakout of $114 before taking this one higher. Dragon fly doji at the $100 level with above avg vol is confirmation that we are still in the Market Makers accumulation phase for ROKU. Once everyone has had their fill buying at whole sale levels, should expect to see this move higher to retail levels on positive news so the selling can ensue
Comment
a little test yesterday on low vol to see how mkt would respond, shows people have stopped selling and signals that move to upside is ready. today nice breakout move through the accumulation zone. price action vol technicals at work
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.