ROKU - Near Term Short
ROKU failed to hold above the 10 or 20 EMA on Friday and appears primed for more downward action. Possibly returning to previous trend around the 118.70 mark as there has been some interesting price action there in the past. This would represent a 17.72% drop from Friday's close - to much despair. However a presumed rapid move to this level would create oversold conditions on the RSI setting up an impressive long opportunity.
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