ROKU uptrend weekly overview
The American company Roku Inc. is a brand of hardware digital media players
and provide access to streaming media content from various online services. The first Roku model, co-developed with Netflix, was introduced in May 2008.
In the big picture an uptrend.
Where we find double tops at the top that form a bearish reversal M formation and have now played out.
The price is near the golden pocket of the fibonacci series and I encounter a positive divergence on the rsi, a formula to go up again.
However, from ATH the bears are well represented, also bear in mind a decline towards $84 isnt that crazy.
1D
2H
Keep calm, trade safe and manage your risk.
(Disclaimer: this is no financial advise)
and provide access to streaming media content from various online services. The first Roku model, co-developed with Netflix, was introduced in May 2008.
In the big picture an uptrend.
Where we find double tops at the top that form a bearish reversal M formation and have now played out.
The price is near the golden pocket of the fibonacci series and I encounter a positive divergence on the rsi, a formula to go up again.
However, from ATH the bears are well represented, also bear in mind a decline towards $84 isnt that crazy.
1D
2H
Keep calm, trade safe and manage your risk.
(Disclaimer: this is no financial advise)
Tims.Technische.Analyse by TIMTIBBO
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