ROKU SHort Term Short?
ROKU has made an impressive rise from about 350 in a very short space of time.
Could the medium term bulls be taking their foot off the pedal allowing short term shorts to wrest control of the market?
ROKU is a strong company and any short term drops will give long term players to load up on cheap stock.
If you are entertaining any shorts in this market then do so at the risk of getting runover.
For the day trader playing the long and short sides of the market presents great opportunities.
A second day of lower prices is a possibility given the 5% down move from yesterdays trading.
Could the medium term bulls be taking their foot off the pedal allowing short term shorts to wrest control of the market?
ROKU is a strong company and any short term drops will give long term players to load up on cheap stock.
If you are entertaining any shorts in this market then do so at the risk of getting runover.
For the day trader playing the long and short sides of the market presents great opportunities.
A second day of lower prices is a possibility given the 5% down move from yesterdays trading.
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.