Roku looks like it has developed a Head and shoulders pattern and is currently trading on its support trend line. I expect a pop back to the neckline and then a confirmation down which should bring Roku to roughly ~$145 which has a ton of volume. This should create consolidation that once lost, will move ROKU to $130. Long side, we should see a break above the neckline and head to $165
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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.