I have taken a 1/2 size position here on $ROKU. It had a nice big earnings gap and has since pulled back. It looks to me that it is now ready to reverse higher. See notes on chart.
I have taken the fact that it broke (just barely) the Downtrend Line and put in what looks to be a reversal candle. My stop will be just below yesterday's low.
This is my idea. If you like it, please make sure it fits within your trading rules. While I consider this a low risk trade, you may not. Thanks for looking. Comments always welcome.
I have taken the fact that it broke (just barely) the Downtrend Line and put in what looks to be a reversal candle. My stop will be just below yesterday's low.
This is my idea. If you like it, please make sure it fits within your trading rules. While I consider this a low risk trade, you may not. Thanks for looking. Comments always welcome.
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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.