Shredtrades
ROKU Higher from hereROKU - Guys I know i have previously looked at ROKU Bearish, and previously, My bearish analysis was almost perfect, HOWEVER, I am looking at this Bullish now LONGTERM, 2 reasons... Netflix doesn't have ad revenue, Roku does, and I am simply looking at this as an opportunity for a potential future buy-out to increase market share. Reasons I think of Netflix in this case, is because the CEO of ROKU was previously the Vice President of Netflix. So the two companies already have a very strong relationship. This would be a longer term play also as it is bouncing off the 100SMA on the Daily
EROSEROS looking for a nice bounce here! Alert set up! If it closes below Stop before triggered to buy, cancel Entry.
ROKU going lower ROKU will behave very much like SNAP and continue lower. If you only have a few products and one-and-all basically do the same thing, the growth of this company is very limited. The true value of this product is anywhere between $6-8. I will be buying put Options on this bad boy! This double top, and lower high is a great signal to fall lower and weakening in price.