ROKU - Bounce Play 2Having scoured many charts ROKU is my number 2 choice for a swing long in tandem with probable upcoming NDX bounce.
I'm staggering my entries so I have not entered this yet as this chart is a bit more choppy that PYPL and I'd like to see NDX make a little progress first.
ROKU however has had an even more impressive 85% crash compared to PYPL 77%.
It has recently tagged an important support area highlighted that printed a strong shakeout reversal pattern in the 2020 crash.
2W RSI showing hidden divergence on the lower band.
There isn't too much structure in this chart, it is essentially trend up, top, trend down and for that reason I would suggest a bounce to hit resistance in the top area @ $272 which is within the retracement shakeout area of 0.618 - 0.75.
ROKU is potentially better RR than PYPL, but it isn't as clean of a chart so I will see a bit more before entering.
Not advice.
