ROKU has recently broke the downward trendline. Price is now retesting the break point and should find support in and above the green box. Price is also pulling back to the 9/21 ema cloud which may provide additional support. Targets would be the dotted black lines. Trade is dead below green box.
Note
Getting a nice move out of the green box. First target 354.Note
T1 hit. Stops tight going into FOMC.Note
Good example of why one needs to trail stops into FOMC meeting ect. The market gets on edge and dumps shares quickly.. May look to reenter if price can base in the green box and recover post rate decision.
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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.