I was stopped out of ROKU last week after it could not find a base. Price looking like it would like to bounce again. My bias is long but one could play it long or short on a break from the tan box. To the upside the targets would be last weeks high and then fibs if it continues. To the downside the green box would be the target zone. The tan box could be used as risk depending on size used.
Note
Gapping up this morning. Look for break of premarket high with targets of last weeks high then 375/397. Must trails stop on any aggressive move up as sellers can come in fast on this one and wipe out the move quickly.Note
Beautiful break. Took profit 365. Trailing stops.Note
I'm out. Not holding much short term into tomorrow's fed meeting.
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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.