ROKU achieved all goals of current uptrend . Now at 52 with target remain at 58 but may be extend up to 66-72 as top peak then start falling to the latest gap between 34-37.. the perfect chance is to get short positions when reached 58 or 66 .
note the earning of current Q is on 21st Feb .
expected to have strong growth but less or lower profit as company started shifting hardware business into other services business such as subscription and other online services.
still ROKU have good future by expanding its business or by chance to be in form of acquisition with big firm but for now technically it reached overbought status on all levels
we can see indicators such as RSI MFI and even stochastic are overbought and exhausted . its time to get back and confirm support on area above 38 .
other trading scenario if earning beats estimation by big percentage then can take long positions targeting area between 66-72 but should be expired before mid of this year. (not recommended)
i still prefer to get the right moment to short positions from the top or near by the peak top which shall be formed during next week ... good luck
note the earning of current Q is on 21st Feb .
expected to have strong growth but less or lower profit as company started shifting hardware business into other services business such as subscription and other online services.
still ROKU have good future by expanding its business or by chance to be in form of acquisition with big firm but for now technically it reached overbought status on all levels
we can see indicators such as RSI MFI and even stochastic are overbought and exhausted . its time to get back and confirm support on area above 38 .
other trading scenario if earning beats estimation by big percentage then can take long positions targeting area between 66-72 but should be expired before mid of this year. (not recommended)
i still prefer to get the right moment to short positions from the top or near by the peak top which shall be formed during next week ... good luck
Note
updated on 24 FebNote
wow . now you can short with confidence .. perfect opportunity if open tomorrow lower than todays low.. 
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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.