Shown in the chart, there is a long-time ascending channel that 
ROKU is now set to either retrace a bit or breakthrough. Being overbought on RSI and StochFULL, the technicals show a higher chance of a drop then a breakthrough. Plus you add the volatility with the elections and risks of market-pullback, equates to a higher than normal risk-reward to go long here.
My advice, if you're not long already, don't chase it at this price. Wait for a pullback.
ROKU is now set to either retrace a bit or breakthrough. Being overbought on RSI and StochFULL, the technicals show a higher chance of a drop then a breakthrough. Plus you add the volatility with the elections and risks of market-pullback, equates to a higher than normal risk-reward to go long here. My advice, if you're not long already, don't chase it at this price. Wait for a pullback.
Note
The fundamentals of the overall market volatility and fear caused by the recent news of Trump and his wife contracting the virus make the analysis that much more plausible.
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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.