ROKU may try to retest the 2.618 fib retracement, but overall I am short this stock. As this company has one of the highest P/E ratios in the tech sector, that is a main reason to be short especially during a rising interest rate environment. I am short to $141 which would bring this stock to the 3.618 fib retracement level.
Not financial advice
Not financial advice
Note
Seeing short term target of $157.
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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.