I'm LONG 
ROKU at this level, even though there's a chance (maybe even a high one) that the stock could drop down to the $140 level, I know, beyond a doubt that it will bounce back up. If the stock doesn't drop from this level of support, then I expect a big move north, to $155-157, and possibly higher.
Swing traders in LONG should hold as it's not a loss until you go flat. Short positions, be cautious because your ultimate payout levels are low 140 and in the best-case scenario, you could get down to $130 (however, this would be very suprising if that was the case).
ROKU at this level, even though there's a chance (maybe even a high one) that the stock could drop down to the $140 level, I know, beyond a doubt that it will bounce back up. If the stock doesn't drop from this level of support, then I expect a big move north, to $155-157, and possibly higher.Swing traders in LONG should hold as it's not a loss until you go flat. Short positions, be cautious because your ultimate payout levels are low 140 and in the best-case scenario, you could get down to $130 (however, this would be very suprising if that was the case).
Note
Pre-market hitting my ascending trendline @148.48. We'll see what happens but with the recent SP target raise by Berenberg, I suspect we get a green day for $ROKU.Note
ROKU intraday trade from $147.50 to $152.00 successful. We're closing up in the middle of the range; waiting until tomorrow to see where to get short or long. Trendlines in the chart below reflect possible entry. I'll tweet my expected order asap.Note
Next level of support here around $146 for ROKU from the ascending trendline. Then solid price-level support at $144 below it. GREAT PLACE TO GO LONG WITH LIMITED RISK REWARD.Note
Stock is continuing the congestion area between $144-151. Play the stage until something gives - I'm not holding short positions overnight - but if it drops to 144-146, I'm buying. BUY THE DIPS, SELL THE STRENGHT!
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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.