Roku, Inc.
已更新

ROKU is pulled back for re-entry

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ROKU has been downtrending in a retracement of the uptrend from late May to mid June.

On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value

zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers

prefer to buy in either the under valued zone or the lower portions of the fair value zone and

then in turn sell high in that zone or above it in the over valued zone. The RSI indicator shows

RSI to have descended into the oversold zone where RSI is about 20. On the volume profile

price has descended into the high volume area where increased trading volume will support

price and likely push a reversal.

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