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ROKU's Recent Downgrade: $125 Short

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First off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let us get into a few points. I use Roku, I even streamed a show on Roku. Roku has a good product in terms of meeting an unfilled demand in its market segmentation. Nobody is debating that. Roku has a really nice growth correlation and story. That being said, it is about to meet its resistance curve again. Analyst are downgrading it, and it seems like a $125 short target is the safest play, although some people may set a sell at $133, and there is a chance that it would meet that threshold soon but with more risk. Roku is overall a stable growth stock, and one that looks like it can do a nice long hold. However, you don't want to hold it before a downward spiral, which is why I suggest it is better shortening it now and maybe reinvesting in it later to mitigate risk.
gamer456148
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Beyond Technical AnalysisChart patternschartpatterntradingchartsTechnical IndicatorsROKUrokushortstockpicksstocksignalsstocktradingTrend Analysis

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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Beyond Technical AnalysisChart patternschartpatterntradingchartsTechnical IndicatorsROKUrokushortstockpicksstocksignalsstocktradingTrend Analysis
gamer456148
Follow me on Tradingview :)
Also ->
Reach out: linkedin.com/in/gamer456148
For Consulting: aiquant.co
HedgePocket Beta: hedgepocket.com
Sovereign Trades Beta Signup: sovereign-trades.com
Aussi sur:

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.