Roku, Inc.
Short

ROKU Short to 240?

256
Bounced hard twice off off the trendline support but got rejected hard by weekly supply... had another short term bounce but couldn't hold over 315 for long

I think we see ROKU finally break this trendline within the next week or two.

I will be looking for a confirmed break of 283 support to start my short positions.

I have a monthly PT of 239.15 which is daily demand (I expect a big bounce in this zone)

I would consider taking 5/30 270p or 6/18 250p just to give the play time if it breaks the support levels!

Happy trading!

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