This is usually what happens when certain buy side media outlets (cnbc) get euphorically drunk on a stock, it goes down!
Market makers and hedge funds love these moments of stupid exuberance, it creates a nice vacuum to sell at the (temporary) highs to weak hands as they know those same weak hands will undoubtably capitulate on (shakeouts) drops. What's better than taking shares from weak hands at a low?
Technically this is setting up for a drop to the rising support line. I'll be averaging in buys at that point. If it drops out of the channel, look for a the next support at $119, which is the 38.2% fib level.
Market makers and hedge funds love these moments of stupid exuberance, it creates a nice vacuum to sell at the (temporary) highs to weak hands as they know those same weak hands will undoubtably capitulate on (shakeouts) drops. What's better than taking shares from weak hands at a low?
Technically this is setting up for a drop to the rising support line. I'll be averaging in buys at that point. If it drops out of the channel, look for a the next support at $119, which is the 38.2% fib level.
노트
See the reactive vibration the channels trendline gave off? If it holds it can be ATHs, but if it fails then 119.00 is the expected next level down. I avaraged in some 137.20 buys here, with put protection. Willing to buy more if hits 119 as well. Roku will be THE go-to pipe for streaming.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.