Roku, Inc.
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ROKU short idea

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ROKU potential short play

Nasdaq listed stock Roku shares dipped 1.8% in pre-market after Truist downgraded the company to a hold from a buy rating, saying that the streaming stock is hypersensitive to a tough macro environment given that a large chunk of revenues are tied to advertising.

Do people even use ROKU, we think it the offering is pretty lacklustre to be honest, a short for us.

Price action subject to a breakout from this flag pattern after running into resistance in the early $50 territory.


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