ROKU LOOKING BEARISH LONG TERM TREND NOW ACTING AS RESISTANCE
ROKU has broke below the long term uptrend and is now rejecting this level.
Looking pretty bearish:
50 MA has been acting as resistance
MACD bearish cross on the daily
Lower highs since end of November
First target is 120
Second potential target is 112 area
Buy Back Area is 100 psychological region and major support
Earnings report is coming on Feb 13th keep an eye out for this .
Looking pretty bearish:
50 MA has been acting as resistance
MACD bearish cross on the daily
Lower highs since end of November
First target is 120
Second potential target is 112 area
Buy Back Area is 100 psychological region and major support
Earnings report is coming on Feb 13th keep an eye out for this .
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