ROKU dumped 20% in the last five trading days, all with a lower close than the day prior. Bears are in a great position especially with the help of the overall market weaknesss. A HUGE support ($116.26) is coming possibly on Monday, but definitely this upcoming week.
Break that level and short is going to run with it. If we down to the extremes with 4 hour RSI under 20, I will potentially start scouting for an oversold bounce. I will be extremely picky because of the general market weakness and will monitor the correlation closely.
Change the hourly trend with a higher low, and a high high; as well as break the pattern of the lower high every day pattern and that will be the first indication that a bounce will be playing out.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.