Roku possible Long into earnings $roku

11 Feb 2020

Quite a complicated chart , apologies.
The stock had fallen out form somewhat of a symmetrical triangle and has attempted to regain as support for several sessions.
There is also a descending parallel channel in play,
As earnings approach it is very difficult to gauge sentiment in the stock as it has such a high short interest, and negative commentary is never in short supply. It has somewhat become a bit of a cult stock and on this occasion I may very well long it into earnings.
For less rick options may be the best way to play it , with limiting your risk to the premium alone.