ROKU has been undergoing a complex accumulation phase for the last 3 months. This chart shows the boundaries that have formed, and it can be broken down further into 5 zones of alternating 3-point moves (e.g. relative low, relative high, relative low).
Volume has decreased, volatility has decreased indicating accumulation. Also the DMI is characteristic of accumulation. This gap down on earnings will be the spring, it will get bought up fast.
Next to come will be the sign of strength, then backup/retest, and finally markup.
The green path is illustrative but the expectation is that it will be trading in the 90-110 range by end of August. Markup will take it to 130-180 by end of year and that will begin the next bullish cycle toward new all time highs in the years to come.
Volume has decreased, volatility has decreased indicating accumulation. Also the DMI is characteristic of accumulation. This gap down on earnings will be the spring, it will get bought up fast.
Next to come will be the sign of strength, then backup/retest, and finally markup.
The green path is illustrative but the expectation is that it will be trading in the 90-110 range by end of August. Markup will take it to 130-180 by end of year and that will begin the next bullish cycle toward new all time highs in the years to come.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
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.