$ROKU Nears a Decision Point for Long Term Pattern
ROKUROKU is sitting in a definable bullish setup. In other words, risk is defined by the bearish descending triangle formed over recent weeks. The level in play is clear, positioned at about 127.50. Bulls don't want to see this level broken to the downside on a weekly closing basis. Otherwise, the bias should be for new all-time highs in this roaring broad 1990's style stock market mania. That's a 4:1 reward to risk ratio for new money flows on the breakout bull bet.
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