TBI's Quickfire Analysis [1]: Roku (NASDAQ: ROKU)

TBI
12-02

Hi everyone. I’ll be starting a series of articles exclusive to the Tiger Brokers Community Platform, where I’ll perform a quickfire analysis of stocks on Monday, Wednesday and Friday (1 stock a day). This series accompanies my longer stock deep dives, which will be released once a week. Without further ado, let’s get started:

Roku (NASDAQ: ROKU)

ROKU’s daily Stochastic just formed a bullish crossover after Friday’s close. While upside is bound by the red resistance trendline, a break above this short-term trendline will see a retest of 78.61. I see short-term upside in this name that can be actioned upon using either shares, calls or a combination of both instruments. A break and hold above 78.61 will see a gap fill towards 91.07. I’ve been waiting for this move for the longest time, and I think it’s not very far away. The downside risk on ROKU is a loss of 62.15, which was previously strong resistance.

$Roku Inc(ROKU)$ $Twilio(TWLO)$ $UiPath(PATH)$ $Tesla Motors(TSLA)$ $ARK Innovation ETF(ARKK)$

@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • funzee
    12-02
    funzee
    Excited for this new series
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