TBI's Quickfire Analysis [1]: Roku (NASDAQ: ROKU)
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.
$Roku Inc(ROKU)$ $Twilio(TWLO)$ $UiPath(PATH)$ $Tesla Motors(TSLA)$ $ARK Innovation ETF(ARKK)$
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- funzee·12-02Excited for this new seriesLikeReport