ROKU - on the recovery

ROKU had a bullish divergence on the weekly 2 weeks ago with a bullish pin bar weekly candle.

Since then the daily has been steadily trending with large daily up candles followed by a few days of tight consolidation and then another large daily up candle (higher highs and higher lows).

I initiated a long today with a tight initial stop loss a couple of $ below today's candle low @ 320.80. Looking to scale out on the way up with trailing stops. Price targets given are just suggestions for short term traders as the stock might consolidate along these levels.

p/s watch out for earnings on 10th November. Take profit prior if uncomfortable to hold through earnings.

Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade