dorfmanmaster

Roku's Fibonacci drop analysis

NASDAQ:ROKU   Roku, Inc.
Technical analysis
  • OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%.

  • Fibonacci retracement has its 61.8% line at $102.

  • We are at a SMA(100) support.

  • Market moving out of growth, into value.


Moving market news
  • Pivotal research downgrades to $60 (SELL).

    Comcast (CMCSA) is gifting its streaming box, it was selling it before at $5.


Note
* Keeping a tight stop limit, there is a great risk reward ratio.
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