ROKU is putting in lower highs in this chop. But we're nearing a swing setup as we draw closer to $126.71.
resistance
We'll clean these lines up a bit over the weekend. The first level up that I care about is 136.81, followed by 139.43 area. I think, if we open bullish but don't have news, we'll struggle with $141.05 if we can even get to that level today.
support
I always watch pre-market low, which for ROKU its $132.30 area, if we lose that I'm watching 131.25 and 129.65. If we are very bearish today I'm watching that $126.71 area for a bounce.
If we get as far down as $126.71 area within the next few days, I'll be long for a swing.
resistance
We'll clean these lines up a bit over the weekend. The first level up that I care about is 136.81, followed by 139.43 area. I think, if we open bullish but don't have news, we'll struggle with $141.05 if we can even get to that level today.
support
I always watch pre-market low, which for ROKU its $132.30 area, if we lose that I'm watching 131.25 and 129.65. If we are very bearish today I'm watching that $126.71 area for a bounce.
If we get as far down as $126.71 area within the next few days, I'll be long for a swing.
Comment:
Currently forming a symmetrical triangle intraday. Could leg down to the 126.71 level
Comment:
really holding that 129.65 level, based on current price action, I do believe we can get in lower for a swing. I wouldn't be against starting a small position near end of day, thought I like the $126.71 level better.
Comment:
Nice bounce at the key level.
