gumoca

ROKU could find support around $260

Short
NASDAQ:ROKU   Roku, Inc.
I think $ROKU could find support around $260, but would not rule out a long term target of $100 if things get ugly. So far printed almost a perfect text book gravestone doji if it wasn't for the afternoon bounce but still I'm not convinced that a sustainable bounce is coming. MACD on the 4D and 3D chart looks divergent still and that gap is pretty telling. I see Gaps as bookmarks that the algos leave to revisit later, but does not mean all gaps end up filling it is just that this one is pretty close of the price/vol action. Playing 2-3 weeks ahead 270 puts not bad risk/reward imo. Let's find out tomorrow and next week.

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