Traaaderz

Trendline break and retest. Downtrend continues

Short
NASDAQ:ROKU   Roku, Inc.
ROKU dropped below the 2019 trendline last Friday. It then bounced back to the trendline even crossing it and touching the 200 hr MA before dropping below the trendline a second time. In addition to reversing off the channel resistance line on the 22nd, it sits under both the Ichimoku Cloud and the 50 day MA, which indicates that it is still currently in a downtrend. Short to the bottom of the channel.
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