On Friday, I gave a very clear buy level, I hope some of you entered near $126.71. Today we're in a different situation, we've moved up around $8 since the buy level and we're sitting just below the volume profile's point of control so the risk is now elevated.
Based on chart history I think we'll pull back at the open, we'll have to see if the ROKU bulls have heart today.
resistance
Watching $134.80 followed by 136.81, 138.89 and $141.05 if we're very bullish. I'd be surprised if we make it beyond that level in todays session.
support
If we pull back at open, which I suspect we will. I'm watching $132.30, $131.25, 129.65 for scalp entries. If we turn super bearish, we may have another opportunity for a swing entry near $126.71. Though the risk will be elevated from yesterday.
Based on chart history I think we'll pull back at the open, we'll have to see if the ROKU bulls have heart today.
resistance
Watching $134.80 followed by 136.81, 138.89 and $141.05 if we're very bullish. I'd be surprised if we make it beyond that level in todays session.
support
If we pull back at open, which I suspect we will. I'm watching $132.30, $131.25, 129.65 for scalp entries. If we turn super bearish, we may have another opportunity for a swing entry near $126.71. Though the risk will be elevated from yesterday.
Comment:
Didn't see a pullback out of the gate like I suspected, but my 136.81 level did come into play nicely. Watching for ROKU to find support at $132.30 or $131.25 level.
