ROKU has made an impressive rise from about 350 in a very short space of time.
Could the medium term bulls be taking their foot off the pedal allowing short term shorts to wrest control of the market?
ROKU is a strong company and any short term drops will give long term players to load up on cheap stock.
If you are entertaining any shorts in this market then do...
Price has had multiple inside days following the dividend day decline.
Price basing with lows around 120.50 area.
Do analysts still see value in Vodafone and keen to drive price higher?
A break of the 120.50-120 area could see price rotate lower.
However, price hs shown a reluctance for any moves lower as the market participants remain indecisive.
SKLZ has been trading in a range between lows at 18.50 and 19.60. The 19.60 has been tested numerous times with price making shallower retracements lower after each test.
A move above 19.60 intraday would see price make an attempt to trade above a medium-term resistance level at 20.60.
If 20.60 holds there is potential for a push towards 21.75
Second Day Play?...
ROKU very much an inplay stock after a
5% day yesterday. Is there going to be follow
up today or will buyers take a breather.
If the former then look for shallow retracement and move higher.
If the latter anticipate a failed bid for the highs
and expect price to trade lower within a tight range
See hypos of how today's session could play out
Price broke higher from the consolidation area in play since the 4th of June. For the past week price has traded within 690 to 701 and provided good opportunities to play both sides of the market.
Open drive in Fridays early trading took price beyond the established range to make a new high of 709.30
A short pullback to test the upper range of the boundary...
Cohort has made a recovery from the pandemic loses but has established a trading range between 550 and 660 going back to June 2020.
We are coming off the top of the range and price sitting at around 600.
If the share is to continue its established pattern there is an expectation to see it trading lower to around the 550 level.
So short term bias is short with...
Following a disappointing earnings release last week, the price of VOD gapped down and traded softer for the earnings release trading session. The share picked up some buyers around the 125.00 handle and enjoyed a bounce back up to the 129.00 level in this week's trading.
price hasn't really shown any keenness to close the big earnings gap and appears to...