Expect to see ROKU pare some of its gains or trade sideways over the next few months. Solid long-term company, but there's no upside at this point. Re-establish a position in a few months.
Next support level is at $13.15. If that support fails, look for a long-term price around $8.50 ($8-$9).
RSI is currently oversold, which may lend to a bounce off of the 13.15 support.
If we see a break-out above the $80 resistance point, I expect to see a price target of $200. If the resistance line holds, look for a buying opportunity between $35-$40.
Long-Term channel shows a high probability of an exponential return over the next few months.
Stock is extremely oversold via indicators.
Looking for a break-out from the current downward trend with a closing above $15.00
If the downward trend continues, entry is ~$13.00 based on long-term trend analysis.
This is an addition to our dividend portfolio and intends to be a multiyear holding.
Currently moving in an upward movement within a channel. Upper edge of the trend is around $350, which matches a psychological level as well. A break from the minor channel signals a potential consolidation.
