AI
Tuesday, August 13, 2019 12:04:10 PM
Shares of ROKU Inc (ROKU) likely put in a major pivot top today. After a three bar surge on the daily chart, the stock humped again today but is now putting in a possible topping tail. Topping tails are epic reversal signals, especially on charts in extreme overbought territory like ROKU. In addition, upside moves usually end on three bar surges. A pull back is likely in store to a target price of $115.00. This trade setup is pure technical analysis. This means there is finally a reason to short ROKU that has teeth. Cheers to the profits that members earn by getting trade setups like this at InTheMoneyStocks.com.
Gareth Soloway
InTheMoneyStocks
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