The main question I'm charting & doing technical analysis to DETERMINE is whether or not I think the $50-$55 range GETS TESTED...
And, if so, whether or not it holds! The ONE YEAR CHART shows a triple "bottom" UPTREND is being tested around these CURRENT LEVELS & if the $50's are breached - ROKU dips below $60.00 then one should EXPECT a TEST lower! We may likely be up against NUMBERS & filings soon enough so we should have some FUNDIES to help provide guidance.
ITM, the Actors & Writer's STRIKES could have adversely impacted ROKU,...
But if one looks at Cable & other platforms one MIGHT conclude that over the LONGER TERM the ROKU content variability should provide a COMPETETIVE ADVANTAGE that uncouples these other platforms -- & THEIR performance -- from ROKU!!
Looking on eagerly. I have traded this ticker MANY TIMES through the years MOSTLY with the INTENTION TO HOLD LONG. But once COVID hit & the stock was trading into the $400.00 range I thought it was TOO MUCH MONEY to turn down. I would have been THRILLED with that price over my lifetime holding it. COVID just ACCELERATED my profits (returns) here & is also yielding another REBUY OPPORTUNITY at 85% discount from ALL TIME HIGHS so this is a NO BRAINER as far as investing! The question is AT WHAT PRICE?
Once again: Looking to see if we test sub-$60's here soon! IF NOT, I think it is buying & accumulating time here .... soon!! If it breaks DOWN through that price point then I'll likely wait to see what transpires in the $50-$55 range.... One step at a time! Patience on ROKU atm...
$ROKU
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The LION does NOT concern himself with the opinions of the sheep!
