$ROKU Looks to have a "Shakeout Plus 3" or Double Bottom Set-up here. I've done the calculations for an entry according to shake-out plus 3 rules. However, I also like to see it clear a resistance area which I think makes for a better trade. This will be on my top watch list for next week. Ideas, not investing / trading advice.
A word of caution, this chart pattern could also be drawn as a Bear Flag pattern. One of the reasons I want to get over that resistance area.
A word of caution, this chart pattern could also be drawn as a Bear Flag pattern. One of the reasons I want to get over that resistance area.
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5/24 Opened starter position in the AM at $339.56 - Stop under today's low.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.