ROKU fell 22% here is my complete trading plan
Roku & Netflix were victims of a return-to-work scenario. It will take a lot of work to recover from a 22% plunge. There will be a lot of volatile buying & selling in the red eclipse due to FOMO & FEAR. Monitor for a reversal pattern in the red zone specially when it goes above & holds the dma 20, then makes HLHH. After that SELL the rips as long as it is still below dma200. Stocks take the elevator down & the escalator up.
Fibonacci & RSI tells us that it will have a dead cat bounce to 145 before a continuation down to the psychological 100 level. Falling below 100 will signal very bad things to come.
Not trading advice.
Fibonacci & RSI tells us that it will have a dead cat bounce to 145 before a continuation down to the psychological 100 level. Falling below 100 will signal very bad things to come.
Not trading advice.
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