Roku, Inc.Long
$ROKU Bullish Hammer - Unusual Call Activity
ROKU has held within a tight bullish channel since last earnings release in August. We tagged the lower trend line earlier today and have formed into a bullish hammer candlestick. Expecting a bounce in the near term - targeting $84 by mid to late October. Adding to the bullish sentiment, we saw 12k+ $60 strike (deep ITM) Jan'19 calls traded today for about 20M in premium, a high delta bullish bet with another earnings release due out next month.
Note: Informational analysis, not investment advice.
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