ROKU - chopping in symmetrical triangle
ROKU is currently chopping in a symmetrical triangle formation. Not fond of swinging stuff like this because the market is currently in a phase of uncertainty. For those interested in a swing I like an entry near support at $126.71, current resistance is $139.43.
We have a potential H&S on the daily, lower volume on the right shoulder. Though based on the 2 left and 2 right shoulders it shouldn't result in a violent break if the neckline does fail to hold.
I'll post some scalping levels in another post for day traders.
We have a potential H&S on the daily, lower volume on the right shoulder. Though based on the 2 left and 2 right shoulders it shouldn't result in a violent break if the neckline does fail to hold.
I'll post some scalping levels in another post for day traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.