Nov. 14 at 3:40 AM
$ROKU is currently trading at
$100.01, showing a moderate RSI of 56.05, indicating potential for upward momentum but not yet overbought. The stock is above its 30-day moving average (MA30) of
$100.27 and significantly above its 50-day moving average (MA50) of
$99.56, suggesting a bullish trend. The recent high of
$116.66 and low of
$87.51 over the past 60 days indicates a wide trading range, providing room for price movement.
Directional bias leans bullish given the position relative to MAs and the RSI trend. Suggested entry point is at
$101.00, slightly above the last close, to confirm upward momentum. Set a stop loss at
$95.00 to manage risk. Target 1 is
$110.00, aligning with previous resistance levels, and Target 2 is
$115.00, close to the recent high.
Monitor price action closely for any signs of reversal or increased volatility.
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