MOMO stocks on Supports . ROKU 50sma bounce play

Roku has been a market leader for all of 2018. after a bit multi day pullback here we are testing the 50sma for the first time in a couple months. This has been a key bounce spot on this name.

The QQQ and IWM are oversold now we could very well bounce into the close. I am long a few of these for a daytrade. Will turn to swing trade if it can close green and market can ramp up here this could be a nice multi day entry. The close is key!

Concerns for the trade are the QQQ conditions. the tape is weak and TTVIX is elevated intraday if TTVIX can stay under vwap that will give us the push we need to ramp.