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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