ROKU just filled the gap below created on the 7th of august due to an earnings report. Looks like a good price to buy for a long term investment. There is also good volume lately witch helps price go up as there is more interest in the stock.
A good stop loss would be a confirmation break of the 200 daily moving average. Then it could go down to the next big level of support which is the red trend line that I have drawn on my chart.
As this is an investment type trade, I don't have a take profit target. Anything could happen...
I wanted to include a YouTuber that specifically uses the gap strategy in his trading and has perfected it for months now. Here is the video on the trade and how he explains it in more detail: youtu.be/qZbcSuxXWzQ
A good stop loss would be a confirmation break of the 200 daily moving average. Then it could go down to the next big level of support which is the red trend line that I have drawn on my chart.
As this is an investment type trade, I don't have a take profit target. Anything could happen...
I wanted to include a YouTuber that specifically uses the gap strategy in his trading and has perfected it for months now. Here is the video on the trade and how he explains it in more detail: youtu.be/qZbcSuxXWzQ
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