ROKU Trade Idea for Monday, February 3, 2020

[frontrangeflyer 11]

I have a game plan mapped out for ROKU (watch here)...

Market aside (which I will be watching), I believe the gap down is overdone and there's reasonable probability of a "snap back" of 33-67% from the long term support level of 120.35ish.

I do see the daily 200MA down below at 118.60 and am prepared for it to go lower, but it's not surprising to see that it stopped on a dime at the long term support.

BTW, Fox and ROKU have kissed and made up (at least temporarily).

The Super Bowl will be available for all ROKU customers. Poke holes in my thesis as we're all here to learn (and I have thick skin).

Buck

 

[PilotFish 23]

Market knowledge from decades ago still rings true today--some things never change(SnapBack)!  I'd poke holes in your analysis if I knew what the hell I was talking about. Good stuff. As a new trader, I am observing how much the market has power over  individual stocks. Analysis could be on the money and then the market just takes it wherever it wants to go.

[frontrangeflyer 11]

Thanks, @PilotFish. Just a thesis with some probability I've attached to it. Price pays!