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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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From: ajtj994/30/2020 11:00:22 AM
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ROKU is always interesting. It is hanging just below the 200-day SMA, and above the 13-EMA. It has broken rising support, but has not dropped, which is typically bullish.

The current bullish flag on the daily targets around $143. If it does break to the norm (up), I suspect it will be a spike up that will reverse quickly back down.

ROKU reports earnings on May 7, and the last time it looked like this back in early November 2019, it dumped about $25 on earnings. If it does the same, the $101.50 area of the 50-day SMA may be in play:

schrts.co
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