ROKU is trading at the bottom of a long term upward price channel with low volume after a strong earnings report this past month.
I'm selling some QQQ to add to my ROKU position.
- RSI is very oversold at around 26.4.
- MACD is positioned for a reversal.
- My bubble risk indicator is showing a low-risk entry point. This is basically a measure of the price distance from the 50 week EMA.
I'm selling some QQQ to add to my ROKU position.