Based on my technical analysis, I see ROKU hitting a minimum of $340 a share by the 11th. This price target could be reached much sooner.
MACD shows growing bullish divergence while D+ also supports the increase based on low RSI & Green shadow indicating bull strength.
Low RSI on the 1 hour chart shows that the stock is extremely under bought which signals investors to buy in.
The red Kurotoga cloud above the candles represents resistance, Rokus highest level of resistance is exactly $340 and I believe it will break out based on the factors stated above.
On top of that, the Guth 3x confirm signal at the top shows a solid green bar which represents a buy based on their algorithm.
As an experienced technical analyst I have noticed the Guth 3x confirm to be increasingly accurate on higher time frames such as the 1 hour.
Comment your thoughts on ROKU and follow to see this prediction be 100% accurate ( or inaccurate )
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