$ROKU Downtrend Breakout Retest

27 Eyl 2021

ROKU Broke out of a two-month downtrend last week and appears to be holding the downtrend line as support today. High probability of a bounce from here. Average analyst price target on this stock right now is $475, I don't see it going lower from this $310-$320 support area.

Near term target: $370 by mid-October
$480 possible by early November depending on overall market conditions. Stop loss just below $310.

I am long Oct 15th $350 calls for $3.00


Note: This is NOT investment advice. Educational only.