ROKU - Confluence zone (opportunity for bargain hunters)???
201
Confluence includes:
Fib Extention and projection cluster zone
Diagonal and horizontal support confluence
Divergence building
Price fell 70% from High
While I feel there is a lot of competition in the field ROKU is playing in and longer-term they may have harder times, there is a potential that market bargain hunters jump in at these levels, the key will be to wait for a confirmation trigger confirmed by price action on a smaller time frame. Market volatility is very high and the fact that this potential trade is against the trend dictates being very nimble.