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- Watch This Stock For A Breakout Rally Into Year End (Potential Pattern Setup)
Watch This Stock For A Breakout Rally Into Year End (Potential Pattern Setup)
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I’m watching ROKU to see if it can breakout for an end of the year rally.
A lot of people are cutting their cable TV cords and using the ROKU service now as their main source for living room TV entertainment.
The stock had a big jump right at the end of November, but is now pausing, forming a new trading range, with support at $80.00 per share.
If it can hold that level this week, then it should form a consolidation triangle, and set itself up for another breakout rally.