Rejected at the 7-day high, trade still up 37%
Roku slips 1.2% and stalls against the wall of its 7-day high
Rejected at the 7-day high, trade still up 37%
Our view last week
Roku is in week 12 of a buy trade and the model's coverage is now complete: all 3 references have been hit and the residual capital continues trailing on the Inversion Point, in the 127.3 area. The trade sits at +39% since entry. The next earnings report is approaching, on July 30 - a window worth watching but not yet close.
This week's summary
Roku stalled against the wall of its 7-day high, rejected outright: the week closes down 1.2% after last week's 5.2% surge. Money flow has stayed negative for four straight weeks, even with price working near the highs, and sellers slightly took over the last session. In this week's technical analysis the trend still gains conviction: the trade has been open for 13 weeks, up more than 37%.
IQS Phase
52
ordinary
Signal Strength
86
high · wide move
Sizing
FULL
Ranking
#2 / 129
US stocks in progress
Trade P&L %
+37.30%
from signal to today
restricted Platinum content