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Roku Inc (ROKU) “On a long-term technical basis, the stock (ROKU) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 135.47 and 127.22. If the stock breaks down through support at 135.47 then it will probably continue lower to 127.22. The stock has resistance at 140.50 and at 149.49. If the stock breaks up through resistance at 140.50 then it will probably continue higher to 149.49. The 200-day moving average is at 124.71. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 135.47 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (78.29).”
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