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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 126.30 and 118.38. If the stock breaks down through support at 126.30 then it will probably continue lower to 118.38. The stock has resistance at 127.22 and at 135.47. If the stock breaks up through resistance at 127.22 then it will probably continue higher to 135.47. The 200-day moving average is at 124.80. 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 126.30 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (77.85).”
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