Nicholas Santiago
InTheMoneyStocks
Tuesday, September 24, 2019
ROKU Tags Epic Gap Fill, Bounce Likely
Shares of ROKU have collapsed in the last few weeks, falling from an all-time high of over $175 to a low today of $98.65. Today is the first day a major bottom may have been put in. The reason is an epic gap fill, a technical point on the chart was touched. In addition, ROKU flushed early in the day, but as the S&P has continued to fall, ROKU has actually rallied. This points to accumulation buying by big players. This means ROKU will likely bounce near-term to the $119.00 level.
