Short-Sale Set Up - ROKU???
|Published:||6 Sep 2018 10:27 ET|
This is a tricky if not somewhat controversial idea. Gil has discussed the possibility of Roku (ROKU) setting up as a big Punchbowl of Death formation, but this would only be viable in a market correction. If the stock breaches the 20-dema, then this would trigger as a short-sale at that point. However, if the market continues to correct, it could become shortable right here using the highs of the day as a guide for a tight upside stop
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