The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
Following up on my VooDoo Report of October 6th where I discussed the bottom-fishing pocket pivot (BFPP) in Roku (ROKU), we can see that the stock has continued to move higher in orderly fashion. It is now pushing above the 50-day line, and yesterday posted a five-day pocket pivot as it launched higher. With Netflix (NFLX) set to report earnings today after the close, there could be some sympathy movement in ROKU one way or the other. If long from the original BFPP of October 6th per my prior report, the 50-day line can now serve as a trailing stop with ROKU expected to report earnings on November 6th.
VoSI VooDoo(TM) Report - Roku (ROKU) - 10/19/21
|Published:||19 Oct 2021 12:57 ET|
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