Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

VoSI VooDoo(TM) Report - ROKU Roundabout

The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes

Roku (ROKU) has been busy over the past two months trying to build a new base after a huge upside move. Remember that I first discussed in a ROKU in a Voodoo Report back when it was trading under 20 in early November. Since then the stock had a huge move. It is scheduled to report earnings next week, but ahead of earnings I note that it is holding tight along its 10-dma as volume dried up to -79.3% below average today. An interesting set-up looking for a pop ahead of next week's earnings report. 

Another one that I think bears watching here is Abbvie (ABBV) which recently failed on a big-volume buyable gap-up (BGU) move. The stock is tightening up here along the 20-dema after shaking out to the 50-dma last week during the market sell-off. While selling volume hasn't dried up in the extreme, it has steadily declined as the stock tightens up along the 20-dema. Thus, if the market rally continues from here, this might recover off the 20-dema, making it buyable along the line while using it as a tight selling guide in case it doesn't work.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy