Скачать или смотреть Roku Stock Analysis - 2020 Price Forecast

Is this the bottom for Roku stock? Is it a buy?

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Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others.

Competitors:
Disney, Netflix

No dividend payments.

In this video, I conduct technical analysis to help with the Roku stock price prediction.

While one would think that the Roku stock price would go up during the COVID-19 pandemic lockdown as people stay home and potentially watch TV, this wasn't the case in March 2020.

The Roku stock price followed exactly the same pattern as the Down Jones Industrial Average. It currently appears to have bottomed out, just like the rest of the market.

However, from here, the Roku stock price could take a different direction than the DJI as more people stay home and stream online.

the key resistance level is at 50% Fibonacci retracement, 99.70. However, before further gains, we could see another visit of 82 and potentially even 57.

I would take profit at 139.

ROKU is not on my top stocks for 2020.

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