ROKU Stock Price Below $70; Will the Correction Continue?
The post ROKU Stock Price Below $70; Will the Correction Continue? appeared on BitcoinEthereumNews.com. Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) ROKU stock price is in a correction phase and fell 8.02% in the previous week. It formed a double top bearish pattern and sellers succeeded in breaking down the neckline support. Roku Inc. stock faced rejection from $75.00 and the price continued its downward momentum. It drops below the 50-day and 200-day EMA showcasing a downtrend and presence of sellers on the higher levels. At the beginning of September, the ROKU stock price tried to break out of its previous swing high at $95.00. Sadly, the sellers were active and did not allow the buyers to give the follow-up momentum. Slow and steady, prices declined by forming lower lows and eroded 50% of the gains generated in 2023. However, at present the price is near the demand zone and buyers will try their best to halt the downfall. On the lower side, $60.00 is likely to act as immediate support for the bulls. If the sell-off continues in the coming week then more prices might test the $60.00 level. So, it will be interesting to see how prices react near to support which will decide the next direction. Will ROKU Stock Price Decline Further? ROKU stock price is on the seller’s radar and short-term pull back are facing rejection. The broader market index Nasdaq composite is mild bearish and closed the session with a decline of -1.23 %. So…
The post ROKU Stock Price Below $70; Will the Correction Continue? appeared on BitcoinEthereumNews.com.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) ROKU stock price is in a correction phase and fell 8.02% in the previous week. It formed a double top bearish pattern and sellers succeeded in breaking down the neckline support. Roku Inc. stock faced rejection from $75.00 and the price continued its downward momentum. It drops below the 50-day and 200-day EMA showcasing a downtrend and presence of sellers on the higher levels. At the beginning of September, the ROKU stock price tried to break out of its previous swing high at $95.00. Sadly, the sellers were active and did not allow the buyers to give the follow-up momentum. Slow and steady, prices declined by forming lower lows and eroded 50% of the gains generated in 2023. However, at present the price is near the demand zone and buyers will try their best to halt the downfall. On the lower side, $60.00 is likely to act as immediate support for the bulls. If the sell-off continues in the coming week then more prices might test the $60.00 level. So, it will be interesting to see how prices react near to support which will decide the next direction. Will ROKU Stock Price Decline Further? ROKU stock price is on the seller’s radar and short-term pull back are facing rejection. The broader market index Nasdaq composite is mild bearish and closed the session with a decline of -1.23 %. So…
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