How Roku (ROKU) Could Stream In Profits

There’s a famous phrase among the trading community. “The trend is your friend.” Meaning, when there is a clear trend, it’s best not to fight it. Many a fortune has been lost trying to bet against stocks or markets that are trending in one direction or another, just ask those big institutions who have been shorting a stock like Tesla (TSLA).

No, it’s rarely a good idea to go against the grain in the market. So that is why we have been focusing on finding stocks that are breaking out or look like they’re about to, like Roku (ROKU). The level to watch on today’s stock is going to be the 75 mark which has gone back quite a ways by looking at the chart.

Given the trend, we assume that if ROKU can break through this 75 level and hold above it, it could make a run to higher prices. Keep this trade idea close at hand.

Learn to find these levels for yourself when you join The Profit Machine. There, you’ll learn all about my favorite stocks, setups, strategies, and plenty more. You’ll also be invited to weekly webinars where I answer questions and go over important trading lessons, like the one in today’s article. The best part, you’ll also receive live trade alerts. Not only will you get a world-class education, but you’ll earn while you learn.