$ROKU - RC -
Added 2023-11-27 17:54:48 +0000 UTC$ROKU's Wave 5 down finished shorter than we expected but still valid 5 waves down after completing a WXY count until August.
Although their earnings report is regarded as a miss, the market saw a number of things it liked and believed there was value at this level and got the price back into the channel and above the 50 and 200 Day MA.
I do not see this bounce as an impulse wave but another corrective wave bounce, the same as what we saw at the start of this year.
A retest of the top trend line and a pull back for Wave B would be a nice entry to catch Wave C higher.
