$ROKU - RC -
Added 2023-08-28 21:50:33 +0000 UTCThis looks misleading because it gives the appearance that this is moving higher in an impulse wave but it has not been.
We can see that from the 3 waves up, the WXY, they each contain 3 waves each....and Wave Y has a number of waves that overlap each other, making an impulse wave impossible.
Since this has hit the top of the yellow trend line, it has also rejected heavily with the market.
The fundamentals for this stock are not great either.....however, it is $ARKs second largest holding, which is bizarre to me and certainly not a stock I would be building any portfolio around.
If the price loses the 50 Day MA, I suspect this will come down to test the 200 Day MA which is glued to the yellow trend line right now.
