It was a difficult year for Roku whose stock lost more than 90% of its value amid worsening macroeconomic headwinds, such as rising interest rates, and soaring inflation.
Roku shares have become extremely attractive after the massive selloff this year, given its impressive active account growth, and improving monetization of existing and new users.
A short-term bullish scenario is expected.
The 1st resistance level is located at $50.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Roku shares have become extremely attractive after the massive selloff this year, given its impressive active account growth, and improving monetization of existing and new users.
A short-term bullish scenario is expected.
The 1st resistance level is located at $50.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.