ROKU extremely disconnected from trend line

Faded the resistance touch today. From the high, price is above the trend line by the 2nd furthest % since IPO. Look at how wide the space is between price and the trend line at the tops. Pullback usually revert to the trend line within about a month so which would run around $290-300 area by February. Watch out if this breaks down.

Trade ist aktiv:

Now even further away from trend line AND hitting top resistance line. Will be entering short here with a tight stop in case this breaks out.

Kommentar:

Bull trap over top resistance line followed by a drop straight to prime uptrend line. Needs to hold here or it can drop to $250-270 area next