Roku Has Corrected and Looks Ready for New Strength

Roku Has Corrected and Looks Ready for New Strength
·2 min read

In the daily Japanese candlestick chart of ROKU, below, we can see that the shares bounced from the end of March to the middle of April. Prices have pulled back to correct 50% of this recovery and this is a good place to see if traders find ROKU attractive now. The On-Balance-Volume (OBV) line shows some modest improvement from late March.