I have these down as a buy on weakness - the next support level is $60. I dont think it will crash through that but you just never know.
A vague double top in the graph - competition starting to impact growth? Apple impact? I would be a buyer of these on weakness - they may become a takeover target at some point. Apple was a rumoured bidder for NetFlix yearsa go, why not switch attention to Roku?
Even though competition is building (see Disney announcement today) I think Roku will become a takeover target if the price keeps falling.
Looks like a traditional double-top but I think these shares are a buy on weakness. They will either grow of be taken out. Only problem, relatively low barriers to entry and new players such as Apple and Disney entering the market - these companies have access to masses of content, especially Disney.
Now I would be a buyer on any further dips with this one - growth stock or takeover, just my thoughts.
If I was being negative I would say there is a double head and shoulders pattern but I think the fundamentals of this are very positive in the longer term. If they dont perform they will surely be taken over?
Does anyone know when the next results are and whether there have been any broker downgrades recently?
This little baby is a really hot stock at the moment - will we see a reversal of last time and see ROKU dragging Netflix higher