Well, there appears to be strong demand for ROKU but it is interesting to see Netflix, the main player in this industry, going the other way.
This one just keeps on going despite the fact that Netflix is going in the opposite direction. Is there a potential takeover in the background?
This one is going in the other direction to Netflix and there may still be a lot more growth to come through. The bad subscription figures from Netflix might be holding the shares back a little as well. Also, there would appear to be relatively low barriers to entry for the industry.
Strong support and this share price is still in a bull run. Unless something dramatic happens, it looks as though there is still a long way to go.
Wow, Netflix continues to struggle yet this company is flying high. Are investors switching from Netflix to Roku?
When you bear in mind the troubles at Netflix this is not a significant consolidation in the share price. The long-term uptrend has not been broken as yet.
Chart suggests that next support is around $148 - if it can stay above that then a return to previous highs might just be on the cards