Roku

Discussion in 'Investment Charts' started by baudwalk, Jan 9, 2019.

  1. longtermbull

    longtermbull Administrator Staff Member

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    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.
     
  2. Chartman

    Chartman Senior Investor

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    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?
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Even though competition is building (see Disney announcement today) I think Roku will become a takeover target if the price keeps falling.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    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.
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    Now I would be a buyer on any further dips with this one - growth stock or takeover, just my thoughts.
     
  6. Chartman

    Chartman Senior Investor

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    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?
     
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