SA After Hours: Roku Astrology
Remember when I said SA After Hours would largely be going away with the launch of BlockChain Reaction? I lied.
Maybe “lied” isn’t the correct word. While BCR subs get the overwhelming majority of my crypto insights, media-focused equities are a different animal. My latest Roku (ROKU) article dropped on Seeking Alpha earlier this afternoon. Here’s a quote from it where I make fun of myself for getting the technical analysis wrong earlier this year:
Given the relentlessness of the selloff, I assumed $150 was the bottom in February of this year and wrote about why I believed bulls would regain control based on seller exhaustion that I saw in my technical analysis. Shortly after my bottom declaration, I was served a marvelous helping of humble pie. I can still taste it now! Turns out, I saw what I wanted to see in the astrology that TA can often be.
Because a previous SA piece was more focused on the technical analysis, I didn’t want to revisit that setup in today’s SA piece because my track record there isn’t the best in 2022. But that certainly won’t stop me from sharing some additional thoughts on the Roku chart for you fine people.
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