Shares of Roku have moved higher in a step-wise fashion since May. The $64,000 question now is whether this pattern can continue or whether a deeper pullback is about to begin. In the daily bar chart of ROKU, below, I can see that the shares have declined throughout the month of August and are now testing the rising 50-day moving average line. The volume spike at the beginning of the month suggests a lot of new buyers of ROKU and the pullback suggests these buyers are slowly "throwing in the towel."
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