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  • Writer's pictureT. Livingston

ROKU & CRWD Setting Up Well

ROKU ($ROKU) and CrowdStrike ($CRWD) are forming big bases and setting up well for a potential move higher. I traded CrowdStrike earlier in the year for a large gain (see post here) and now it is setting up again and closing in on a new high. After running up well in the Spring of 2020, it has consolidated quite nicely over the past few months. Now it is starting to wake up with earnings approaching next week. It is important to note that a stock can be very volatile during earnings so risk management is very important.

Roku is another stock that has been consolidating well over the past few months. The market has been extremely strong the last few months and this one looks like it has potential for a large move higher. It's definitely worth watching for a breakout in the coming weeks.

Full Disclosure: I currently own ROKU and CRWD.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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