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.
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