ROKU long position

ROKU is a video streaming platform which is poised for strong growth, driven by its expanding user base, innovative offerings and strategic partnerships. Analysts label it as a comepelling long-term investment opportunity. However, ROKU isn’t trading at a reasonable entry price, in terms of technicals, so I would suggest the following:

- Wait for the price to drop to the previous higher low of $66.3 to enter this trade
- Put a stop-loss at $63.1
- Target a share price of $96.3