ROKU - Bear Flag on 1HR - Downtrend Continues IMO

3 Dis 2019

Seeing ROKU have a little retracement up made me recheck the chart.
As we see, ROKU forming a Bear Flag on the 1HR.
Price is very close to breaking 10WeekMA. Downtrend should continue once this occurs.
RSI breakdown trendline coincides with Dec. 5th, same as ROKU Bear Flag breakdown point.
RSI should not get over 70 - or consider exiting bearish Puts/Shorts.
Next trend on the 1HR is Bearish. Based on trajectory, we should fill the pattern right as trend turns bearish again.

My exit point is around ROKU $116.
I will stay in this position until next week most likely, or price target.
If Bull Flag pattern breaks up into gap above I am exiting.
Today's 50% price target increase was a joke. After yesterdays downgrade on ROKU, another analyst probably lost money and wanted to recoup some losses or exit their position.

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, ROKU and AAPL.

4 Dis 2019

Nota

We are filling the bear flag on this. We had 1HR candle with high of $151.00 exactly before going back down. When pricing is this exact, I always think algo's are trading this not humans.
Anything over $151 is exit in reality. I may ride it to $154 before bailing, but think there is risk to the downside here. Takes time for a tree to go "timber".