The shares of Roku (ROKU) were downgraded Tuesday by TheStreet's quantitative service. The On-Balance-Volume (OBV) line has been in a longer downtrend, but has turned sideways in recent months. In this weekly Japanese candlestick chart of ROKU, below, we went back four years to show the large double-top formation in 2021. The weekly OBV line has a downward slope, which is hard to see on this scale. In this daily Point and Figure chart of ROKU, below, we can see a potential downside price target in the $41 area.

Source: Washington Post June 15, 2022 05:44 UTC