ROKU Swing Trade Setup | G20 Meeting Takes Global Center Stage

ROKU Swing Trade Setup | G20 Meeting Takes Global Center Stage

ROKU Stock Chart 6.24.19

ROKU Stock Chart 6.24.19

ROKU stock price exploded the last 2 months and looks poised for another bullish run and a new swing trade.

It appears that $100 would hold as the support level for a new long. but I'm waiting for a little further decline to the $96 level. A limit order at that price triggers my initial entry. My game plan ultimately shows a summer-time profit target of $125.


G20 nerves hit European stocks, dollar; oil gains

“G20 is turning into a high-stakes poker game for risk, and if the sideline talks between Trump and Xi fail and trigger an escalation in tariffs, the odds of a full-blown global recession increase exponentially,” said Stephen Innes, managing partner at Vanguard Markets.

reuters.com/g20-meeting-6-24-19

Iran is already in a ‘very dangerous’ economic position as US prepares major new sanctions

President Donald Trump is threatening to impose “major” new sanctions against Iran on Monday, ramping up the pressure on the Islamic Republic at a time when its economy is straining under the weight of financial restrictions.

cnbc.com/iran-new-sanctions

Gold Gains to Near Highest Since 2013 as Bulls ‘Back in Control’

Gold’s bullish momentum has rolled into a new week.

Prices extended their advance above $1,400 an ounce, near the highest level since September 2013, after the Federal Reserve and other central banks turned more dovish on monetary policy.

This, combined with planned U.S. sanctions against Iran, as well as the coming meeting between the American and Chinese presidents, is creating a raft of bullish factors for the precious metal.

bloomberg.com/gold-gains-bullish

Pete Renzulli
 

Click Here to Leave a Comment Below 1 comments
Gene Champagne - October 4, 2020

Very good written story. It will be beneficial to anybody who employess it, including myself. Keep doing what you are doing – looking forward to more posts.

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