Roku Inc (ROKU) stock plummeted 8.03% in Wednesday's trading session, raising concerns among investors about the streaming platform's ability to sustain its growth trajectory.
The sharp decline could be attributed to technical weaknesses observed in Roku's previous base pattern formation before a significant price rise in 2021. According to chart analysis:
These chart pattern flaws, identified before Roku's previous breakout, could be raising concerns among investors about the stock's ability to maintain its momentum, potentially contributing to the recent plummet.
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