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Bullflagpattern

ROKU Bull Flag/Pennant - Breakout to New Highs?I can't believe I'm saying this, Long ROKU through ER. ROKU Bull Flags/Pennant on multiple timescales: 5min 30min 1hr ROKU has bottomed after completing A-B-C corrective wave within a long term bullish trend. ROKU is growing sales >40% y/y in a pandemic -ad sales >50%- while trading at a relatively subdued multiple to peer-metric stocks (sentiment informs multiple/valuation, not fundamentals today - get that in your head bears). After a nice move to breakout from A-B-C downward channel at $136 (without gap retest mind you - a trend that is becoming more and more familiar for those of you who like to inscribe rules into stone and not look at what the market is telling you: PYPL TWLO TSLA (so far) ZS etc) ROKU is in a bull flag, setting up for a move higher powered by earnings - right? ---Before I go on and on about this trade, I feel it best to say thatI am a ROKU bull if you couldn't tell, and the harshness of my tone is specific to this ticker as I feel it has not received proper respect (multiple) in markets relative to how market chooses to value peers. Having some fun with the 800-pound Bear in the room--- So then, Bears -hello Citron- is it lights out for you? I have a bull flag after a corrective 3 wave down which held lows, broke out of down channel, and maintained macro upward trend. GAME OVER BABY - Right? It's setups like these that make me a bit too hesitant. I am essentially betting that ROKU will beat and raise top and bottom line and show strong demand driven by targeted ads with higher CPM due to programmatic nature of platform (quite a mouthful!) - a move ala PINS; the market has it wrong and just you wait for the multiple change when you see the metrics! This is too binary for me, generally. If I don't get a perfect — for whatever reason, oh, you know, perhaps because GDP declined 9% sequentially or GOOGL (ad company to compare it to) just posted first EVER quarter of negative top line growth — then I'm done for. In fact, ROKU displayed exactly this activity during the downtrend channel last year through this year: it sold the -what I perceived to be- good news and looked for any metric to be bearish on. Notably the market has been overall bearish ROKU since IPO and this has been a key battleground stock. I would throw SQ in with that group as well. Battleground stocks are big opportunities and the long term TAM for ROKU as the winner(s) of the CTV market is huge. Hard to be bearish anything other than simply the idea of AMZN competing. What if there was room for a duopoly? So, of course, the question is - is this a bull trap or the end of the battleground? Are we beginning a strong Wave 1 up, are we in the beginning of Wave 3, or are we at the top of Wave 1 and due for corrective Wave 2 before strong Wave 3 to new highs? (Any -forex?- people that can give insight into my narrative would be appreciated. Just completely tear me apart, that's what'd I'd like: through destructive growth births.) Ok so I'll solve for X. I don't care what the reaction is to the downside because I am fundamentally long the company for years, not just for this ridiculously binary trade (which you'll see, I am in for the speculation, of course), I just need to manage risk well enough that I don't get killed in any knee-jerk pullback that was a bull trap (ala ER in February). To manage risk I cut shares of ROKU and am short Sept $150 puts at cost of $14 as replacement for my stock. Then, I bought August $180c for $5 as a speculative leg of the trade. Net credit is $9 with put sell breakeven above $136 (breakout level) and net b/e above $139 (Also am happy to roll down/out put sells if quarter was a dud). Potential gain is $14 on the sells + difference between realize Aug21 price & b/e which is $185. Stock breaking out to new highs would be above $176.55. With the bull flag that is setting up, I would not be surprised to see a gap to this level and run to $200 on a nice print. $210 even seems in the cards on a change of sentiment but again this is highly speculative and not likely, especially considering ROKU's history. If the print is truly a blowout I'll go into the aftermarket and pick back up my shares there. Happy trading all and always manage risk. Managing risk is what makes trades like this possible to me.
NASDAQ:ROKULong
by UnknownUnicorn7308096
2
EURUSD 1.14251 + 0.37 % LONG IDEA * CONTINUATION PTTNS Good Day Everyone A look at the EURUSD from the 4H chart the pair has been in a uptrend since breaking out of that descending triangle currently just broke out of a bullish flag which could be signalling a continuation to the upside on the pair. the pair is currently retesting the bullish flag structure upon close this past week looking for continuation to the upside of this move. lets see how it goes will be holding the trade on swing for the week... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
4
Bull flag or not ? Is this a Bull flag pattern or continuation of the downtrend channel ? We will know soon :) Chachain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CRYPTOCAP:TOTAL
by Anoinvest
12
LENDUSDT | BULL-FLAG | .618 Fibonacci | Trade Setup Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation. Points to consider: - Support Confluence (higher low) - Bull-flag (trend continuation) - 55 EMA (visual guide) - Increasing Volume - RSI above 50 - Stochastics overbought LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the key level, establishing a higher low, further solidifying the importance of the level S/R flip of the bull flag neckline further establishes a bullish bias in the market. The 55 EMA will act as dynamic support and a visual guide, assisting in trade management. An increase in bull volume nodes is present; further influx of volume will be essential for price action follow-through. RSI has broken above 50 showing increasing strength in the market, ranging above 50 will maintain the bullish bias. Stochastics reaching oversold conditions and may remain there for some time. Overall, in my opinion, A long trade is validated to the technical target above with risk defined below .618 Fibonacci retracement. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
LLong
by Kudiiee
1