ROKU
Short $ROKU CMP $343.76Short $ROKU CMP $343.76. Long term trendline breakdown. Possible repeat pattern from last breakdown. Support ~$320 area
Roku Swing 9-16-21Roku is being oversold as the rsi has dipped below 30 for the seccond time within the last month. The stock has recently crosses below the 200 ema, but is still above the 50. Roku hasn't been in a bearish trend since the start of the pandemic, and I don't see why that should start now. Eying roku 325c exp oct 22 with the intent of holding less then 1 week. I will keep a 10-15% stop loss and will roll the contracts if the turn around takes longer than expected.
ROKU for the hat trick!Remember this level?? Very nice hammer on the daily chart today. Had you bought at today's closing price you would have had 2x 50%+ gains this year. Hat trick incoming??
$ROKU ON WATCHWatching to see if ROKU can close above the key $319 pivot low. This will give me conviction on a potential major reversal and low put in today to end wave 2.
$ROKU | WEEKLY WATCHLIST 9/13Needs to bounce in the $318-325 range or else ROKU could be in trouble. Extremely critical area for the stock with multiple support confluences (bullish trend line support + Fibonacci box retracement). Also important to note that the 200 Daily SMA is about to intersect with and test the 100 Daily SMA. (this isn't shown in my chart) If we see the 100 cross below the 200, this will be first hints of a major bearish trend taking place.
ROKU looks weak at 353.00Roku looks pretty weak, and I wouldn't be surprised to see it climb up to 353 only to take another downturn. The extending purple fib line is my trigger that the down move is finished.
Weekly Watchlist 9/7 - 9/10Here is what stocks we are watching for this week!
NASDAQ:MRNA
Looking for a $420 breakout with targets of $425 and $430
NYSE:NIO
Nice bullflag showing here, looking for a break over $41 with targets of $42 and $43
NASDAQ:ROKU
Currently sitting a major trend resistance, we are looking for a move over $346 with targets of $348, $350 and $352
NFLXTrade Idea: 9/10 600C over 593
NFLX over 600 can cause a big breakout.
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ROKUStrong move over the 363 level yesterday. If ROKU can break over 376 it can see 383, 390 next.
Trade Idea: 385C 9/3
ROKU $400 by 9/24?ROKU bounced again and it had strong bullish volume today.
- Strong earnings (it's just now recovering after dropping on good ER)
- Needs to break above 50MA and 200MA
Also, it WAS forming a "cup and handle"pattern but it retraced back more than half of the cup. Not the ideal C&H pattern.
Still worth the trade if tomorrow and Friday can hold the $351.50 level.
AVGOEarnings on Thursday 9/2. There is a 24 point move priced in.
Calls can work over 495.
Lotto Trade Idea: 520C
ROKU INTRADAY 15MIN lottoROKU respected the demand zone we are going long its a lotto we should see some nice gains here targeting a strike as close to price as possible with a very very tight stoploss use proper risk management
ROKU LONG SETUP to new 52 wk highsROKU has pulled back approx 29% from it's last leg up. The daily heiken ashi candle is forming a doji with TGIT trigger. This setup provide an opportunity for ROKU to run up to the 21 day ma ET strat tgt approx 375 to 380 into Monday or Tuesday. Tomorrow, Jpow speaks on Friday may introduce additional volatility but we believe ROKU moves higher from here. Confirmation is Friday green daily heiken ashi candle..
$ROKURoku has lost one-quarter of its value in less than a month. It cost $476 a share on July 19. Now it’s at $351. Even at that price, you’re paying 207x earnings, or 20x revenue.
Roku stock fell after earnings.
Operating income also fell from the previous quarter to $69 million.
Those numbers beat estimates, but user growth was seen as slow.
For many people who are invested in Roku it was just time to take profits.
Roku has 37% of the U.S. streaming market, but its global share is dropping.
Europe, Asia and South America are the new growth markets and Roku isn’t a player there (as of yet)
When we look at the technical side of things, Roku is still sitting in a nice uptrend.
We have a long term ascending triangle on the daily.
We’re sitting right at support which gives a nice RR ratio.
We have a double top on the daily.
MACD about to curl
RSI just coming out of oversold territory.
Keep this on your watchlist.
- Factor Four
Roku: Dead Cat Bounce? Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish trend on RSI as well. When it breaks, there will be a big opportunity. Selling pressure is slowing down and a trend change with the inverse hammer followed by a green candle. If it breaks the support of $340, its a dead cat bounce.
ROKU gaining momentumROKU had a strong day today, looking for continuation tomorrow. Morning star pattern is a reliable reversal pattern. If ROKU can break above $364.77 with momentum it's lights out. Let's see if the market can string together a few decent days.
Roku x Inverse H&S Simple Charts: Price Action & Candlestick Psychology
- We've seen 1 market cycle with ROKU, and now we should see another one as football season is approaching in September, more viewers will be watching TV and other entertainment as the fall approaches and the weather gets colder
- Huge Inverse H&S on the Daily Chart
Fundamentals have only increased year after year
- ROKU INC - ANNOUNCED ITS LINEAR LINEUP HAS EXPANDED TO MORE THAN 200 CHANNELS, WITH A TOTAL OF 17 ALL-NEW CHANNELS LAUNCHING THIS WEEK ON ROKU CHANNEL
Target
- $700 by the EoY
ROKU Trend Reversal incomingTicker: ROKU
Notes: Roku has been trending in this downward channel and finally bounced off of this Daily demand and broke out of that downard trendline. We just need confirmation on this breakout and be patient with it. We don't want to catch a falling knife.
Key Level:
Crossover above 200SMA (362.64) could be a good reversal entry for a target of 370 then 385.
