ROKU
ROKU Cup & Handle - Is Now The Time?I'm expecting bullish momentum this week.
Pros:
- Potential bounce off the 200MA
- Great ER
- Bullish Divergence forming on the hourly chart
Cons:
- Potential "Double Top" pattern
- Strong Bearish Weekly and Monthly candles
- Handle is extending more than 50% of the cup. This may break your rule regarding this pattern.
A bullish bounce, if strong enough, could carry ROKU to $400 within 2 weeks. I'm swinging $400 8/27 Calls. I entered on 8/13 at 3:59pm lol
$AFRM $ROKU $AAPL $MSFT I OptionsSwing WatchlistAFRM 1D I AFRM broke out from a downtrend, we are seeing an inverse H&S. After holding the breakout, and earnings on 09/09, we are expecting a run up.
ROKU 4H I ROKU has been sliding and has lost 25%+ of its value in less than 20 trading days. RSI might show a slight bullish divergence, watching for a reversal.
AAPL 1D I AAPL average price target is $165. After reporting earnings AAPL has been consolidating in a triangle. Waiting for a breakout favoring the upside.
MSFT 1D I MSFT successfully held the breakout from the channel, and is now pushing higher outside our ascending triangle. Average price target is $320.
ROKUOn 2/22-2-23 ROKU sold off from 483 to 381, and was able to bounce 30 points.
11/9, ROKU gapped down 8.6% and was able to bounce 4% at open that day.
5/7/20 ROKU gapped down 8.9% next day after earnings and was able to bounce 6% that day.
ROKU is at 384 (-8.6%) AH. If roku can hold above 380, it's possible to see buyers step in at open today.
If ROKU can't hold 380, it can sell off to 362.
Trade Idea: 8/6 400C (higher risk trade/quicker trade)
Earnings Week (08/02-08/06): Move Predictions, IV CrushBelow I've posted a compiled spreadsheet (Google Drive spreadsheet), outlining a large portion of upcoming earning releases for the week of August 2 through August 6, 2021. Options market overestimation percentages, predicted/actual earnings release moves, and average implied volatility (IV) numbers have all been sourced from Market Chameleon ( marketchameleon.com ).
Google Drive spreadsheet public link: docs.google.com
If and where I've posted quarterly analyst revision numbers, that data has been sourced from Seeking Alpha ( seekingalpha.com ). PLEASE take any analyst "recommendations" with a literal kilogram of salt, as any/all critical thinkers have noted a tendency toward foul play with "analyst" target numbers and recommendations (hint, they do not have YOUR best interests in mind).
Current prices are obviously as of market close, Friday, 07/30/2021. The most important data provided lie in the first five columns immediately proceeding "Current Price."
This spreadsheet provides a readily accessible, macro view of potential earnings plays for the week. I often use this overview to aid with decisions to either buy or write put/call spreads, credit/debit iron condors, or more standard long plays with protective puts, dependent upon overall market volatility (VIX), and equity-specific IV.
Please post any comments/questions/concerns, and best of luck this busy week traders.
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ROKU, Can makes us a millionaire ! We certainly follow !ROKU, Following the trend of the stock can makes us a millionaire! You doubt? Follow the analysis.
Roku is certainly one of the best stocks in the market. General trend of the stock is still up. We have the prediction of ROKU in weekly and daily time frames on the left and right side of the chart respectively.
Weekly chart:
We never know whats going on the market or a stock without looking at monthly or weekly time frames. Looking at weekly chart of ROKU reveals that the stock is currently completing it's wave 5 of (3) which may ends at 500, 523 or even 555 USD. After that, a considerable decline (Wave (4)) is expected down to 272, 214 or even 131 corresponding to 50% , 61.8 % or 78.6 % Fibo Retracements respectively.
Is decline going to continue further? Of course not. Another and final up going wave (5) will start at proposed support prices which makes a new All Time High (ATH) up to around 600 USD ! Here the Big Short is to come ! :
Great Short Opportunity my friends : Completion of mentioned wave (5) will complete a large cycle Elliott wave which has around 4 years duration. The correction which will start at least takes 18 months and push down the price to 272 , 214 or even 131 USD ! corresponding to 0.5 , 0.618 and 0.786 Retracements respectively.
Daily chart :
We have a closer look at ROKU in daily time frame. As mentioned above, Stock is currently making it's wave 5 of (3). Wave 5 has it's own subdivisions. There are still two up going ( which we are currently in the first) waves and one correction in between to complete the whole wave 5. The up going wave which we are currently in will terminate around 480. A correction down to 400-423 is expected and final up going wave up to 500, 523 and 555 will trigger the correction of above mentioned wave (4).
Are we going to become a millionaire ? Why not? It is absolutely possible.