ROKU
ROKU**News came out today about Apple buying Roku remote button for Apple TV+ app.
Call sweepers were active.. 95% bullish call flow. 2 Dark Pool Prints $100M+
Today was a great example of waiting for the right catalyst aligned with a key level break.
448 was the entry. ROKU can make a run towards 486 by Friday this week if it can hold above.
Trade Idea: 475C 7/2 BID/ASK: 3.90/3.95.
$ROKU Bulls Charge Ahead$ROKU continues to look bullish heading into trading tomorrow. Most time intervals look healthy. Yesterday's news that Comcast could potentially buy ROKU is helping the bulls case.
Currently, I am in one June 25 415c while already selling one contract already to take profit.
In any case, I am going to sell if it hits $423.40. I want to minimize profit losses as much as possible. I can continue to monitor and find another entry point. Where?
If this trades up I will continue to stay in the call, the key line to watch is it crossing over $429 where it meets the wedge. If it can show strength there the next resistance is $461!
If we get a rejection at $429 we could see a pull back to $406 levels especially if profits are taken.
The waves below the chart show bullish trends. Volume/price (green) is going up and the blue momentum wave continues to trend up with no divergence displayed so far.
Trade ideas:
ROKU Above 429 - June 25 440c
OR
ROKU Above $429 - July 2 $440c
*Disclaimer: This is not financial advice. The analysis provided is simply that, an opinion, and not meant as financial or investment advice."
Trading Idea - ROKUSHORT. We need to finish the correction, before we go up again!
Entry: 301.00 USD
Target: 224.00 USD (+25% profit)
Stop: 400.00 USD
Roku, Inc. provides a television streaming platform.
At this moment it is not too clear, but I expect a continuation of the correction to the 61.8% Fibonacci Retracement level.
ROKU , Watch for bullish signals around 200-240 buy zone!ROKU is close to the end of correction which was started on Feb 16th after an impulse rally from 58.22 to 486.72. Currently we are in wave C of and ABC form of correction. It seems Today's price jump was the wave 4 of C and another leg down to 200-240 possible buy zone is on the way to complete internal structure of wave C.
So far, We have a broad buy zone formed by cluster of Fibonacci levels from different Elliot wave cycles.This buy zone is shown on the chart by a green rectangle and includes 0.618 golden ratio of last rally. Possible subdivision of wave 5 of C may can help us to more accurately estimate the buy price . Another possible entry price around 150 is also shown.
I will investigate the status of momentum in different time frames when we become close to the buy zone.
All this ABC correction can be wave 4 of a larger cycle wave and possibly another large ascending wave is waiting for us. Why I used the word "possibly"? The answer is beyond the scope of this publication. It was just to emphasize that there are alternative scenarios.
Note that a trade above above 377.50 makes this analysis invalid. in that case you can go long and make profits.
Wish you huge profits my friends.
ROKU 1D Long-term LONG/BULLISHROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our first TP (Take Profit) is at the 0.618 of the Fibonacci Extension ($536.07), HAVE FUN AND GOOD LUCK TRADING!
Traders gain losers complain!
BA - HUGE PUT PLAY NEAR FUTUREAll,
This is weekly chart, but I see this playing out to the downside rather largely. In part due to the visible range/session show some low volume areas that will be slid through once breaking. Need first conformation of break but I may enter soon.
PT#1: 195
PT#2: 188
PT#3: 163
Then swap to long once confirmed
ROKU Long Medium TermROKU very much an inplay stock after a
5% day yesterday. Is there going to be follow
up today or will buyers take a breather.
If the former then look for shallow retracement and move higher.
If the latter anticipate a failed bid for the highs
and expect price to trade lower within a tight range
See hypos of how today's session could play out