ROKU - BUY ZONE HERE, MAKE PROFIT NOWROKU - this is a good stock to have, and it's in a great buy right now.
It is doing well, its actual stock value is around $ 478, but its current price is just $ 406.
The company has good plans, good leadership, and investment funds are pouring in. Great signal at support on the chart.
ROKU
Hedge your bet with the ARKK Innovation Etf
just now
With big tech falling after the first week down for the S&P in 2021. We will likely see a slide in the technology space. I believe a buy in the ARKK ETF is a nice prospect. They have positions in companies that are prime to continue performing well in the market. I will be buying the dip on this ETF into the buy zone listed. Tech will slide, the question we need to ask now is for how long.
Top 10 Holdings
As of 1/29/2021pdf_iconView All Holdings
Weight Company Ticker Market Price Shares Held Market Value
9.56% TESLA INC TSLA $793.53 2,726,469 $2,163,534,945.57
6.71% ROKU INC ROKU $389.03 3,901,096 $1,517,643,376.88
5.24% TELADOC HEALTH INC TDOC $263.83 4,495,919 $1,186,158,309.77
4.63% SQUARE INC - A SQ $215.96 4,854,798 $1,048,442,176.08
4.42% CRISPR THERAPEUTICS AG CRSP $165.70 6,030,285 $999,218,224.50
3.80% INVITAE CORP NVTA $49.52 17,340,761 $858,714,484.72
2.89% PROTO LABS INC PRLB $211.80 3,088,854 $654,219,277.20
2.82% BAIDU INC - SPON ADR BIDU $235.02 2,717,183 $638,592,348.66
2.76% ZILLOW GROUP INC - C Z $130.46 4,780,089 $623,610,410.94
2.75% SPOTIFY TECHNOLOGY SA
Comments
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SQ
The Big Short (ROKU)ROKU insane short opportunity in the works. Gravestone Doji on the weekly timeframe. Wave 4 ideally would hit the 0.236 to the .382 retracement, which lines up with the median line of the Schiff Pitchfork. Additionally, there is bearish divergence on the daily timeframe on the RSI. The streaming service is quite saturated and some competitor news can drive price down.
TSLAInside day candle on the weekly.
TSLA reports earnings after close on Wednesday. A 75 point move is priced in.
**TSLA previous earnings (4/29, 7/22, 10/21) gapped up at market open the next day, and sold off. Same day expiration OTM Options Premiums opened losing almost all value. Be aware of this.
Lotto Trade Idea: 900C BID/ASK: 15.75/16.10
775P BID/ASK: 9.10/9.50 can work if you're bearish.
AAPLAAPL had a strong week last week, and was able to close above the 138 level on Friday. AAPL reports earnings after close on Wednesday. A 9 point move is priced in. If AAPL has a positive earnings reaction they can move straight to 150. A negative earnings reaction can move back down to 128.
Lotto Trade Idea: 150C BID/ASK 1.30/1.32
TXNTXN, and AMD report earnings after close on Tuesday. LRCX reports after close on Wednesday. There is a 9 point move priced in for TXN. If these can report a positive earnings they can help push semi stocks higher. You can play NVDA KLAC, or AMAT, as a sympathy move to avoid paying a high premium.
Lotto Trade Idea: AMAT 108C BID/ASK 1.36/1.45
If you're bearish, AMAT 104P BID/ASK 1.15/1.22 can work.
ROKU Short Opportunity! Thanks NFLXRoku is setting up for a 418 test with a possible sell off to 407 lvl tomorrow 1/20/21 . We can see a double test of the 426 support area with nice bounces each time. Another tell is the follow through of the bounce at the 426 area, todays bounce puttered out at 435 with no continuation.
My plan:
1/22 420 put (3.4/3.65) on 426 lvl break (quicker momentum play)
1/29 405 put (5.45/5.55)
*ideally I would like ROKU to rally at open 430-437 range before failing, I will look to begin entering puts then
Indicators:
- MACD cross over on 30 min chart.
- Daily RSI overbought, MACD beginning to head down
- approaching a LVN on volume profile, Daily POC in showing stronger price action at 411 area
Sector Divergence: from 1/4 to 1/19 NFLX fell to a max of -10% (touching 485 area) , in that same time period 1/4 to 1/19 ROKU exploded 41%! It rode the back of price upgrades and sector hype but now we see that flowing into NFLX today!
levels provided by EliteOptions