NFLXNFLX is up 61 AH after reporting 8.5 million net new subscribers in its fourth quarter vs 2.2M reported in previous quarter. Netflix tops 200 million subscribers for the first time.
If NFLX can pull back in the morning and backtest the 557 level that can be a good entry to go long. Or you can wait for NFLX to break its previous ATH of 575 to go long.
ROKU
Sell ROKU at 413$ to 380$ target price Open short idea RUKU.
From 413$ to 380$ (+8% gain).
Reasons - new TV sets and sticks will decrease quartal to quartal due to previous highs jumps in sales in covid lock-downs period. Now who wanted to buy TV or stick mostly done this, and future sales will decrease in post-covid reality.
Also there is few ideas to short, TESLA, NIO see below.
UPDD: NIO has reached the target +9% take proft on short.
Tesla
Roku Inc. Accurate ForecastHello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.