ROKU
Trend Analysis: ROKU - Elliot Wave and C&H PatternNot an expert at EWT, but it's relatively easy to see a wave 4 correction of larger wave 2. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)).
Trend Analysis: ROKU - Elliot Wave and C&H PatternNot an expert at EWT , but it's relatively easy to see a wave 4 correction of larger wave 3. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)). Furthermore, I see the wave 4 correction allowing for a potential handle of a cup n handle pattern. Which takes the chart ultimately to about $260 before the next consolidation phase.
$ROKU The Perfect Options Entry | Play of the week The Plays:
Estimated time: 2 weeks
ROKU 160 Call 7/17, looking to pick up tomorrow or the 14th. Should see Roku move sideways a bit till we bounce off support (blue line).
ROKU $160 Call 7/17 @ $370 per contract
These contracts will be cheaper if Roku opens even or negative.
Do not trade this
DotcomJack
ROKU price target 200 Well well well, look who decided to break out of its cup. So next gap fill is from 153 to 159. Looking good. Cup and handle at the bottom so that is even better. ATH is 176.55. Calls below that should pay. Don't know how expensive they will be but we shall see on Monday. Pissed I didn't see this BUT I would wait to get in, if it falls out of its channel then we could find a better price. Still bullish overall. A great stock