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ROKU

ROKU Analysis Falling Wedge + Demand Zone + Loss of Bearish Momentum + Divergence ROKU is losing bearish momentum as we approach the bottom of the Falling Wedge inside the Demand Zone. The volume spike today is a sign we are near the bottom along with the Higher Low on the MACD Histogram with Slightly Bullish Divergence on the MACD and SMI. RSI is approaching Oversold but price action has not given us confirmation of a Bullish Reversal yet. We have 2 Small wick rejections of the Demand Zone but we need to break over 112.72 to confirm break of downtrend.
NASDAQ:ROKULong
by itsCblast
BIG M pattern for ROKU (Short and Long Position Setups):For a Big M pattern to play out 1. the trend start to the first peak (A) should be a big rise >60% within a short time <158 days, in this case, the rise is 119% and 32 days days 2. the two peaks should have a difference of at most 1%, in this case, the difference is 2.65% between the closing prices of A and C, however, considering the volatility of this stock I will still consider it a BIG M but play it safe. 3. the stock confirms the Big M when the price closes below the closing price of the valley (C) the last day (5/15) it closed at 112.95. Once it closes below 112.89 we can confirm a big M patter Buy set up 1: Because the closing price is still not less than 112.89, go long on the open (5/18), and then sell the next day (5/19) IF the price closes below 112.89 (because if price closes below 112.89 (C) then we have a confirmed Big M, aka a breakout, is happening). If the 5/15 close is still above 112.89 then continue going long. Buy Set up 2: Wait for price to close BELOW the closing price of the valley (C) 112.89 and short at the open (when the price is lower than 112.89)! The target price is at 90. (90 is calculated by C-B= apex. 22, then B-22=90 this is a classic Big M measurement to get the target price, the second target price is the launch price 80.27) If a pullback starts to happen... ....sell the position if a pullback starts to happen and get ready for Buy Set up 2 Buy Set up 3: if B to D (D=the possible pullback) is less than 10% before the pullback go long. (because it's a BUSTED BIG M!) or for a more conservative trade do Buy Set up 3 But Set up 4: if B to D is less than 10% wait for the pullback and buy (go long) when price closes above C 137.60 But set up 5. Ideally, the stock will drop to just above the launch price of 80.27. Close your position then or if the stock finds support along the way down. Buy set up 6: if price hits launch price and reverse, wait for the price to go above the break out price 112.89 and then short when it once it drops BELOW the 112.89.
NASDAQ:ROKUShort
by Closedeals
ROKU LONGFalling Wedge + Symmetrical Triangle + Dynamic Demand Zone + Divergence + Momentum ROKU is showing loss of Bearish momentum as we get closer to the Demand Zone. Long Wick Rejection on the Hourly Chart today after reaching it. RSI Support Level Holding with Bullish Divergence. MACD Gaining Bullish Momentum. SMI Making Higher Low. I'm expecting a few more long wick rejections of the Demand Zone (Indicating Reversal at a strong Dynamic Support Level early next week) before we have a Breakout to the upside out of the Falling Wedge.
NASDAQ:ROKULong
by itsCblast
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