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ROKU

ROKU's Recent Downgrade: $125 ShortFirst off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let us get into a few points. I use Roku, I even streamed a show on Roku. Roku has a good product in terms of meeting an unfilled demand in its market segmentation. Nobody is debating that. Roku has a really nice growth correlation and story. That being said, it is about to meet its resistance curve again. Analyst are downgrading it, and it seems like a $125 short target is the safest play, although some people may set a sell at $133, and there is a chance that it would meet that threshold soon but with more risk. Roku is overall a stable growth stock, and one that looks like it can do a nice long hold. However, you don't want to hold it before a downward spiral, which is why I suggest it is better shortening it now and maybe reinvesting in it later to mitigate risk.
NASDAQ:ROKUShort
by gamer456148
5
ROKU IS EXCITING RIGHT NOW!!! Daily Chart FLAG :):):):):):):)Ticker: $ROKU Notes: We have a flag on the ROKU daily - I'll be looking for a trade intraday tomorrow on this. People just love ROKU for trades so when there's a setup - this thing can really get up and go. Not to mention there's usually lots of options volume on this ticker too which further increases the interest in it and the conviction it gets at levels and out of patterns. xeenos trading - sending positive energy to all those watching
NASDAQ:ROKU
by xeenostrading
2
ROKUAs long as we keep making higher lows in the current demand zone, I think we can bounce out and still try for a push up to 138. I, again, redid my wave counts but nothing has changed for my overall projection; just will take different structure to hopefully get up there! I’m currently in a call spread—entered towards end of day. I’ll be looking for a bounce out of demand and will actually look to lock in some profits fairly quickly as I think the overall market is looking like it is starting to turn over. Just will be avoiding potential of this getting dragged down with it. Game Plan: watch for higher lows to continue and hopefully capture an impulse wave 3 up. My stop for my current trade is 118.12. Break below this and I think 108 can be targeted. If we continue up, my target is 138, but above 135 is high caution for me.
NASDAQ:ROKU
by PT_Marche
ROKUWent back and started from a clean slate on this as I felt something wasn’t adding up with the counts. Though my count is little different, nothing has changed from my bias of reaching 138+ zone and entering a potential short. After redrawing, I think we just went through a wave 4 retrace (blue number) with a flat a - b - c correction. Wave count and fib lines when drawn help to confirm this, for me at least! With this view, it makes more sense and better clarifies my belief that this relief rally isn’t over. I see this wave 4 correction completed which puts us in the position of a 5 wave move up. Game Plan: key support at 118.12. I’ll look for price action to confirm upward movement. If we gap up at open, helps to confirm my count. If we gap down, will watch that key support. I’m leaning upside still to get to that supply zone. If we open flat and hold the demand zone, I’ll look to enter a small risk upside play but will look to lock in profits early—if they happen—as anything above 135.47 I think is fair game for a reversal.
NASDAQ:ROKU
by PT_Marche
4
ROKUROKU has had a nice run up but I think some profits are going to be taken here soon and I am planning to capture some downside move. Already in a supply zone, zoomed in we are approaching the top of the supply zone. Within this wedge, I think ROKU can give one more push up to 138 area before it drops. Game plan: not entering anything short until 138 area is reached, giving me a better possibility of profit if price rejects this zone. Start of this rally was 108 and that will be my ultimate price target goal.
NASDAQ:ROKUShort
by PT_Marche
2