ROKU - Dying but is an opportunity here?Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Oh boy look at ROKU doesn't that look juicy. Disclosure I would wait for a lower price to kick in. I expect a decent reversal day in the coming trading sessions. Keep an eye out for that! Right now this is why I have a bullish outlook on ROKU:
Oscillators on many many timeframes are way oversold
This is a fairly new stock in a price discovery mode
We are about to fill a big gap from August
This is what I would not want to see. I would not want to see the price close under $100 on a 3 day timeframe otherwise I believe we're going to head back toward $75.
Upside target about $188 and that's long long term.
Trade safely out there.
<3 -CE-
ROKU
Three Percent Trade Idea: Go long ROKUHere is a great opportunity to pick up ROKU .
At Three Percent Trades we have a price target of $110.00 / share, which is a potential upside of 5.16%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
We own $104.60 / share
ROKU is a great buy before earnings!
This is a great buy before earnings! i am not predicting what happens after earnings!
The long term charts look aggressively bullish!
Current price ($129.94) has the history of being a previous support level so it has a high probability of making a u-turn and becoming bullish .
Also the current price ($129.94) is at the Fibonacci Retracement (38.20%) -> which suggests that the trend is turning bullish and it could be a great entry point.
The first candle on Monday morning can predict the movement for the week. If it is a bullish candle then it means that we are going to see a huge jump in price.
The highest price i am expecting to see before earnings is $148.64 (which is right at the trend line ).
ROKU is a great buy before Earnings! NASDAQ:ROKU is preparing to release earnings on November 6th. This is a great buy before earnings! i am not predicting what happens after earnings!
This is a great buy before earnings! i am not predicting what happens after earnings!
The long term charts look aggressively bullish!
Current price ($129.94) has the history of being a previous support level so it has a high probability of making a u-turn and becoming bullish.
Also the current price ($129.94) is at the Fibonacci Retracement (38.20%) -> which suggests that the trend is turning bullish and it could be a great entry point.
The first candle on Monday morning can predict the movement for the week. If it is a bullish candle then it means that we are going to see a huge jump in price.
If the first candle on Monday morning in red then we can expect the price to go down to $123 and $119.
The highest price i am expecting to see before earnings is $153 (which is right at the trend line).
$BYND Beyond Meat buys around $100, GAP CLOSE at $102 incomingAfter going 430% in a small half a year. Looks like that $BYND is now on track to close the gap from the first weeks. Gap opened from $102 till $121. It broke down under the $121 mark so a downtrend till $102 is on the move.
Buy orders at and around $100 seems valid for a potential bounce of 10, 20 or 30%.
Expecting the same kind of move that happend on $ROKU.
$ROKU Is Great For Day Trading$ROKU will most likely bounce to $128 to $131 based on Fibonacci lines of the current move.
$ROKU is great for day traders as it can be played from both the LONG and the SHORT sides.
Roku, Inc. operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts. It also provides advertising products, including videos ads, brand sponsorships, and audience marketplace program; and manufactures, sells, and licenses TVs under the Roku TV name. In addition, the company offers streaming media players and accessories under the Roku brand name; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its Website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, Mexico, and various Latin American countries. The company was founded in 2002 and is headquartered in Los Gatos, California.
As always, trade with caution and use protective stops.
Good luck to all!
ROKU - Will it fill the gap?Today's market showed some breath, specially for software. Which is normally a growth>value story.
$118 is the closing gap resistance.
Important market sentiment:
Tomorrow October 4th will be a deciding move, as we get the employment report before the open (8:30am ET).
With recent continued weak manufacturing data, this employment data could tell us if a recession is coming, and more importantly (short-term), if the FOMC is going to cut rates again.
The market has the cut now priced with a probability of 90% at the end of this month.