Get started

ROKU

Roku - Downtrend remains despite lurking pullbackSince december 2018 Roku has been in a clear impulsive wave that topped at 175 and made a sharp reversal. This correction has more the caracteristics of an impulsive wave than a correction, so, I suspect this to be only the first leg, wave A, of the overall correction. For now we can count 3 waves which means we should see a small pullback for wave (iv) followed by a new push lower for wave (v) before we see it go higher for red wave ((b), followed after by red wave ((c)) which should then make a new low. Levels to Watch are the Fib retracements, 50% at 100.0, ; 61.8% at 82.3 ; and the last line of defense for bulls, the 78.6% level at 57.7. Don't forget to keep an eye on RSI and MACD for some bullish divergence before considering wave ((a)) in place.
NASDAQ:ROKUShort
by ElliottWaveBelgium
2
ROKU filled gap below, looking for upside potential long termROKU just filled the gap below created on the 7th of august due to an earnings report. Looks like a good price to buy for a long term investment. There is also good volume lately witch helps price go up as there is more interest in the stock. A good stop loss would be a confirmation break of the 200 daily moving average. Then it could go down to the next big level of support which is the red trend line that I have drawn on my chart. As this is an investment type trade, I don't have a take profit target. Anything could happen... I wanted to include a YouTuber that specifically uses the gap strategy in his trading and has perfected it for months now. Here is the video on the trade and how he explains it in more detail: youtu.be
NASDAQ:ROKULong
by TheSnowballEffect
Gap filled. Time to buy??ROKU has been slaughtered over the last couple weeks. Is it time to buy for at least a bounce? I'm leaning towards yes... but I haven't really gotten an entry reason. ROKU fell more than 40% from wick to wick on the candlestick chart. That's pretty incredible... however, they have had a tremendously good year. I'm not saying they will go up and retest their all time highs, but why not make a little money off a bounce that is bound to happen at some point. That some point might be now.
NASDAQ:ROKULong
by Bankuur
7