ROKU
ROKU - Double Top Play (Risky)NASDAQ:ROKU saw an incredible run up of about 10% yesterday, where majority of the market were still left bleeding.
Do note that this is a risky play at the moment, as NASDAQ:ROKU is at a strong support if you look at the weekly timeframe. Nonetheless, the risk to reward seems attractive at this level. This is because we saw a massive run up from the previous trading day at open. The faster the the move from previous price levels, the faster the drop when price breaks through the resistance turned support.
Conservative traders can look to enter if price reaches and gets rejected at resistance again as that would present a triple top setup.
Happy Trading
WATCHING $ROKU for entryWATCHING $ROKU for entry
This is my answer to everyone who requested ROKU analysis. When macD crosses back up that is where you go long… If I find another reason sooner than that I’ll post for sure… does not look, technically, like that will be soon, but i have alerts set...
GL
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
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ROKU 2M Master Charttest
Roku, Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. The Platform segment allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs. Its product categories include Roku audio, Roku TVs, and Streaming Players. The company was founded by Anthony J. Wood in October 2002 and is headquartered in San Jose, CA.
Due for a bounce?We may see mid 80s before it bounces back. Watch out for earnings. March could be a bullish month. Dont miss it. Strong buy from 80-100 range for a good upcoming bounce!!!
ARKKHoping for a bounce here on ARKK around 54-60$
This thing is heavily oversold. ROKU is a POS and likely will continue towards 90$.
Another Potential Mirror Pattern $ROKU targets $70Another potential Mirror Pattern on $ROKU. Targets 70 measuring from the center of the mirror. Not great news for $ARKK.
I was not watching ROKU actively - this could have been seen as a possibility as early as the retrace back to 266!!
Was the ROKU sell-off predictable?I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
Now, after the earnings, i see a retracement to the May 2019 level.
Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected
For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.
ROKU - BEARISH CONTINUATIONOn Thursday Roku inc. reported worse than expected quarterly revenue, which led to new bearish momentum. The company reported fourth-quarter revenue of $865.3 million, compared with estimates of $894 million.
The next support level for Roku is located at 100.
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This is my current plan on ROKUROKU is down 70% from the previous "ATH" and is below a clear descending trendline; I'm really interested in this kind of name to look for opportunities in case a new bull run comes. My main thesis to support the idea that a new bull run may come is on the logarithmic chart.
As you can see, these big drops have already happened in the past , and after that, we observed massive bullish movements. So my view is that there are similarities between them and that past behavior may repeat again.
Ok, nice that these mean that we should buy now? Of course not; that's why we use technical analysis to detect common patterns between all these past situations and try to find which would be the most efficient way of trading this "opportunity." My conclusion is that I want to observe breakout followed by a correction in the daily chart of 7 to 12 days and a clear 10% retracement.
IF that happens, then I will be interested in trading on a new local high in the same way you can see on the chart, with a target on the next major resistance level.
What happens if the price keeps falling? Then I will not trade, and I expect a move towards the next support. From there, I will look for the same setup I'm mentioning here.
Thanks for reading! Feel free to share your view and charts in the comments!
$ROKU ROKU another sleeping giant ending major correctionROKU perhaps a NETFLIX killer and another sleeping giant, preparing to complete major correction in supercycle (II) and preparing to start first bullish leg of supercycle (III).
Target range for buyers is within the blue lines as shown.
Wave 5 should end the correction ~ $132 area, but it *can* extend deeper (you must remain prepared in case it does). We're looking for another set of 5 waves to complete wave in wave c of supercycle (II).
1% rule per trade;
calculation here would be
Entry: ~ $132.11 - $118.38
Stop Loss: $32.00
Targets will be updated: Minimum we'll get is a 3 wave bounce where we'll be looking to take partial profits and put stop loss above entry to create risk free position in ROKU.
For spot buyers, DCA will be your best friend in case we extend to those lower extremes.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
Time to ROCK ROKU shares After more than 70% plunge from the peak, it has also completed the ABCD pattern. I will wait a while more for it to establish more bullish patterns before nibbling some.
Roku Analysis 09.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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$RBLX $U $ROKU $TGT I OptionsSwing WatchlistRBLX 4H I RBLX will be reporting earnings on 02/15.
Taking RBLX $70c 02/11 on a breakout from $65. We can also wait on RBLX to report earnings before jumping on it.
U 1W I Held the weekly trend line we highlighted last week and moved up 17% after reporting earnings. Watching for a break above $112 with volume this week.
ROKU 1D I We are spotting a bullish divergence on ROKU on the daily time frame. Also, unusual activity has been picked up betting on ROKU $180c 02/18 @ $5.90!
TGT 1D I Possible falling wedge on TGT daily time frame. We also have a bullish divergence on the RSI. Aiming for $218 calls expiring this week as long as $212 holds.
Roku on the 2H Broadening Bottomwe zoom in on the broadening bottom on the 2 hour chart.
Originally a bullish reversal formation which arises from a downward trend in which the bulls and bears become indecisive and the price swings sideways.
In 58% of the cases there is a bullish exit but always take a downward breakout into account.
I also include a possible bear flag in the downward price targets.
1W:
1D
Keep calm, trade safe and manage your risk.
(Disclaimer: this is no financial advise)
ROKU uptrend weekly overviewThe American company Roku Inc. is a brand of hardware digital media players
and provide access to streaming media content from various online services. The first Roku model, co-developed with Netflix, was introduced in May 2008.
In the big picture an uptrend.
Where we find double tops at the top that form a bearish reversal M formation and have now played out.
The price is near the golden pocket of the fibonacci series and I encounter a positive divergence on the rsi, a formula to go up again.
However, from ATH the bears are well represented, also bear in mind a decline towards $84 isnt that crazy.
1D
2H
Keep calm, trade safe and manage your risk.
(Disclaimer: this is no financial advise)
$ROKU channel breakout 50% retraceRoku is in an extended downward channel. This will eventually breakout and retrace a maximum of 50% of entire channel range.
