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Rokushort

$ROKUShares of Roku dropped as much as 4.8% lower on Friday, hamstrung by a bearish note from Wells Fargo analyst Steven Cahall. The pessimistic call on the media-streaming technology stock counterbalanced an upgrade that drove Roku shares higher yesterday. Cahall downgraded Roku from overweight to equal weight, meaning that the analyst now believes that Roku shares don't provide an exceptional investment opportunity anymore. He also lowered the price target on the stock from $450 to $388 per share. That's still 16% above Roku's closing price on Thursday, but the Wells Fargo analyst sees better ideas elsewhere because this stock looks "fully valued" at current prices. In my personal opinions I’m fairly flat on Roku. I’m not bullish but I’m also not bearish. On the technicals you can see price has broken out of its falling wedge on the daily and looks tempted to run. With the MACD curling & the RSI recently coming out of oversold territory. I suggest keeping this on your watchlist. - Factor Four
NASDAQ:ROKULong
by TheBlankFund
Roku setup for gap fill at 455Interesting risk and reward for both long puts and calls. Roku closed slightly under the 6 day ma. A break below the 8 day ma opens the door down to the 21 day ma which is approx. 10% drop; however, if ROKU closes above the 6 day ma then there is a gap at 454 which is approx. 10% move higher. Although there is no squeeze setup on the 78 min time frame, there is a setup on the 39 min with yellow D breakout levels. We have monthlies for this particular setup and remain extremely bullish. Losing for ROKU to take out 52 wk. high and run toward the 500 psych tgt.
NASDAQ:ROKULong
by TOSOPTION
ROKU still bearish to 240...Yes... I know... ROKU has been running this week but guess what, it is still in the massive downward channel! ROKU bounced heavy off the long term trendline support and is now at a very interesting spot...which happens to be the downward trendline resistance! This will be a great short opportunity into tomorrow if ROKU rejects resistance at ~338 (.5 fib) My downside targets will be: PT1: 304.34 PT2: 282.94 PT3: 241.03 (on break of long term trendline support) In the unlikely event that I am wrong and ROKU continues its bullish run and breaks resistance... Upside targets will be: PT1: 352.58 PT2: 373.80 PT3: 400 (Psychological resistance) Happy trading!
NASDAQ:ROKUShort
by stockmankam
Short a RokuWhat is a Roku? Some sort of feral animal that has gotten out of control. I don't know about you, but that divergence in volume and accumulation/distribution sure looks like most people don't want to baghold Rokus and are releasing more of them back into the wild as their price goes up. The Danish government slaughtered millions of minks and minks are cool and have a clear purpose for warm coats. Rokus don't. Why have a Roku if you can have a Netflix and a Disney+ on your laptop? Short the Rokus.
NASDAQ:ROKUShort
by horacejunior
5
ROKU going down?Head and shoulders forming on the 2 hour time frame, looking to see a move down to my minor support level at $169 if we break that zone we will see a movement down to $141. I have my fib .618 retracement at $200.73 as a possible bounce to retest all time highs but with political factors impacting the market theres a very small chance Roku would go back to ATH. We could see the previous highs by end of the year, but as of now just be patient and wait to scale in some long contracts for Roku.
NASDAQ:ROKUShort
by jUiCE_Trades
Roku - Death by SymmetryThis week is a perfect warning shot for similar rogue sell-offs to come in the near future. During such times, it is always good to have a default short play in your back pocket. The price action on this chart is so symmetrical that the probability of downward pattern completion is much higher than it would otherwise be. So far, the pattern has maintained its symmetry, despite the strange-looking shape at first glance. If the market had an equal number of bullish days as bearish days over the chart's timeframe, I suspect that the symmetrical, harmonic pattern would be much more noticeable. This is a solid go-to when you're stuck (think two days ago when your perfect bullish setup got sideswiped). Going into next week without at least two of these kinds of plays is a mistake, especially if you tend to swing trade more often than you day trade. NASDAQ:ROKU
NASDAQ:ROKUShort
by UnknownUnicorn5511258
Roku: Bullish Confirmation Analysis 4H (Jun. 17)X Force Global Analysis: Roku is an American company offering a line of digital media players that offer access to streaming media content. In this analysis, we take a look at the technicals and fundamentals of this stock, assessing potentiality for a bullish rally. Fundamental Analysis - Roku stock has declined by almost 40% from its highs due to the impact of the recession and negative short-term news flow, but the big picture remains intact, and Roku is still a market leader in programmatic advertising with enormous room for growth in the long term. - User growth and engagement remain stronger than ever. - Despite the lowered advertising expenditures, Roku will still be able to deliver substantial revenue growth this year - Profit margins will be affected by weak advertising demand during the recession, but the business model allows for attractive profitability at the fundamental level - Thus, makes sense to expect Roku to deliver expanding margin in the years ahead if management executes well. Technical Analysis - The first thing we spot is a reverse head and shoulders pattern on the 4H chart - The right shoulder has completed its formation, and prices have broken through the descending trend line resistance, as well ask the neckline - Prices demonstrate strong bullish momentum with bullish engulfing candles - Prices have also broken through and closed above the Ichimoku cloud resistance, indicating a bullish trend reversal - The Exponential Moving Average (EMA) Ribbon is also looking to form a bullish cross - The Relative Strength Index (RSI) creates higher lows and higher highs, showing an uptrend - The Moving Average Convergence Divergence (MACD) shows increasing bullish histograms as well. What We Believe While we believe that Roku is valued at the right price, not only does it have solid fundamentals for long term growth, technicals demonstrate immediate term bullish potential. Trade Safe.
NASDAQ:ROKULong
by XForceGlobal
002 Piggish_Play - Annihilate Roku with 50+ Puts @104 (5/29)NASDAQ:ROKU The last time ROKU got downgraded this badly on a random Friday, it sold off harder than any stock, ETF or Municipal Bond, perhaps ever. Even UVXY (circa late March 2020) was nothing, comparatively. Coincidentally, the downgrade came just before a really nasty article was published regarding potential fraud mix-up. The company hasn't posted profits in 10+ years and never will. Oh yeah, forgot I'm a technical trader. The chart looks bearish.
NASDAQ:ROKUShort
by UnknownUnicorn5511258
1
Roku Bearish Temporarily but will RetraceFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, for the next few weeks I expect Roku to have many bearish correlations and the next short is $110 with a $114 target for it to break that resistance bubble. Once it breaks said bubble, it should go to around $124 and could continue a small rally. However, short term it is really risky and there are higher growth stocks not getting strong sale calls from analyst.
NASDAQ:ROKUShort
by gamer456148
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