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Rokushort

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
ROKU - Short Term Entry - Downgraded and OverboughtROKU has multiple gaps to fill down, was downgraded from Morgan Stanley today, and is overbought. Morgan Stanley downgraded price target to $110. Average Analyst Price Target - $124.93 Current price is $137+ www.marketbeat.com We need to see ROKU break the white trendline to confirm the lower gaps may get filled. Price may bounce off the white line back up, into the pattern to fill the gap down created today. I am in this position for Dec 20 Call Credit Spread - 135/140 Strike (Bearish). Works out to 65% probability with 1:1 payout. This is short notice entry, but risk is small. My opinion - Who is going to be buying this dip in ROKU after 400%+ returns YTD, at ATH's, with a 15% downgrade, during the holidays? Answer - I cannot think of anyone who would spend Xmas gift money on ROKU stock with issues stated above. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL....and ROKU (for now).
NASDAQ:ROKUShort
by MoneyPatterns
ROKU - Bear Flag on 1HR - Downtrend Continues IMOSeeing ROKU have a little retracement up made me recheck the chart. As we see, ROKU forming a Bear Flag on the 1HR. Price is very close to breaking 10WeekMA. Downtrend should continue once this occurs. RSI breakdown trendline coincides with Dec. 5th, same as ROKU Bear Flag breakdown point. RSI should not get over 70 - or consider exiting bearish Puts/Shorts. Next trend on the 1HR is Bearish. Based on trajectory, we should fill the pattern right as trend turns bearish again. My exit point is around ROKU $116. I will stay in this position until next week most likely, or price target. If Bull Flag pattern breaks up into gap above I am exiting. Today's 50% price target increase was a joke. After yesterdays downgrade on ROKU, another analyst probably lost money and wanted to recoup some losses or exit their position. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, ROKU and AAPL.
NASDAQ:ROKUShort
by MoneyPatterns
2