ROKU BUY?ROKU shares are forming a support line for itself. The RSI indicator reports an uptrend.
Let's see :)
ROKU trade ideas
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 $894 million.
The next support level for Roku is located at 100.
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$ROKUSorry Kathie but this stock is trash! At critical support here and the only thing left for it to do is to keep going down! We are coming back to fundamentals baby!! Hedge with some calls and full port those puts.
Lets see if I can nail Roku this time.I will be buying Roku at $100. Seems to be coming back down to its actual value before everything and there mom was pumped with fed fun money lol Looking for a break to the down side even tho this looks like a falling wedge.
short term play
ROKU PE is still KUKUThis is not the environment to be catching this falling knife. We are in a bear market and this company is highly overvalued, growth is slowing, supply chain issues and input costs are increasing. ROKU missed revenue expectations by 9 % and lowered forward guidance. Another 70 PE stock whose price to earnings will compress. ROKU $865.3 million, vs. $894.0 million as expected by analysts ROKY sees $55m in adjusted earnings before EBITDA below the $79.2m consensus. ROKU, another Covid play is trading at it's lowest level since June 2020, this too will be taken out to the woodshed.
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: Oversold on the Monthly timeframeWhat do you guys think about Roku? Time to get in or what?
I like the price here based on technicals.
ROKU is a strong competitor to Netflix, HBO, etc.
$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!
ROKU rounding bottomRoku looking to push higher before ER. I could see 190 to complete the rounding bottom
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.
Elliot Wave Pattern Forming - ROKU shortThis is my first published chart haha.
I see an Elliot wave pattern forming. Potentially, you could trade this pattern long in the next day, then open a small protected short position.
Just something to keep an eye out for.
Let me know what you think!
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.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
$ROKU near heavy entry (3/5)Conviction: 3/5
Should probably wait for better entry around bottom support (4/5)
General Thesis
Weekly RSI good entry level
Daily RSI bounced off oversold, could still become bullish divergence with a lower low
bounced off near-term (2017) support trend line since inception
Growth
Gross margins (45%) is pretty steady the last few years, at all time highs
Revenue growth (50%) around historical average, down from 2020 pandemic highs
Value
P/S below average, looks like about historical median
P/FCF is very high (156), but about around mid-range of history
Fundamentals & Balance Sheet
quick ratio very attractive
Potential Risks
history is quite short, unclear how it will behave during recession
Daily RSI could spike down to oversold area some more
Historically no bullish divergence on weekly RSI before bounce
ROKU $170 reached. Next $200-$300, then $74In my previous post I outlined double top formation which suggested price should at least drop to $170. It happened even sooner than I expected.
What can be expected next? Well, now stock itself is deep in bear market territory. There aren’t some obvious technical set ups, but after such sharp declines it’s reasonable to expect sharp rallies (bounces). I am expecting us to see one and if so the first resistance would be just above $200 where weekly moving averages sit. It could bounce as far as $300 (to neck of the double top form) but I wouldn’t count on it. With FED rising rates and tightening monetary policy I see more pain ahead in the stock market over all. High growth names such as ROKU should be going lower with compressed multiples. There was so much hype around the stock at ATHs. When we hit the bottom there should be just as much negativity around it and I don’t see it just yet.
After the bounce my next price target is $74. compressed multiples, possible illiquidity events as some funds/etfs are forced to sell stock because of liquidations would drive price this low. Also, as mentioned in my prior post streaming services seem to be loosing competitive advantage and who knows if ROKU is able to hold on to its own.
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.
Time to turn Bullish on ROKU?The Basics:
Roku is a brand of hardware digital media players manufactured by American company Roku, Inc. They offer access to streaming media content from various online services. The first Roku model, developed in collaboration with Netflix, was introduced in May 2008.
Trade idea:
Although markets as a whole (especially some names in tech) have been taking a beating recently, it may be time to start looking for some discounted stocks to invest in. For the past several years, Roku has been giving very high returns to investors. Beginning trading around $20 a share to start 2018, it reached a high over $450 around the start of 2021. During this push to its all time high, there were several periods where the stock took over a 60% drawdown before recovering. We are down a little more than 60% from all time highs as I am writing this, and if Roku remains a player in the streaming industry I would expect high returns to continue going forwards. If this is the case, I would expect current prices to be a bargain in the coming years.
Risks:
The general market has been pulling back into the beginning of this year. If the market is setting a yearly low around the beginning of the year, I would expect this trade to lead to large returns. However, if the market has already set a high for the year and further downside is ahead of us, I would expect Roku to break out of its trend.
Possible pattern repeatI'm banking on Roku being at the bottom here and repeating the same legacy pattern it has in the past on the log chart
Bat Harmonic SetupSo here is another trade I took today as Q's started going sideways to down. No this is not a perfect Bat setup as I would have like to have it come up to ~175, but it did represent itself as a bearish trend trade. I think we may go test the last low as the Q's move sideways to down. Lets see how she goes! Cheers ;)
Roku LongAccumulate between 166.43 - 163.5
Target area 1 178
Target area 2 190
Target area 3 202
Stop loss 139
$ROKU interesting level here...Just pulled up this chart...I like it alot, trading at levels back to 2019, the company has grown since then, alot of potential
ROKU LongI think the worst is over for $ROKU. Market showed a good bounce towards the end of last week. $ROKU Bounced right off the weekly trendline. Great risk/reward here. Stops below the close of trendline on weekly timeframe.
