roku trend line break out roku is been on some monster runs i think we got some trend line action small break out and then back to the yearly low
ROKU trade ideas
ROKU a strategy for what they want to be without stressROKU a strategy for what they want to be without stress. simple now let's see the following in roku. Continuation bullish price with different strike price if you trade with options, buy the 475.00 and sell the 472.50 or 470 it can be at the market if your broker allows you to buy with the market closed since at the limit the brokers tend to manipulate the entries if the market opens higher this they buy the bearish price and vice versa.
The explanation is the following with this two price in price 475 the stock gives the bullish continuation and with the 472.50 or 470.00 the downtrend begins. if it opens up with gap retest and if down with gap bearish gap and go
ROKU Pivot Breakout Buying on the breakout or close of the day wit the stop below the low of the day. Breakout had well above average volume with volume declining during the prior consolidation.
Entry: $463
Stop: $426.86 (-7.81%)
ROKU - Cup & Handle PatternI am pissed...
I was watching ROKU for 2 months, was lulled to sleep and stopped watching it. I made 5 mistakes:
1. Lost interest in the trade and got impatient;
2. Failed to play the "descending triangle" breakout;
3. Failed to play the handle down;
4. Failed to size into calls on the breakout that happened today; and
5.I forgot that ER was next week.
Honestly, I wasn't expecting ROKU to move like it did today. Maybe next Thursday or Friday. Either way, lesson learned. Remember, "paytience."
ROKU BUY OR LONG, TARGET $650ROKU has confirmed a good " Cup And Handle " pattern on high
volume, the target for this pattern is $650 with a stop loss around 10%.
Good trading!
ROKU's near term targetROKU formed an inverted H&S before breaking up the neckline @ 390 on 22 June. It then continued to 463 (A) before started to correct over the next 2.5 weeks back to the neckline @ 390 (B). As soon as it tested the neckline on 19 July (now resistence turned support), it began a steady rebound.
The inverted H&S target is at 507, incidentally this is also the 1.618 fibonacci extension of the AB swing upwards. It would be interesting to see if this target can be reached before it announces earnings on 4th Aug!
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to drop your comments :)
Cup and Handle patternThis looks like a textbook Cup and Handle pattern.
EMAs are looking bullish , volume is increasing.
However there is the RSI and the overall market which is extended, so be careful.
Also earning are coming up, it might pose as a threat.
ROKU Potential Bull Flag PatternThe renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong.
The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag pattern.
We're looking for the breaking out of this flag after a strong bounce from the 100 Fibonacci retracement level, So prices could target $433.70 - $460.30 levels before hitting the bullish pattern's target - if confirmed - at $530.
Roku very bullish cup and handle!Hi Traders!
It looks like our favourite streaming company $ROKU is forming a cup and handle pattern. Price has formed a handle by the means of a small downward movement. If price breaks the upper trend line of the handle, the cup and handle pattern is confirmed.
On top of that other technicals tell us:
- Price is supported by 50MA support.
- Ichimoku, the cloud of the current downward trend is very thin which indicates that the current small downward movement is very weak. Also, the price is fairly distanced above the cloud which is bullish.
- RSI is 47, this level has worked as support in the past lets see if this happens again!
- ADX on the hourly shows us that the short term downward trend is already weakening.
Also don´t forget that the chance of fundamentals bringing bullish momentum and sentiment on the stock is also very high with upcoming Q2 Earnings report. Both investors and analysist expect company growth! And with the delta covid variant concerning investors again, ROKU is a safe-haven for investors, as ROKU profited from the previous lockdowns.
Our trade plan:
Wait for price to break the upper trend line of the handle and enter at 418USD, and hold for at least 2 months first price target at 480USD an TP2 at 525USD. Stop loss at 398 just below the psychological level of 400USD and below the upper trend line, this would make this thesis invalid.
Disclaimer: This is not financial advice and for education all purposes only.
Bearish on Roku < $397.00Bearish on Roku if it breaks below $397.00 - it could drop as low as $375 next week. Watch to see if buyers step in and it bounces back to 400+
If not; which I think is unlikely due to all of the selling today, and it breaks below $397 - swinging puts could possibly be a good trade.
I'm kinda curious myself to see how the market looks going into close today, if we close down then I think Monday will be bearish.
[MS] Elliot Wave combined with [MS] Divergence+ I was given early access to @marketscripters Elliot Wave script. I am already a big fan of Divergence+ and with the Elliot Wave combined, catching a trade opportunity is effortless.
I'll let the chart speak for itself & remember to press play tomorrow night :)
ROKU back at 20 MABack down to 20 MA. This range happens to be gap down range feb 23rd….. see I f it holds here and confirm flag breakout. Watching for kow
ROKU longROKU PT 500 coming .. I believe it has a huge breakout to the upside under way!
Above ATH buy 500 C .
Wouldn't be a bad idea even to buy ITm calls for 3 weeks out and see what dough that gets ya $$.
ROKU - Bearish $ROKU - Appears to be in the ABC corrective wave after it completed a 5 wave sequence back in Feb 21 to 486. Roku has completed AB of the corrective wave and is now in C wave down which would be a 5 wave down towards 326 and possibly lower towards bottom of Wave A (272).
Play the curve down on the weekly and use white lines as areas to trim out of your position. Will need longer dated puts (3 months minimum/I prefer 6 months - and at the money strike imo)
#Investing #Options #Stockstowatch $Roku
ROKU - Longs? Cup and HandleROKU is looking nice.
Cup and Handle formation (not yet confirmed)
Momentum / RSI Divergence
1st potential entry on 8th July Candle - (618 retrace)
Wait for a breakout of the descending channel with volume to go long
$ROKU Trading PlanAs long as 431.69 holds as support, I am targeting 449.08/462.99. For longs, I'd like to see a close above box on weekly. A breakout over 462.99 would validate the cup and handle. My next targets would be $478.08/$504.17/$538.96/$562.16. If unable to hold the box and support at 431.69, I am looking for an entry back into box and retests at $417.19. $405.15 is an important level to watch. If broken, bears should take control and drive price down to 382.40. Box is broken to downside if 365.05 cannot be held.
$roku top watch after amzn cup and handle at all cup and handle set up ready to explode of 434 target 450 than 500
