Roku LongCaught support at retracement area and on trend
Bullish H4 Momentum
Target below last major resistance @ 370.47
ROKU trade ideas
ROKU , Watch for bullish signals around 200-240 buy zone!ROKU is close to the end of correction which was started on Feb 16th after an impulse rally from 58.22 to 486.72. Currently we are in wave C of and ABC form of correction. It seems Today's price jump was the wave 4 of C and another leg down to 200-240 possible buy zone is on the way to complete internal structure of wave C.
So far, We have a broad buy zone formed by cluster of Fibonacci levels from different Elliot wave cycles.This buy zone is shown on the chart by a green rectangle and includes 0.618 golden ratio of last rally. Possible subdivision of wave 5 of C may can help us to more accurately estimate the buy price . Another possible entry price around 150 is also shown.
I will investigate the status of momentum in different time frames when we become close to the buy zone.
All this ABC correction can be wave 4 of a larger cycle wave and possibly another large ascending wave is waiting for us. Why I used the word "possibly"? The answer is beyond the scope of this publication. It was just to emphasize that there are alternative scenarios.
Note that a trade above above 377.50 makes this analysis invalid. in that case you can go long and make profits.
Wish you huge profits my friends.
ROKU 1D Long-term LONG/BULLISHROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our first TP (Take Profit) is at the 0.618 of the Fibonacci Extension ($536.07), HAVE FUN AND GOOD LUCK TRADING!
Traders gain losers complain!
Bullish. Upside Target: $440Greetings All,
ROKU broke to the upside from two separate trend resistances and a small period of consolidation. The breakout has strong volume with price above the 20, 50, and 100 MA. I also like the bullish divergences on the OBV, VWMACD, and MFI. Targeting the $440 gap fill, but closely watching the bearish divergence on the MACD. I wonder if we'll experience a run-up prior to earnings report in August? Only time will tell.
Happy Trading!
ROKUROKU
The company operates the #1 TV broadcasting platform in the US by hour
The share price has continued to rise since March 11, 2020, after the decline that occurred in the Nasdaq Stock Exchange due to the impact of the Covid-19 epidemic, achieving good gains, reaching the level of 485.57, at which investors began to reap some gains from previous purchases, which weakened the purchasing power and returned to the level of 294, which became Good support area for the stock
Technical signals that support the stock's continuation to rise
1- The price failed to stabilize below the level of 293.23, which acts as a support for the stock
2- Entering the fourth wave, the impulse Elliott waves, which came in the form of a positive wedge pattern, which may open the way to achieve the fifth wave
2- Positive penetration of the wedge pattern and retesting
3- Starting to form a share model on the daily frame
target levels
1- 401.84 previous resistance level with a breakout that opens the way for 485.57
2- 485.57 display area has pushed the price to the 300 levels, so please beware of it
and God is superior and knows best
Please adhere to capital management
ROKU Cup & Handle trend line retest I dont believe ROKU is done. Today was a Broad Market pullback. Once J Pow speech is over ROKU is going back to the top of the channel its been in for the past few trading sessions.
ROKU LongDecent long bet if you think the market won't crap in the near future.
Seems to always regain the white trend line. Works until it doesn't.
Overall market is jumpy, but if you're bull this is the best looking growth tech set up imo.
ROKU Long Medium TermROKU very much an inplay stock after a
5% day yesterday. Is there going to be follow
up today or will buyers take a breather.
If the former then look for shallow retracement and move higher.
If the latter anticipate a failed bid for the highs
and expect price to trade lower within a tight range
See hypos of how today's session could play out
6/15 ROKUROKU back to the support (pink line) again with a good green candle
shall be good opportunities to enter
ROKU 07-04-2021 LongAsset and Time frame -ROKU,Daily,4H
Entry Price -357
Exit(Stop Loss) -331.38
Exit(Take Profit) -441.13
Technical Analysis -Price broke the trend line with good volume and a retest,also price is sitting on the daily 100MA(If it will close above that will be exellent)and yesterday was a good day for square in terms of candle pattern and volume
ROKU in rip modeGreat momentum today confirming channel break out. 370, 388 are next levels. 350 should act as support now
$ROKU - Who else wants to catch this?ROKU could definitely take off if this breakout sticks.
Fib level (retracement and extension)
Nice bounce of 50 MA
Hop in at your own risk!
Not financial advice
Roku Could Be TurningRoku has been one of the top performing growth stocks since going public in late 2017. Now, after a healthy pullback, it may be ready to move again.
The main pattern on today’s chart is the 50-day simple moving average (SMA). This line was resistance in April and late May. But now ROKU is attempting to break it. Notice how the 50-day SMA is now rising (illustrated by our Moving Average Speed custom script).
ROKU also tested its 200-day SMA last month and quickly bounced after earnings beat estimates. Short-term momentum was still bearish at the time, but now it’s potentially positive because the 8-day exponential moving average (EMA) has risen above the 21-day EMA. MACD is giving a similar signal.
Another interesting feature is the descending trendline that was resistance between February and late April. Prices broke above it in 2-1/2 weeks ago and now it’s become support.
Finally, the weekly chart shows a bullish inside candle forming. That can be a sign of price tightening and preparing for a change of direction.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
ROKU to 380 by mid July.. BOOLISHPerfect bounce off 50% fib level after ABC correction
Breakout of falling wedge and retest of trend line and 38.2% fib level PERFECTLY
MACD bullish divergence
Super boolish. Waiting until over 350 to enter into calls will be safer play.
Roku stock get a new support level LONGRoku stock find a new support level after a long time period in my opinion its a Long term trade
$ROKU Trade Idea$ROKU Trade Idea
Entry: 345
Strike: 6/18 350c
Targets: 351, 356, 363
Support: 336, 328, 317, 308
@TradingView
@KyleTrades86
Long | ROKUNASDAQ:ROKU
Possible Scenario: LONG
Evidence: Price Action
TP1: 334$
TP2: 344$
Call options, Strike 350$, 06/11/21
Call options, Strike 330$, 06/11/21
Call options, Strike 332.5$, 06/11/21
Call options, Strike 325$, 06/11/21
*This is my idea and could be wrong 100%
