ROKU trade ideas
ROKU will peak around August 2021. Safe buy until then.Roku has room to grow until August 2021. Around that time be prepared to sell or short it.
$ROKUEntry price : 456.91
Fundamentals :
- Sector: Leisure - Streaming
- EPS % Chg (Last Qtr): 141%
- EPS % Chg (Previous Qtr): -340%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 73%
- Sales % Chg (Previous Qtr): 42%
- 3-Year Sales Growth Rate: 49%
- Annual Pre -Tax Margin: -5.4%
ROKU - still strong and finding supportROKU dipped below a resistence-turned-support @ 443 briefly to test close to the 21 day moving average before closing as a pretty bullish pin bar on Wednesday. The stock has only retraced less than 50% of its recent AB swing up and has held well yesterday despite the overall market sell off.
Expecting this stock to continue it's uptrend with possible near term target @ 518 (162% fib extension of the BC swing upwards)
Disclaimer: 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. Thank you. Feel free to give me your thoughts ! :)
Roku Trade update and targetsIf you saw my last post and took my advice you definitely made some good profits. If anyone is in this trade, here are some of the moves that will signal more bullishness to come. The most important level for ROKU to break right now is the 61.8 fib extension level. Currently it's above that level but I want to see two closes above the level for extra conformation. If it can hold this level it should have no difficulty breaching the 500 level. Good luck
what an interesting setup into its earningtrading earning is a gambling activity; risk management through options help minimize the loss.
ROKU PennantROKU is consolidating right on the 20EMA in a nice bull flag. Technicals look good, could be a good day trade tomorrow as a run up into earnings if we see a nice gap upwards. However, ROKU is still unbelievably overvalued so some news from the earnings could bring the stock down closer to its fair value.
ROKU Ready for BreakoutInterested in ROKU calls/puts upon the breakout of resistance/support and increase in volume. I will personally just scalp it.
*The idea above is my own opinion and does not serve as any kind of investment advice. Please do your own due diligence.*
ROKU - Buy after the bounce and earnings?Roku currently testing the upper trendline of the daily stochastic and channel resistance. Likely retest of the 26 daily MA coming into earnings. Possibly a good buying opportunity.
This move today presents an amazing buying opportunity We can wait for the pull back and then ride this all the way till earnings.
hopefully=o
Blend Investing Walk Through using $ROKU as an ExampleAt first Blend Investing seems very difficult and complicated. In this first tutorial I wanted to go through some of the basics for blending in additional entries to a position, Risk Profiles and some really simple calculation.
I have used $ROKU as an example for this tutorial video which takes you through all 4 positions and why I have taken half of my holdings off now.
Roku Short Play on earningsI believe we'll top out this week around 460, i do believe however earnings will be a blood bath to the downside. Their TV's suck so all their money income is heavily relied on by advertising. Which i think is having problems. Thoughts, comment anyone?
ROKU found support at 21MAENTRY: 333$
STOP: 314.13$
TARGET: 377.62$
reason:
1. while most of the leaders are at their 50MA, ROKU found support at 21MA. looks strong, another uptrend might be coming.
don't forget to like and follow!
Roku Long Earnings run upRoku is well below its highs due to the market sell off and with earnings coming up fundamentally there could be an expected run towards the highs in anticipation. It is also retesting a fib level that has held twice already and sell volume is lowering and not able to drive price below these levels. If there is confirmation tomorrow and we see a turn in the candles this could be a nice long set up for a quick scalp of the pre anticipatory run up into earnings.
SL = 380
PT1= 420
PT2 = 440
PT3 = 460
