what an interesting setup into its earningtrading earning is a gambling activity; risk management through options help minimize the loss.
ROKU trade ideas
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
$ROKU trying to turn the cornerAfter resisting at 440 and selloff this week held 20 MA today. Needs to break out of descending channel and another potential run. 418, 430, 440
Short it1.Fell out of its channel monday
2. fell through supports 418 and 407 yesterday (Yellow lines)
3. first target is gap close at 379 if that doesn't hold I'm going for 344
stop loss at 407
Roku Volcano or Moon?Roku Volcano or mewning?
Volcano Option: Risk potential SHORT stop loss around last high
Moon Option: BUY 360-380 Stop loss 340-350
The Big Short (ROKU)ROKU insane short opportunity in the works. Gravestone Doji on the weekly timeframe. Wave 4 ideally would hit the 0.236 to the .382 retracement, which lines up with the median line of the Schiff Pitchfork. Additionally, there is bearish divergence on the daily timeframe on the RSI. The streaming service is quite saturated and some competitor news can drive price down.
ROKU ShortRoku has been seeing this trend, with being overbought right now, I think it has touched its upper trend line and is about to dip. I've only been trading for 2 months now so please correct me if I'm wrong.
ROKU Short Opportunity! Thanks NFLXRoku is setting up for a 418 test with a possible sell off to 407 lvl tomorrow 1/20/21 . We can see a double test of the 426 support area with nice bounces each time. Another tell is the follow through of the bounce at the 426 area, todays bounce puttered out at 435 with no continuation.
My plan:
1/22 420 put (3.4/3.65) on 426 lvl break (quicker momentum play)
1/29 405 put (5.45/5.55)
*ideally I would like ROKU to rally at open 430-437 range before failing, I will look to begin entering puts then
Indicators:
- MACD cross over on 30 min chart.
- Daily RSI overbought, MACD beginning to head down
- approaching a LVN on volume profile, Daily POC in showing stronger price action at 411 area
Sector Divergence: from 1/4 to 1/19 NFLX fell to a max of -10% (touching 485 area) , in that same time period 1/4 to 1/19 ROKU exploded 41%! It rode the back of price upgrades and sector hype but now we see that flowing into NFLX today!
levels provided by EliteOptions
