Triangle pattern Triangle pattern
I expect that price rise to 297
maybe there will be a pullback before rising
ROKU trade ideas
ROKU Revenue and price growth extrapolationA simple extrapolation of revenue and price growth sees ROKU shares exceeding $240 about a year from now.
ROKU Retrace downDivergence spotted on RSI indicator. Reversal signal #1.
Morning Star candlestick / inverted hammer at top of uptrend. Reversal signal #2
Overbought on RSI. Reversal signal #3.
I'd like to see how it reacts at the level below.
Daily Candlestick PredictionHere is my daily candlestick prediction for ROKU. Using the measuring tool, the bear wick is bigger than the bull wick and with previous charts supporting the stock to decline ( linked ) I am confident in this daily candle prediction.
$265 A Share Before ThanksgivingExpect ROKU to hit $265 a share before Thanksgiving since it has fallen below support on the 15min chart. Currently during the last hour of trading a new resistance will be tested but I believe it will fail and we are in the start of a bear cycle. I have it hitting $265 tomorrow and that is a conservative number. Could go lower, tomorrow I will decide if I sell out or hold another week. I would like to see it fall below support on a higher scale. This is a great start though and could continue for quite some time.
Comment your thoughts below, should I hold past Thanksgiving? Or should I take a small profit and run?
I respond to every users comment and love hearing from you guys so don't be shy.
Also smash the like button if you are a ROKU short.
$30 Correction PossibleA lot of popularity around ROKU, the stock has been on a bull run for quite some time. Having an RSI over 70 for such a long period of time, and sell signals are popping up like crazy. The last 45min segment of todays trading period can be the start of a correction. A downward bear crawl to $246 in a very short period of time. A $30 correction has happened in the past and can happen again. With growing bearish divergence and weakening buying strength, we can expect a correction to happen soon.
Comment your thoughts below if you are a ROKU bull or bear and what your prediction is. Would love to hear from all of you!
Roku looking amazing and reaping nice rewards since last postLast weeks post we came long at 259, so at 275 we got some nice profit taking!
Look at volume (decreasing) and gap up.
right now looks like a good place to take profits and wait for new confirmation of upward movement
going long above >277
Short Of The YearRoku is positioned to be my short of the year. With the Bollinger bands giving a double sell signal, Divergence+ giving a triple sell signal, and a RSI that has sat above 70 for a record amount of time this month. We are positioned for a very strong sell off. Roku is simply overbought and the bears are getting stronger and about to have full control of this stock. The red shadow above the recent candles shows divergence. The best indicator to look at is the MACD at the bottom of my chart. Paths have crossed at the top and will fall as the bullish volume bars are declining rapidly. If you look at the difference in price indicator, ( a script I created ) you can see that the price change per candle on the 45min has become less volatile. Expect to see some spikes like on the 9th except these spikes will be downward price movement. My strategy is to buy ROKU within the first 30min of the open. It could jump in price with Monday Morning Market euphoria, and begin to trickle down from there. I have a target price of $247 and I believe that can be reached before the end of the month. I plan on purchasing 25 contracts with a strike price of $250 expiring 11/27. Looking to make my biggest options return of the year. Apple still holds my record for this year at a $6k profit but I see potential to make $10k+ with Roku. Follow to watch the big win, or loss.
Comment your thoughts below!
ROKU updateRoku at the top my channel, i can see a pull back to 245 and a possible bounce. Roku blew right past my 255 PT last week. If it carries this bullish momentum im seeing 290. support at 236 watch for breakout of that support (red) trend line.
ROKU ShortPersonal use only, big sell opportunity for mega profit.
Proof given in the chart
My Position
$250 put 12/4 Buy Rating 5
ROKU on watchHoping for a pull back before a breakout as ROKU can just run away off the open or make the move pre market so if you are not in it already
it is hard to play. Look for consolidation in the box then a break. Its important to be patient and extra careful trading this one as it has a lot of intraday
range and Friday can be a tricky day to trade on.
$ROKU Watch out for $300, 📺📺Fibonacci has been right so far.
Potential Fibonacci targets for Roku -
So far the stock has respected the levels very well
and we have nailed the calls despite the trolls.
The stock has huge momentum behind it and attracting lots of attention,
! thing to be weary off is the divergence on RSI but that may get worked off with few
high volume days.
Alert set for $258. with $270 short term target.
Very possible this stock has a $300 label in the medium term.
ROKU - November 19, 2020ROKU is testing ATH here again into the close. ROKU moves quick and will either break through and continue higher with strength, or will reject and come back down to cool off. Looking for a significant selloff before trading ROKU as I cannot be a buyer at these levels.
$ROKU ROKU!!!!After basing at 228 level, pushed higher towards ATH, if it can break 255, 265, 277, 300. Yes 300 end of this year is very possible scenario … lets go lets go
ROKU bull pennant?Watching ROKU here for a breakout of this bull pennant if it fails i see a bounce at $229.32 back to $255. Under 225$ price is going to support at 218$
my plan: SWING 255C exp. 11/27 1.42 - 1.56 scale in at open or if its up pre market enter light on a dip ($229.32, .618 fib), mental stop loss or avg down at $225.80 (.786 fib)
congrats to longs hereif you got in during the pandemic dip you are eating good right now. great longterm investment with a pt of 350-400 by december 2021. but nothing id grab calls in myself (shares>calls here). thats just me though :) gl !
Earning day importance in stocks . On attached chart we see how earning day is crucial on determining the future of the stock price .
Roku plunged -50% after placing a bad earning day .
Do not be a vacuum trader , always look to the big picture . (Daily chart)
