ROKU trade ideas
Roku Still ClimbingThis is just an update to the previous post on Roku. When Roku was at 146 a few days ago I said "Roku is going higher, expect upside this week." This is just an update to the previous post I made. Still following the wave count perfectly.
I currently have Roku back in an uptrend after falling from 185 to 171 to finish the 1-2 of 3 of 3 of 5. So we have a 3,4,5 up to finish a large 3 of 5.
Symmetrical TriangleVolatile stock
I have found tops of candles often make good support. 168.8 looked like a good support level today when it pulled back. Support and resistance levels are important.... But they do not always hold up. The R of the S triangle will provide strong support..but it is pretty far away )o: After that, 142.8ish looks strong. today 170ish held
Happy Trading
Not a recommendation
ROKU on watchBullish in and above box. Likely on many traders watch lists for tomorrow. Potential for massive breakout.
Turning bullish on $ROKU ?Looking at the daily chart, there are few bullish signals for $ROKU:
1. It broke above the current down-trending channel;
2. It broke previous resistance level at around $135-136. Will need to wait for a confirmation/consolidation and level of new support. !!!! carful next big resistance is only few dollar away around 152-153!!!
3. Ascending triangle formation with higher lows.
Will monitor the stock in the next few days and weeks.
ROKU iHnS Breakout Projection$ROKU finally broke through two year supply after basing over the downward trendline. The inverse head and shoulders pattern is visible and a measured move of the break of neckline suggests 210-220 as target range. Can add around 163 with demand box support and an easy stop level. If price trends below green upper trendline, then we are susceptible to remaining within the upper range of a broadening megaphone pattern.
ROKUChart just looks explosive. Inverted h&s, triangle breakout, whatever you wanna call it, it just had its highest weekly close ever. Should see $211 pretty quickly.
$ROKU impresiona al alzaMuy buena semana cierra esta compañía de Streaming con sede en California. Fue buena, aunque algo arriesgada la entrada en el piso de la cajita marcada en blanco ya que anduvo moviéndose por ese sector por varios días así que me la jugué con stop corto por si acaso se caía de allí. Por suerte esta semana explotó al alza y ya se encuentra buscando máximos históricos.
Si se ve hacia atrás, ya desde la base del canal blanco se ve el famoso patrón primavera del indicador Koncorde, que es cuando luego de haber dado compra (linea roja penetra la sombra naranja) se ve cómo las manos chicas comienzan a comprar formando la sombra verde.
Hacia arriba el cielo, luego de meter el ATH en 177.54 aflojó tal vez buscando el pullback en el techo del canal blanco superior.
$ROKU $249 Fibonacci Breakout Target
ROKU finally gives the shorts a kick in the ass.
What a move on Friday, which resulted in a All Time closing high.
Risk now seems to be on the short side.
Targets to consider for continuation.
$200 - Key psychological target| resistance
$208- Fibonacci levels in confluence
$249 - Longer term breakout to Fibonacci resistance
Its is not going to be a straight line so caution needed on overloading position.
ROKU Triple Top Break OutBullish break out. ROKU reached all time high at 177.54, breaks above the Sept. 2019 high.
$ROKU potential breakout After breaking huge weekly downtrend resistance $ROKU formed nice well defined bull flag and ready to break out , good earnings announcement will accelerate the run .
Green lines = short term target .
I bought a ROKU stick but not ROKU stockI bought a ROKU stick but not ROKU stock
that was a mistake
they had a nice jump today but they left a gap - robots fill gaps - I will set a limit orders for 148-152. lets see if this thing can crouch down before it leaps higher
