ROKU GO LONG
Price after forming double top formation retrace back 32% form green candel near trendline!
For entry and targets mention in chart
ROKU trade ideas
Long $Roku ($QQQ $SPY)Holding near Major Upward trendline
Holding near 100 SMA
First Target 376$
Stop loss : 338$
Watching for the ascending triangle on ROKU Weekly candles have formed an Ascending Triangle on ROKU, breakout price target of $800 Possible for ROKU!
Looking for a bounce off this support level at 350!
$ROKU close to 50 MA on weeklySeems like it is holding up so far. If this level breaks can see 327, 300, 290
ROKU ReversalBounced off of long term trendline support. Backtested short term downtrend. RSI curling upwards.
Strong fundementals and a headfake downgrade by the experts. All positives.
Some upside but will stay in correctionWe are going to go back above $400 and then drop again. If i see market green, might go long for next few days. But careful as Wave B is choppy and can retrace anywhere between 38% to 61%.
Roku looks resdy to moveFalling wedge.
Rsi oversold.
Looks to have bounced at 200 ma.
Another possible swing set up.
This is a good long term company as well.
325 can be a good entry for long term and a safer entry but now may also present itself as a good possibility.
Pt 1: 380
Pt 2: 400
Quick analysis on ROKU. My very first StreamGreetings All,
This is my first (and likely last) video analyzing a stock. I simply wanted to test the efficacy and efficiency of video streams.
BLUF: ROKU is bullish toward a $400 retest, but bearish overall.
Happy Trading!
$ROKU - About to hit 233 EMA dailyROKU - About to hit daily demand zone, 233 EMA, RSI at 30, expecting some reversal soon
ROKU Cup & Handle - Is Now The Time?I'm expecting bullish momentum this week.
Pros:
- Potential bounce off the 200MA
- Great ER
- Bullish Divergence forming on the hourly chart
Cons:
- Potential "Double Top" pattern
- Strong Bearish Weekly and Monthly candles
- Handle is extending more than 50% of the cup. This may break your rule regarding this pattern.
A bullish bounce, if strong enough, could carry ROKU to $400 within 2 weeks. I'm swinging $400 8/27 Calls. I entered on 8/13 at 3:59pm lol
ROKUROKU has been going down lately and it could hit 200ema in the next day or two and could be a good reversal zone to start going up again. If this happens, that's another higher lows for a more bullish move.
ROKU Future OutlookNASDAQ:ROKU
This chart is indicative of neither upwards or downwards movement and is intended to represent visually that both events have a fair chance of developing in the near term future. Downwards trend prediction is something I myself struggle to see and have been working on improving my foresight in the hopes of producing more favorable results. Please feel free to comment and/or point out anything that could be done better or that you agree with even, much appreciated.
@nicksette1993
ROKU Relief bounce playLooking for another drop here into the 200sma and my buy zone (green box).. I am hoping patience will pay with max risk to reward being in that zone. One can nibble in the 366 - 356 area. Targets would be to 390/394/400.
TrendyTrades: ROKU AnalysisI see two possible bounce areas. One is inside the channel, the 2nd is outside it. Watch for price confirmation.
ROKU - Reversal ComingHeld the 200 SMA back in May. Additionally, trendline support present at 360. Short term bullish with oversold condition.
Long Setup on Roku, positive money flow divergence setupDark pool has started to print positively, price is right at the D200, BTD isn't a bad idea. 450C strike 36DTE could be a good selection for short to mid term play.
ROKU 5 Waves DownROKU looks to be in a 5 wave descent, near end of wave 1.
I like the resemblance to the previous 5 waves down, and seems like a logical path for this stock to test its channel bottom/50%.
ROKU Bottemless BrunchWell it finally broke down. Chart is just ugly all over. Probably wants to go oversold on daily RSI.
