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ROKU INC

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ROKU trade ideas

$ROKU potentially found Bottom with Volume at the 0.618 FibAfter a major Bear Run that started with a double top at $490ish... It appears that ROKU found bottom with volume around $197 region which equates perfectly to a 0.618 Fib Retracement Pullback. Risk and reward should be high and adding to ROKU on any down days post bottom should be beneficial for investors. ROKU has an attractive valuation at around 10 PS ratio based on 2022 Revenue Sales with approximate guaranteed growth of revenue around 30% or more. Additionally native content from ROKU has proved popular with the most popular movie/video in the world right now.
NASDAQ:ROKU
by jleitzs
Trade Idea on ROKU | What I want to see before tradingToday we will take a look at ROKU. What can we see from a technical perspective? a) Currently, ROKU is on a Drawdown of 60% from the previous ATH on JUL 2021. And if we take the first top on February 2021, we have been on a drawdown period of 290 days + b) The main bearish structure we have right now is the descending channel. While the price stays inside that structure, I will keep thinking that the price is on a solid bearish trend. However, based on past behavior, I think we may see a breakout soon. c) OK, what do I want to see before trading if the breakout happens? So, the first filter is the breakout, and after that, I want to see a 5 to 10 days structure with the proportion you can see on the chart (yellow ABC flat pattern). d) IF all the previous filters happen, I will open positions on the green horizontal line (new local high), stop loss below the correction, and target the last broken ascending trendline. e) The risk I will be taking on a setup like this is between 2% to 3% of my trading capital. The expected duration of the setup (if everything goes as expected) is between 30 to 60 days. f) It's important to say that if the filter doesn't happen then, you don't trade :D that simple. And if the filter happens and the trade is executed, the odds of being right is around 50%. However, the risk to reward ratio we will be looking for here is around 2.5 Feel free to share your view of the current situation in the comments! Thanks.
NASDAQ:ROKU
by ThinkingAntsOk
1
ROKU Beautiful Breakout (ABCD Pattern)This morning ROKU gapped up at open above 221 resistance and rejected 239 resistance, but shortly after continued in an uptrend, forming a textbook ABCD Pattern. If you bought at the dip (Point C) or shortly after the price broke above 239 resistance, you got some nice profits and were able to ride all the way to Point D if you sold at or above 252 Resistance. Although ROKU continue to move upward towards 260 by EOD, my initial price target was 252 resistance and it was a beautiful trade. Support and Resistance levels with a basic understanding of chart patterns is all I need, it isn't necessary to make things overcomplicated, keep it simple :)
NASDAQ:ROKULong
by ChaseMColvin
ROKU looks oversoldROKU has not performed well over the last few weeks. It has been under heavy selling pressure since its last earnings report. I am considering a long position for 2 reasons. First I believe that the stock has sold off to an area of consolidation that may interest some buyers. It is a zone between 218 and 228 (rather large range). Secondly, and more importantly, the RSI has shown a reading of below 30 for a while. Historically if RSI has been below 20, it has proven to be a good buying opportunity for this stock. I think that a close above the 5ma will be a sign for a reversal of momentum. I think an acceptable target is 240 and then 245 after that.
NASDAQ:ROKULong
by Decam9
Multi-Support Reversal Long: ROKU 220Primarily looking for a reversal play, the drop represents a nearly 50% pullback from the 52-week all-time high. ROKU bounced several times from this critical 220 level. Established a respectable buying volume profile around this level, with additional support at a $200 inflection point. The chart is curling with a cup and handle pattern forming on 4Hr chart Holding long term trendline support and regressional channel Fundamentally driven trade, high-growth large-cap Adtech trading at 8.4x EV/Sales NTM. Timeframes Used: 1 Day, 4hr, 15mins Entry: $220-230 Exit: $255 Partial, ride rest. Stop: under $200, near 15% stop loss
NASDAQ:ROKULong
by johnnyh98