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 trade ideas
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.
$ROKU - Correction time$ROKU - No reversal yet, watch if bounces at 370 for calls, if not then can drop to 350 & 330
in the age of the blind, the one eyed man is king. roku formed a double top with heavy selling volume. Important angles were broken and a retest of lower support is expected.
in all honesty, i have never used roku. i only know it has something to do with streaming, maybe? no idea. this is purely a technical standpoint.
Proven Record of Roku Bouncing on Support Roku pulled back yesterday with Earnings and it has touched well on the Support Zone at $380-$386. Rebound on Support Zone with Volume during Market opens and with a Strong Uptrend. Clean Rebound on Support Zone Chart.
Chart post on 5th of August, 2021
Roku pulling back on trend line%th of July
Roku reported earnings yesterday and plummet down to some technical levels. Roku is pulling back to previous nice support and still on a strong uptrend. Look at how it bounces on the support zone and also higher lows.
Keep watching for these two weeks for a rebound with volume momentum.
ROKU Double Bottom On the Daily!You can see it clear as day after the beautiful C&H and pop last month! Another pop will be coming!
Lets goo!
ROKUOn 2/22-2-23 ROKU sold off from 483 to 381, and was able to bounce 30 points.
11/9, ROKU gapped down 8.6% and was able to bounce 4% at open that day.
5/7/20 ROKU gapped down 8.9% next day after earnings and was able to bounce 6% that day.
ROKU is at 384 (-8.6%) AH. If roku can hold above 380, it's possible to see buyers step in at open today.
If ROKU can't hold 380, it can sell off to 362.
Trade Idea: 8/6 400C (higher risk trade/quicker trade)
Roku 4hrEarnings sent it back down to the neckline, if it holds here, good RR to go long + gap to fill.
ROKU double TOP | Less Streaming Viewing55.1 million active customer accounts for the quarter and 17.4 billion streaming hours.
VS
55.8 million active customer accounts and 19.19 billion streaming hours. (The Bloomberg Consensus estimate)
The chart pattern looks like a double top.
ROKUPretty simple play here. A break and hold of bullflag heading into earnings . With TWTR and SNAP crushing earnings , I look for a much higher move here.
$ROKU - Possibility of reversal at $421 areaROKU is entering the buy zone and has a good probability to reverse the downtrend at around $421-$422.
If the reversal occurs at 421, there is a setup for PMG #Strat
