ROKU trade for upcoming earnings LONGROKU is here on a 15 minute chart. An anchored VWAP breakout from the lowermost bands
three days prior to earnings suggests to me a long trade through the earnings. The target
is on the chart as the recent high pivots and mean VWAP line. This is a swing trade of about
4-5 days expectant for a 6% gain and perhaps more with a call option trade to supplement
the shares.
ROKU trade ideas
Roku Test with Destiny A 2 year Support trendline A Buy?Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing.
This analysis is on 1 day.
Notice we have reached a Sloping Support trendline from December 2022.
We've had 2 touches previous that resulted in bounces.
Trendline theory states trendlines can stay intact for atleast 3 touch points.
Owing to the idea that our recent touch point is a solid area to take positions. Has a decent probability of a bounce.
On top of that we have the Blue horizontal trendline, which acts as an added layer of Support.
Incase the black trendline does not hold, this would be next lvl.
Stop loss/limit should be placed below trendlines based on risk tolerance. Small positions can have a larger % loss, vise versa.
Now to Support my theory of this buying a solid area to take positions.
I have 3 indicators.
RSI which is in Oversold conditions after 3+ months.
On top of that the momentum indicators MACD and STOCH. Are also oversold.
MACD is signaling a waning bearish momentum. As seen by the light red histobar prints.
We are looking for and eventually should see Green bars and a bullish cross. Which can bring in necessary demand we need for bounce.
Also STOCH RSI is below the 20 lvl, but crossing Bullish as we speak.
This must continue and a bullish cross ABOVE 20 lvl, will also bring in demand and help with bounce.
If we see bullish changes in the momentum indicaotrs, i believe there would be a even higher probability of prices bouncing.
So pay attention, be diligent and manage risk accordingly.
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4/25/24 - $roku +ve bias but watch - vrockstar4/25/24 - vrockstar - 2x sales, scaling on the opex line and 5 days to cover keeps me from wanting to short this esp after last quarter's result. but the setup looks more +ve than -ve here. the second order problem is a miss sense this into the abyss that's hard to dip buy and you're best to take losses - i don't like that sort of setup. so plan here is to chase a high quality print higher. will take funds a few days to reload and we can front run that post market. not convincing to play the volatile print. if i did consider a long - i'd cover ITM c's.
ROKU Options Ahead of EarningsIf you haven`t sold the Double Top on ROKU:
Then analyzing the options chain and the chart patterns of ROKU prior to the earnings report this week,
I would consider purchasing the 60usd strike price in the money Calls with
an expiration date of 2024-12-20,
for a premium of approximately $14.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Roku Grapples with Second Major Security BreachRoku Inc.( NASDAQ:ROKU ), the leading streaming platform, finds itself embroiled in a cybersecurity crisis yet again as it discloses its second major security breach of the year, exposing the personal information of a staggering 576,000 users. This alarming revelation has sent shockwaves through the company and its customer base, underscoring the urgent need for robust cybersecurity measures in an increasingly digital world.
The breach, announced on April 12, has dealt a severe blow to Roku's reputation as a guardian of user data, coming hot on the heels of a previous incident just a month prior. In March, the company revealed that 15,363 customers had fallen victim to a similar breach, wherein sensitive information including credit card details, passwords, and usernames were compromised.
In the latest breach, malicious actors capitalized on vulnerabilities within Roku's security infrastructure, exploiting loopholes to gain unauthorized access to customer accounts. While Roku ( NASDAQ:ROKU ) reassures users that no full credit card numbers or complete payment information were compromised, the severity of the breach cannot be understated. In nearly 400 cases, unauthorized purchases of streaming service subscriptions and Roku ( NASDAQ:ROKU ) hardware products were made using stolen payment methods, sparking fears of financial loss and identity theft among affected users.
In response to the crisis, Roku ( NASDAQ:ROKU ) has taken decisive action to mitigate the fallout. The company has initiated a comprehensive security overhaul, including password resets for all affected accounts, refunds or reversals for unauthorized charges, and the implementation of two-factor authentication for all users, irrespective of their involvement in the breach. These proactive measures aim to restore trust and confidence in Roku's commitment to safeguarding user data.
Amidst the turmoil, Roku's ( NASDAQ:ROKU ) stock performance reflects investor apprehension, with shares plummeting in the wake of the security breaches. The company's stock has struggled to regain its footing since February, signaling investor concerns about the long-term implications of the cybersecurity incidents on Roku's financial health and market standing.
Nevertheless, amidst the turbulence, Roku ( NASDAQ:ROKU ) offers a glimmer of reassurance by confirming that certain patent applications, including the controversial proposal to run ads on devices connected to Roku TVs via HDMI ports, are not currently being pursued. This clarification may provide some solace to customers amidst the uncertainty surrounding the company's cybersecurity posture and strategic direction.
As Roku ( NASDAQ:ROKU ) navigates the fallout from its recent security breaches, the incident serves as a stark reminder of the ever-present threat posed by cybercriminals and the critical importance of robust cybersecurity measures in safeguarding user privacy and trust. Moving forward, Roku ( NASDAQ:ROKU ) must redouble its efforts to fortify its defenses and reassure customers of its unwavering commitment to protecting their sensitive information in an increasingly interconnected digital landscape.
Started a position in RokuShould find support right around here. If not, I'll probably average down but I'll update this idea if/when that happens. Would consider selling some shares (maybe half of my position) around the 200-mo. EMA, which is also currently close to the top of the channel. Plan on buying those shares back near the bottom of the channel but want to keep some shares long-term in case it breaks out of the channel.
Can ROKU run before earnings? LONGROKU on a daily chart is sitting on support in consolidation since the trend down after the
last earnings report. In three weeks there will be another report. The prior report showed
negative earnings but it did beat the estimates while revenues were a mild surprise. I expect
ROKU has done some belt trimming to try to get expenses decreased while growing revenues.
My long trade here is from thin support but targets the Fibonacci level of a retracement
back to recent high pivots. The target is 80 representing 30% upside. A stop loss will be
initially set at 61 but then raised 3.5% every time price rises 3% to gradually tighten it.
I will take a good part of the hopeful profits off the table a few days before the upcoming
report.
ROKURoku has been slogging sideways for some time now. The problem is the bottom of the sphere and the base line beneath it are too close to one another. Price action can’t tell the difference between the two. Hence the whipsawing up and down in that tiny narrow range of 64-65.
The good news is the bottom of the sphere is finally beginning to curve away from the base and price action will soon be able to get back on track.
Forecast:
Price will slowly, slowly trend upward, finally breaking its $65 ceiling by April 10th. After a short battle at 70, it will fly up towards 75, probably getting rejected just beneath around 74.60 then probably dip back down to 72. It will meander its way to 80 by May 15th, 84 by the 24th, 87 by the last day of May.
Even if it doesn’t take my projected path, it will ultimately reach 87 by the end of May.
Slow and steady wins the race.
21 Jun $70 call.
Just in case at the end of May it becomes clear it’ll be testing its prior 107 high.
$ROKU looks interesting in this attempt to peek-a-boo towards 68I like NASDAQ:ROKU here, I just don't trust that the recovery is done. I think it still wants to test $60 and $59 for a quickly recovery and then goes. I'd favor long dated calls at about $70 with a put hedge in the shorter term around $60, perhaps even call spread 75-70 for April and 60 puts for March 28.
ROKU Support Bounce We see that NASDAQ:ROKU has started to bottom after earnings. The yellow circles below show that when the RSI has bottomed price has then risen. We also have a gap to fill after earnings and we are right on the trend line up.
I like shares down here along with some cash covered puts at about the $60 strike,
$ROKU - Buying HereLiking NASDAQ:ROKU at $63 here, buying in for a Swing Trade. Strict TA play.
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ROKU BounceOverall, markets seem bullish, and I expect some rotation into beaten-up stocks like Roku. The chart is set up to bounce off this rising trendline.
RSI is oversold. Anytime it has gotten this low, we have seen major reversals of this trendline.
Entry will be if we break above the last trading session's highs.
If the price holds below the trendline, I'll know I'm wrong and exit my position.
The average PT from the analysis is 80+, another reason for my bullish thesis.