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ROKU

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4ROKU trade ideas

$ROKU bullish move is over and reversal formation is in place.I love to trade $ROKU. It was an awesome instrument for me to trade so far. Doing my weekly overview of the market and just saw that $ROKU just made it to my list of candidates to short. Double top, the stock is lacking momentum to go up, trend line breakdown with bearish candlestick formation right before that. I think that the bullish case for this stock is over. Long term I could see this sliding down 80% from its peak.
NASDAQ:ROKUShort
by Trade2Double
3
Roku on a kitkat break?So as we can tell that we are in the 5th wave as I also confirmed with the (MOM Divergences) and I am looking for an expected drop around (.236 to 0.382) but (0.382) more to my liking and yes you can say "Aren't (2nd waves) deep retracements?" Yes they can be but I am putting a conservative estimate on my goal post. I am also accounting in for Time frame based estimates with a (Trend based time frame tool). Again these are my opinions. As always happy trading : )
NASDAQ:ROKUShort
by GioThaKingo
ROKU Channel ReversalTrading conservatively within this channel from the covid lows of 2020, and discounting the rallies that broke out of it, it looks like ROKU is about to replicate this pattern reversal and touch the upper trendline. On each of these past reflexive bounces, the length and time of the rally has been fairly consistent and coincided with the MacD curling. After the recent correction in ROKU stock, the MacD is again curling and indicating a reversal is underway. Conservatively, and assuming we don't break out of the channel, we should see ROKU rally over the same length and time as the last 4 occasions. This should take ROKU to 420 by September 20 . This also lines up with the 50 percent Fibonacci retracement from the correction.
NASDAQ:ROKULong
by spxnqoptions