ROKU - breakout from Breaking out here from the resistance trendline and looking promising
💰 take profit: 134.7 / 141 / 154
📉 stop loss: 117.7
Starter
- add 129.58 / 130.87
0KXI trade ideas
Roku: Alt count Elliott wave - uber bullishThis is an alternate count which I have to admit has some minor issues. But overall there is no degree violation that I can see. Time will tell, but this looks ridiculously bullish.
ROKU: Looking for a decent move up (Elliott wave)Looks like Roku has finished a cycle wave 1 with a massive leading diagonal structure. The downturn might not be over just yet, but it is looking like the next move up is starting. Looking at the structure, the wave 2 should have had a deeper retracement than just about 50%. Usually a leading diagonal is followed by retracement over 78%. This may mean the current decline is only the first phase. We will get a decent B wave bounce followed by wave C decline. It is also possible that ROKU is in it's larger degree cycle 3 uptrend that started last week. In that case wave 2 was shallow and wave 3 can be very bullish. We should have an idea in the new few weeks.
Either we have wave 2 complete or not, the next move should be up. Even if we get one more lower low, on a larger degree we should be looking at a decent upward move for the next few months. There is no good way to tell what the next upside target will be at this moment. Things will start to get clearer as the next few waves structures start to build up. For now the upside target could go anywhere from .618 to 1.236 extensions from the last high to recent low (somewhere between 263- 704). At that point, if we have a choppy 3 waves structure rather than a clean 5 waves, it would be biased more towards wave B than wave 3.
All that is still far out right now. For now, I am building long positions with bullish butterfly options. The short side is only to protect against the downside risk. I did buy a couple of leap long calls but a very small position. My bias will be in line with what NDX will be doing in the new few weeks and months.
ROKU: 90 then 300 then 30Roku will not be returning to new ATHs anytime soon. If you are LTBH, stay far away. Traders can make some $ on the B-Wave bounce
Roku inverse C&HInverse cup & handle forming. Break below support & we could expect a drop to next possible support.
ROKU Pain Critical level at 102.60, break below this previous low at 102 should lead to a dive down near the next critical support area around 60 dollars
ROKU LONG !!Weekly support! Hammers on the bottom. RSI justbounced out of that oversold on the Weekly! Price gargets: 140, 178, 190.
Got my self some short term calls (expiring in 3 weeks, a little OTM)
$ROKU trading it 3/9Below 111 104-107 very possible intraday, 102.5 is HUGE level would roll up profits for a swing to downside (puts)
Not financial advice just saying if it were me, I would take the 105 P from 111 -> 104-107 & if 102.5 is taken out & market pushing down then would roll up into next week 95 P
market & $ROKU need to be pushing down
ROKU - Short Term Target - 29%+Looking for ROKU to hit the Upper Bollinger Band .
Confirmation happened, can open trade, preferred entry on next break between $128-$133
Stop Loss $125.
Target Upper Bollinger Band (Currently $181) - Target will be dynamic.
By the way - this is not investment advice...
ROKU - Bullish Shark Harmonic ReversalNASDAQ:ROKU just hit the harmonic PRZ level of bullish shark harmonic pattern. Stock might see a short term bullish reversal from here.
ROKU 1D Wolfe Wave 2/25 BullishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
ROKU doing well - looking for more upside in coming weeksThere are two trades here. One is a move back up to the yellow line. Next, if the line breaks, is a longer duration move up to 200+.
The yellow ovals mark three "waves" into oversold RSI and each one has gotten smaller.
Also note directional selling is over 40 and as this red line lowers and sellers come back in, price should get a boost.
ROKU - Double Top Play (Risky)NASDAQ:ROKU saw an incredible run up of about 10% yesterday, where majority of the market were still left bleeding.
Do note that this is a risky play at the moment, as NASDAQ:ROKU is at a strong support if you look at the weekly timeframe. Nonetheless, the risk to reward seems attractive at this level. This is because we saw a massive run up from the previous trading day at open. The faster the the move from previous price levels, the faster the drop when price breaks through the resistance turned support.
Conservative traders can look to enter if price reaches and gets rejected at resistance again as that would present a triple top setup.
Happy Trading
nice bounce on ROKU 👀roku seeing a nice bounce off a strong trend support, if it breaks above trend resistance we can target 170.39-240.40, if trend support breaks it can dip to 58.37-19.17
like and follow for more!💘
WATCHING $ROKU for entryWATCHING $ROKU for entry
This is my answer to everyone who requested ROKU analysis. When macD crosses back up that is where you go long… If I find another reason sooner than that I’ll post for sure… does not look, technically, like that will be soon, but i have alerts set...
GL
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
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ROKU fell 22% here is my complete trading planRoku & Netflix were victims of a return-to-work scenario. It will take a lot of work to recover from a 22% plunge. There will be a lot of volatile buying & selling in the red eclipse due to FOMO & FEAR. Monitor for a reversal pattern in the red zone specially when it goes above & holds the dma 20, then makes HLHH. After that SELL the rips as long as it is still below dma200. Stocks take the elevator down & the escalator up.
Fibonacci & RSI tells us that it will have a dead cat bounce to 145 before a continuation down to the psychological 100 level. Falling below 100 will signal very bad things to come.
Not trading advice.
Buy ROKU or long-dated calls. Stock has oversold to support.Technically, stock price has fallen to yellow support line and RSI has been oversold. Stochastic and directional volume also indicate that buyers should come in soon. I am watching price over next few weeks to buy stock and I am adding this to my "basket" to look for swing call opportunities.
I do not do fundamental analysis, but experts in this study indicate that Roku still leads in this sector and it still added more new accounts. The company will benefit from easing supply chain issues and management is taking a short term hit for long term growth. As markets start rising again in Q2 this stock is in a good place technically to make a strong price move up.
ROKU 2M Master Charttest
Roku, Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. The Platform segment allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs. Its product categories include Roku audio, Roku TVs, and Streaming Players. The company was founded by Anthony J. Wood in October 2002 and is headquartered in San Jose, CA.
ROKU LONG Roku has bounced off support and seems to have completed the ending diagonal.
would look for buy trades on this.
Another Potential Mirror Pattern $ROKU targets $70Another potential Mirror Pattern on $ROKU. Targets 70 measuring from the center of the mirror. Not great news for $ARKK.
I was not watching ROKU actively - this could have been seen as a possibility as early as the retrace back to 266!!
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Was the ROKU sell-off predictable?I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
Now, after the earnings, i see a retracement to the May 2019 level.
Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected
For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.
