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ROKU INC COM USD0.0001 CLASS AROKU INC COM USD0.0001 CLASS AROKU INC COM USD0.0001 CLASS A

ROKU INC COM USD0.0001 CLASS A

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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
$ROKU Oversold - Buy the Blood$ROKU Oversold - Buy the Blood This is the most oversold this stock has been since the pandemic market lows of March 2020. I'm expecting a bounce here sometime in the next week. Great company with solid earnings. This selloff is overdone in my opinion. Avg analyst price target is about $408 right now, with vast majority giving it a Buy rating. Near term target: $275-$300 range possible by year-end Note: This is NOT investment advice. Educational only.
NASDAQ:ROKULong
by Triple_Barrel_Capital
3
IT IS TIME for reversal! $ROKU stock analysis.Hi everyone, Today we are tackling NASDAQ:ROKU stock price downfall. Why has it been falling so hard for the past couple of weeks? In fact, Roku stock has been losing in price every month since July. And losing a lot. It is now trading at 50% below July's highs. That's insane. Roku was a major COVID theme play, as everyone expected the stock to benefit from lockdowns. Indeed, it had grew massively and was overpriced in July-August. Is it a hopeless stock now? As practically all COVID-benefitting stocks in the past month, NASDAQ:ROKU stock was losing in price. After Q3 earnings report it dropped another 15% in a week. Although the report was not terrible. My verdict : the stock is now suffering for its massive overvaluation by the public. The Analysis. From a technical standpoint, it is almost time for a huge reversal. Looking at the last year's Volume Profile, we can see that 311-362 price zone saw the majority of volume traded with a POC around 317 . Now the price is far outside the Value Zone and approaching a support line. Price surpassed important 272 level. I expect the stock to reach 200 zone in a near future for a buy. Although, it is a conservative lower risk play. Stock already poses a pretty tempting buy opportunity. In the long run, I expect the price to test orange resistence line above. AND if we break it, honorable return to high-volume zone of 310 and above is due. As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NASDAQ:ROKULong
by AyBe_Invest
Will ROKU reverse?Despite positive earnings ROKU stock price suffered. With a recent rejection at the top of the channel ROKU could use the bottom of the channel as support. $271 is an important support level, a price bounce off the support level would act as a potential entry. ROKU is just above 30 on the RSI. Indicators shows a slowing in the bearish momentum yet it is not bullish. Bounce off $271: Entry: $276 Price Target: $285 Falls through $271: Entry: $266 Price Target: $251 There is small gap that has yet to be filled. If the price bounces that gap could act as the next support level
NASDAQ:ROKU
by christianmartin4746
1
Short this stock right? Wrong! ❌Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. horizontal price levels are working pretty good on the stock 2. globally stock in an uptrend locally in a downtrend 3. the level confirmed by touch and false breakdown 4. distant test of the level 5. approached with big bars 6. the stock made a move down 44.49% from the highest point 7. there was no accumulation 8. the stock closed above the level 9. from this level was made a move to all-time high 10. the stock has room for a move 1 to 5.1 11. broken model descending highs 12. Roku Announces $15 Roku LE Streaming Player Exclusively at Walmart for Black Friday on November 15 13. price came from the upper side, and we can see that someone does not let the stock go lower 14. the stock has the potential for a big move Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$ Please, support our work with ❤️
NASDAQ:ROKULong
by unfair_advantage
4
ROKU in a beautiful Log channelAbsolutely gorgeous 3 year logarithmic channel it's formed here, almost flawlessly parallel. ROKU has bounced definitively off these supports and resistances six times, and it's looking like it may bounce again. MacD is open bearish, but RSI supports the notion that the stock has been severely oversold YTD, and is ready for a reversal. It has managed to avoid numerous instances of bearish RSI divergence, and posted a clean RSI double bottom (Class C hidden divergence) leading to it's most recent move to resistance. I would wait for reversal confirmation here, but this could be a fantastic BTD scenario.
NASDAQ:ROKULong
by ITMmatty
3