ROKU IDEA ROKU tested previous resistance zone at $340.00 $360.00 unable able to break through. has a double top that has bee formed watching the break of $271.00 if that support is lost next level is $228.00
271 remains the key level
0KXI trade ideas
New Roku Calendar Spread LevelsThis is in reference to:
The strike was changed on the original idea to maintain as neutral a position as possible.
WATCHING $ROKU for 247.97 - Key Levels and Analysis WATCHING $ROKU for 247.97 - Key Levels and Analysis
So this is a little bit of a longer view… Looking for 248 level to start a position.
Earning’s on Nov. 3rd so I’ll look at it again after that… GL.
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Falling Wedge On dailyRoku has been in a rough bear market for the past 3 months, however as we can see there was a quick breakout of the yellow line and now retest after touching the red. We could see it continue down through the support and further down (supported by the massive weekly double top from months ago) past that, or a bounce off the yellow line and breakout above to restart the bull run.
$ROKU | WEEKLY WATCHLIST 11/1Make or break level for Roku here. We must see a strong bounce this week ($25+ bounce) or else it looks quite rough for the outlook of this one...
Moving Averages are consolidatingMoving Averages are consolidating and look like they are going to crossover on the earnings announcement
I think its readyLooks like its setup for the next wave higher. I like this setup to initiate a long.
ROKU finding its bottom here! ready for a push higher🤩hello traders! lets take a look at ROKU today.
We are currently sitting at a very strong support zone that has been tested many times in its previous history.
with 9 previous bounces around my blue zone, I think its safe to say this will be the 10th bounce... We also saw a breakout from its downtrend and then a retest shortly after. This is a very bullish pattern and tells us bulls are still in control for now.
stop loss 285, price targets 375/398/430/491
ROKU hammerROKU had a very nice hammer on Friday with increasing volume at a great great location. The only concern is the daily 50 pushing down. This is a nice set up to consider but I will wait for one or two days. If it breaks out, I will buy a retest. If it trades sideways, I could consider this stop limit breakout.
ROKU LONG OPPORTUNITY NASDAQ:ROKU is currently looking very bullish. Long position placed with 6% take profit, as shown on the chart.
Good luck,
Your Ganbu
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ROKU base breakoutROKU is working on the 339 pivot. If it breaks a move to 370 is possible. My play would be to wait for the break then play the pull back as ROKU has a tendency to give up gains quickly. Not interested anymore if it falls back below the box. Targets would be the fibs above. This would be a pre earnings play so would not hold through earnings.
ROKU weekly tgt suggests 600 by Jan 2022Weekly EW wave assumption is that wave 5 is still developing and assumes a 1.272 fib tgt of 600 in Jan 2022. I have ROKU 380C for next week and expect price to moveo to the 369.54 which is the mean value of the weekly bollinger band. Upper bollinger band tgt suggests 462.03 and Weekly Darvas channel tgt suggests 490.76
ROKU WEEKLY idea Supply & Demand zones.ROooKU SUPPLY & DEMAND + POSSIBLE WEEKLY Swing idea???? S/O PUPZ
$ROKU NEXT STOP THE MOON! 🚀🌕 - Swing Trade
- Price Action bouncing from support (GreenBox)
- Greenbox serving as support since late January.
- The last daily candle looks bullish and pinned.
- Earnings on 10 Nov 2021
PT Inside RedBox.
ROKU log chartThis is a ROKU monthly log chart. Looks much easier to understand. The 21month MA is the current support.
$ROKUI like roku, Daily bullish engulfing candle, closing above the 50 SMA, and the highest close in the last 5 weeks top of value, breaking our previous high of 339 making a push for higher highs. I like
NQ also picking up its 50 day SMA and just looks bullish, I have conviction.
I’m grabbing a 350$ 10/29 C
We’ll see!
ROKU bull wedge, target 380-400earnings coming up early november. we have seen this wedge before. beware possible triple top - I wouldnt get greedy here. while it looks like a 450-480 could happen, i'd do some trimming at 380-400.
ROKU - on the recoveryROKU had a bullish divergence on the weekly 2 weeks ago with a bullish pin bar weekly candle.
Since then the daily has been steadily trending with large daily up candles followed by a few days of tight consolidation and then another large daily up candle (higher highs and higher lows).
I initiated a long today with a tight initial stop loss a couple of $ below today's candle low @ 320.80. Looking to scale out on the way up with trailing stops. Price targets given are just suggestions for short term traders as the stock might consolidate along these levels.
p/s watch out for earnings on 10th November. Take profit prior if uncomfortable to hold through earnings.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
Roku 10/18 Analysis ROKU: Weekly Contracting Triangle Forming In Wave 4.
Long Term - Watch For A Move Up, Rejection, Retrace, Bottom Out!
Weekly & Daily TF Looking Bullish, While Smaller TF's Leaning Bearish. Potential Short Term Retracement Towards 320 After Its Recent 40 Point Rally Over Last Week & Half. Hidden Weekly Bullish Divergence On RSI.
Weekly Target For Wave 5 Could Rally Us Towards 600+ PT - Keep ROKU On HIGH Alert Over The Next Couple Months!
$ROKU just hit 3rd leg of Shark patternJust dumped to the 1.13 exactly on the C point of a potential Shark. PT is the .886 or 1.13 from here.
ROKU - Breakout Bull flag ROKU -Broke the bull flag. **
Current price is at huge volume shelf. ***
Very bullish with revers head and shoulder pattern. ****
ROKU double top. >>365-405 >>170ROKU printed textbook double top on daily chart over last 10 months. I am seeing about 10-20% upside from current levels to $365-$405 range before stock goes lower. Height of this double top ($170) suggests downside target of $130. Old ATH from last year around $167 can be visible on the chart and should act as a support for a bit before price eventually reaches $130. I tentatively have mid Feb of 2022 as time target for $170, but I’m not very confident about timing (purely using my AAPL downside timeline in my previous Apple stock analysis).
These are just TA, they spot patterns that were identified in the past and resolved in the similar fashion.
My guess that during last 10 months insiders/owners sold large portion of their shares (either to public, ETFs, funds), hence we witnessed huge volatility. (Would be nice if I had time to dig in and verify my assumption). There seems to be an increasing competition from other streaming services, as barriers to entry diminished. At this point it looks like content owners can either sell their products directly to consumers or have upper hand in negotiating/renegotiating contracts with streaming service providers.
