Roku setup for gap fill at 455Interesting risk and reward for both long puts and calls. Roku closed slightly under the 6 day ma. A break below the 8 day ma opens the door down to the 21 day ma which is approx. 10% drop; however, if ROKU closes above the 6 day ma then there is a gap at 454 which is approx. 10% move higher. Although there is no squeeze setup on the 78 min time frame, there is a setup on the 39 min with yellow D breakout levels. We have monthlies for this particular setup and remain extremely bullish. Losing for ROKU to take out 52 wk. high and run toward the 500 psych tgt.
0KXI trade ideas
$ROKU Falling Wedge Into Support$ROKU Falling wedge tagging the 9d ema line today - high probability of a near term bounce from here.
A close below that line this week could mean a retrace to $400 coming.
Near term price target: $480-$500 range by mid-July
If I was looking for an options play with the best return imo, I'd be looking at the 7/16 $460 calls currently going for about $5.40 or $540.
Note: This is NOT investment advice. Educational only.
ROKU SHort Term Short?ROKU has made an impressive rise from about 350 in a very short space of time.
Could the medium term bulls be taking their foot off the pedal allowing short term shorts to wrest control of the market?
ROKU is a strong company and any short term drops will give long term players to load up on cheap stock.
If you are entertaining any shorts in this market then do so at the risk of getting runover.
For the day trader playing the long and short sides of the market presents great opportunities.
A second day of lower prices is a possibility given the 5% down move from yesterdays trading.
ROKU**News came out today about Apple buying Roku remote button for Apple TV+ app.
Call sweepers were active.. 95% bullish call flow. 2 Dark Pool Prints $100M+
Today was a great example of waiting for the right catalyst aligned with a key level break.
448 was the entry. ROKU can make a run towards 486 by Friday this week if it can hold above.
Trade Idea: 475C 7/2 BID/ASK: 3.90/3.95.
ROKU - best high growth stock with VCP breakoutROKU's 2021 Q1 sales growth was 79%, where platform sales grew 100%. 2021/6/17 MACD crossed up 0 and finished a near 4 month VCP. Then the stock broke up 3C $355 with increased volume reaching pivot price $426. The stock is a buy under both fundamental and technical analysis. If it pull back to 20 wma will be last chance to enter.
Update, short ending to ROKU's parabolic stepI see a great short opportunity on ROKU. last time this stock was overextended from the BB it gave a great call opportunity. Now i believe ROKU will give a great short opportunity but not before closing the gab at 432 which is also one of the levels on my Fibonacci levels. If it gaps up again extending its overextension of the Bollinger bands, then i will heavily short this going on into next week.
again, Short term bear long term bull on this stock.