0KXI trade ideas
Long ROKU Wave 4 possibly complete. If this count is correct we should see 5 waves to a new high. Invalidation level is shown where wave 4 would overlap wave 1.
ROKU looks ready for another breakoutIt appears ROKU was ready to set sail but got set back due to the market selloff that occurred last week. The selloff didn't seem to effect ROKU that badly and the down volume on those days were low. Unless the market decides to keep falling, this seems to be a clear buy.
Cup and Handle Breakout in Roku?Roku was one of the market’s most explosive growth stocks in 2018 and 2019. It’s chopped around with the rest of the Nasdaq during the time of the pandemic, however recent price action shows some interesting relative strength.
First, ROKU made a new 52-week high on Monday, even as the Nasdaq-100 hit a two-month low.
Next, ROKU bounced at its 50-day simple moving average (SMA) several times this month.
Third, the stock has two near-term support zones in play: The early-September high around $180 and the and the recent area between $170-175. Depending on the state of the market, a deeper test shouldn’t be ruled out.
Finally, the longer-term chart shows a cup-and-handle on ROKU. March’s low is the “cup,” followed by the “handle” in June.
Fundamentally, ROKU has some catalysts. Monday’s rally came after the company reached an agreement with Comcast over NBC Universal’s Peacock App. Even before that announcement, ROKU announced strong results on August 5, with earnings, revenue and subscribers all beating estimates.
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$ROKU longs BEWAREPolice cars revolving lightATTENTION $ROKU LONGS:
- $ROKU had a strong move through its symmetrical triangle breakout
- This was confluent with news of NBCUniversal’s Peacock app launch
- We are now approaching our channel resistance... WATCH for a POTENTIAL REJECTION @ 197. If 197 breaks, 200 could hit
ROKU - 4 TOUCHES @ 147.66 and now off to 246.65.Based at the range of 147.66 and now ready to ascend to the next target.
$ROKU Breakout Targets
Shorts once again got caught on the wrong side of the trade on Monday
as the company announced the contract with Comcast.
Still over 7% in short interest can add more fuel as momentum and possible
upgrades in the days to come entice new investors.
It is never plain sailing in this stock so you have to be prepared for considerable pullback.
Targets to consider for continuation.
$200 - Key psychological target| resistance
$208- Fibonacci levels in confluence
$249 - Longer term breakout to Fibonacci resistance
$ROKU 1 Year #Head&Shoulders Continuation #ChartPatternBig day for ROKU that sent the stock to ATH, breaking out of 1+ year continuation head and shoulders chart pattern. If the market stabilizes here, this stock's path of least resistance is much higher prices.
ROKU LongROKU beautiful bullish setup. Gets strong support from 50MA and 50 RSI.
Trend inside ascending channel and after small pullback to 50MA. If break above the the dash orange line, it will be good opportunity for Long.
Buy > 166$
Stop < 157$
ROKU breakdownThere is a strong channel from $151 to $159, if we break that trendline, I would expect a breakdown to that $151 mark fast. This would give short term puts nice profit while allowing long term buyers a time to buy, alerts set for a break of the yellow trendline.
ROKU BounceROKU has ran up significantly in 1 trading day to reach the top of range and run into resistance at the $185 area. It is highly overextended on the intraday level on the hourly and 15 min charts. I suspect a bounce back to support at 174
$ROKU Offering a Second Chance Entry?I missed my entry on this one on September 15 after it's confirmation of bouncing off the 50 day. I'm hoping for a drop and reverse tomorrow ( meaning it drops below today's low and then reverses and moves higher). If that happens I'll take a small position when it moves back over today's low (will be yesterday's low tomorrow). If it does not drop and reverse, I'll wait for it to move over today's high around $168.13. All TBD and also based on a good market and higher buying volume. Ideas, Not investing / trading advice.
Rallying despite the Nasdaq, S&P 500, Dow Jones correction #2This stock is outperforming its market very strongly. It painted a beautiful "Ascending Triangle" pattern on the daily chart.
If we break the 185.59 resistance level than we might reach the next price target very quickly. (212.4-219.5)
ROKU 1D 3 BAR EMA TRADING STRATEGY3 Bar EMA Trading Strategy
The EMA stock trading strategy can help us follow the price strength with one simple twist.
The twist is using two exponential moving averages with the same period, but calculated using two different sets of price data, namely:
The bars’ lows.
The bars’ highs.
Note* the inputs for both EMAs is 3-period. So we’re going to have one 3-period EMA applied to the lows and second 3-period EMA applied to the highs.
We can use the two 3-periods EMAs trading to locate chart zones that have the potential to signal short-term trend reversals. If we combine the two 3-periods EMAs we increase our odds of success.
Why are we using 2 exponential moving averages with the same period?
First, you need to keep in mind that the exponential moving averages are not magical tools. But, by using 2 EMAs with the same period, we accomplish two things:
We encapsulate the price between the two bands.
They can be used to form the basis of an EMA trading strategy that works.
EMA trading can be used in countless strategies, but they don’t equally perform the same.
Now, here is how to use the best EMA trading strategy.
For buy signals, we wait for both EMAs slopes to turn upwards and leave behind a sharpened EMA slope. There is no better way to explain this than by showing it directly on the price chart.
Note* There are going to be some instances where only one of the two EMAs is going to display a sharpened slope. However, the best EMA setups are when both exponential moving averages show the same thing.
Everything is simple with this strategy and as such we close the trade once we break below the 3-period EMA that is based on the low prices.
In case you haven’t noticed the two 3-period EMAs are doing a great job in eliminating the noise and reveal the trend direction. If you look closely you’ll notice that during uptrends the price has the tendency to stay glued on the 3-period EMA that is based on the highs. On the other hand, during downtrends, the price has the tendency to stay glued on the 3-period EMA that is based on the lows.
Now, here is an EMA technique that you can use to take advantage of this price behavior.
For EMA sell signal, wait until you see three consecutive candles that have the open and close price near the 3-period EMA that based on the low prices. Inversely, for EMA buy signal, wait until you see three consecutive candles that have the open and close price near the 3-period EMA that based on the high prices.
Final Words – EMA Trading
In summary, Exponential Moving Average (EMA) trading offers you the flexibility to trade in different market conditions and it provides a complete set of trading rules. The EMA stock trading strategy combines the power of using multiple moving averages of the same periods but using different forms of calculations. These EMA techniques will allow you to find unique trading opportunities that no one else is able to spot.
Here are the most important things you need to remember:
Exponential moving averages are more sensitive to the recent price.
EMA can signal good trades, but it can also keep you out of bad trades.
EMA offers dynamic support and resistance levels, which is good for trailing SL.
The EMA slope shape has hidden secrets.
The rules for the EMA trading strategy can be modified to fit your own trading needs. We don’t claim this to be hard rules, but they are good on their own to make for a great trading strategy. Make sure you first test out the EMA strategy on a paper trading account before you risk any of your hard-earned money.
Cup and HandleNo rising wedges
NV slacked off at 144ish which tells me if the stock gets close to that level, it will kick in again.
Short interest very low.
Volatile stock and be ready for a ride if you buy it..lol
Possible stop below 144 or handle low/Hard to place a stop on this one though/Mid cup is 113.5
Not a recommendation
