I think its readyLooks like its setup for the next wave higher. I like this setup to initiate a long.
ROKU trade ideas
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.
Update - Falling WedgeJust posting a quick update as ROKU is still looking very interesting here- Double top played out as expected- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish
- Falling wedge ( bullish )
- RSI in oversold territory
- MACD cross looks to be imminent
- With buyer volume should really pop
PT1- $328.71
PT2- $330.58
PT3- $339.90 + Breakout
ROKU ROKU ROKUROKU hit it's target, I can see it retract/retouch resistance to 314-318 area, should stay above 10EMA, then bounce up to 334-340 area.
Falling below 10EMA, this play is invalid.
$ROKU Bullish Shark into Bearish 5-0 PT $392Bounced right off the .886 forming the Bullish Shark. Fib 50% retrace would take PT to $392.
ROKUIF QQQ can comply and move forward higher ROKU can explode
Even with weakness though i believe the main leaders in tech currently would be ROKU / NFLX ..
NFLX does have upcoming ER so this could be reason as to why it's strong going into the new month while QQQ has been shaky and moving towards the downside. Expect ROKU and NFLX to continue with great strength and surprise.
IF Roku gets above 340 this opens the door to 370-420 range.
Monthly iTM calls could pay NICELY if we catch some steam on this one
LIS 316
$ROKU Looking TastyHolding good support at Demand zone with a nice green candle today. Run up to earnings and historically they beat.
I think this runs to first target AVWAP and volume shelf $360 zone. Watching for a close confirmation above 21 EMA before entering.
For an option trade with less risk, an idea would be to sell the .34 Delta 12/17 300P and buy the 295P (or 300/295P spread) for credit of $1.95 , max loss $305 .
ROKU - FOLLOW THE PARABOLIC ARCAll,
Pretty bullish on ROKU here. Only question right now is that if SPY holds since it had a tear back up from 420s. However, this looks like its ready to go might retrace some here so mayh want to wait for a better entry. Just watch closely. I think as long as market doesn't cause a crash in big stocks like ROKU we see 440s and probably 480s. IF THIS BREAKS THE PARABLOIC ARC... the right side it will fall and I would take a PUT or short position
