ROKU trade ideas
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.
$ROKU Bulls Charge Ahead$ROKU continues to look bullish heading into trading tomorrow. Most time intervals look healthy. Yesterday's news that Comcast could potentially buy ROKU is helping the bulls case.
Currently, I am in one June 25 415c while already selling one contract already to take profit.
In any case, I am going to sell if it hits $423.40. I want to minimize profit losses as much as possible. I can continue to monitor and find another entry point. Where?
If this trades up I will continue to stay in the call, the key line to watch is it crossing over $429 where it meets the wedge. If it can show strength there the next resistance is $461!
If we get a rejection at $429 we could see a pull back to $406 levels especially if profits are taken.
The waves below the chart show bullish trends. Volume/price (green) is going up and the blue momentum wave continues to trend up with no divergence displayed so far.
Trade ideas:
ROKU Above 429 - June 25 440c
OR
ROKU Above $429 - July 2 $440c
*Disclaimer: This is not financial advice. The analysis provided is simply that, an opinion, and not meant as financial or investment advice."
Trading Idea - ROKUSHORT. We need to finish the correction, before we go up again!
Entry: 301.00 USD
Target: 224.00 USD (+25% profit)
Stop: 400.00 USD
Roku, Inc. provides a television streaming platform.
At this moment it is not too clear, but I expect a continuation of the correction to the 61.8% Fibonacci Retracement level.
ROKU on a rollROKU has been such a monster the past few days. I have not traded ROKU in almost 2 months and yet its still following the trend lines I had since the last time i looked over it. For now i believe ROKU will take a breather first before continuing to grow. its far over extended from the Bollinger bands. if tomorrow it opens green this will give a great short scalp opportunity. No longer than a day because if you know how relentless ROKU is you will get wrecked holding any longer. Short term (very short term) puts but long term bull.
I strongly believe Money is flowing into tech stocks so this price action in roku is giving confirmation into this theory of mine.