ROKU trade ideas
ROKU Ready to DropROKU has been moving within this ascending
channel recently, if it bounces off the bottom,
I would do nothing more than day trade long
positions asI am bearish on this one. The
20SMA is about ready to fall under the 50SMA,
with a hidden bearish divergence shown
with the RSI making lower lows. With IV
rising, it could be prime for puts under 407.
Sell ROKU at 413$ to 380$ target price Open short idea RUKU.
From 413$ to 380$ (+8% gain).
Reasons - new TV sets and sticks will decrease quartal to quartal due to previous highs jumps in sales in covid lock-downs period. Now who wanted to buy TV or stick mostly done this, and future sales will decrease in post-covid reality.
Also there is few ideas to short, TESLA, NIO see below.
UPDD: NIO has reached the target +9% take proft on short.
Tesla
Roku at a cross road?Volume has decreased with new highs (Bad sign). It's still holding that 403 support.. if it falls out of the channel first target is 379.49(Redline/Gap Close). As you can see it has fell out of its channel before . If ARK decides to buy the dip it could continue on. targets are green lines
ROKU extremely disconnected from trend lineFaded the resistance touch today. From the high, price is above the trend line by the 2nd furthest % since IPO. Look at how wide the space is between price and the trend line at the tops. Pullback usually revert to the trend line within about a month so which would run around $290-300 area by February. Watch out if this breaks down.
Roku Inc. Accurate ForecastHello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.