ROKU trade ideas
rsi is very high!this is what i call pton on steroids xD if you really want to get my stop loss would be 220, goodluck ;)
Baby are you DOWN DOWN DOWNWatch out for this. It will try testing the top next week but short everything. I will be waiting for it to drop to the area between 0.236 and 0.282 before going long.
I bought a 225 Oct 23 2020 put today and will add some more with lower prices next week.
Let me know what you think.
The Stock Market in 3D - Roku at GP SupportROKU, PTON are prime give back candidates for a short term play. Longer term, stay at home plays to the bulls have correlated with a rise in covid cases.
Will ROKU be my next victim? This is another teaser, or is it actually my next pick? Wait till next week to find out!
Roku 10/9Possible we see ROKU stay on the downside and fill the gap before rising back up. However, if it doesn't we have some key levels it needs to break before retesting ATH
what a play :othis is a gift that keeps on giving. but dont get lost in the hype. look at the trend closely and you can see where ill be looking to dip buy in the future. :) leave a like if you found this useful !
The Stock Market in 3D - Rokurunning the bull channel - .5 Support - now awaiting the market to digest the stimulus tweet.
ROKU look nice for quick SHORT NASDAQ:ROKU
roku on high level of channel up, now in doji candle - if the end of this day will look with this doji candle
roku will be candidte for short under 198$
Critical spot for $ROKUShown in the chart, there is a long-time ascending channel that $ROKU is now set to either retrace a bit or breakthrough. Being overbought on RSI and StochFULL, the technicals show a higher chance of a drop then a breakthrough. Plus you add the volatility with the elections and risks of market-pullback, equates to a higher than normal risk-reward to go long here.
My advice, if you're not long already, don't chase it at this price. Wait for a pullback.
Roku end of the 5th wave?Been watching roku for a while now its one of my favorite stocks to trade. I strongly believe that roku has hit the end of its 5th wave. what i want to happen is the ABC correction i have shown on my chart. its highly unlikely for that scenario, However with how the market has been lately anything can happen. More realistically though, we might have a pull back pretty soon which should be expected. The RSI is pretty much overbought and the price is way above the 20MA so it might be time for Roku to start consolidating before a push higher. If it does pull back I am seeing roku pullback toward the price range of $189-$194 before it reaches new all time highs.
Let me know what you think or what i might have missed in the comments. good luck and remember to do your own research before making a trade do not go based off my analysis.
Update on Roku Short-term Swing trade from 178 to 210Just an update. Trade is doing well, following chart perfectly. Compare this to my last post. Ask me how to join the stock group!
As the chart say, bought RENTAL shares at 178.25. Now that the stock is at 199 I would place a trailing stop to protect some of the gains. Still trusting the wave count, but still adding a stop would be smart.
Roku Short-term Swing trade from 178 to 210On Thursday, September 24, 2020 we informed our stock group to buy rental shares for a move from 178 to 210. We also have this as a core long-term hold, so this was just additional shares for a rental.
Roku is off to a good start for this implied move as it's already at 186 from 178 .
Next is 202 for wave 3, then a wave 4 pull back to about 195, then a new high to 210 for to complete 5 waves.
We also caught the move from 150 to 199, but the past doesn't matter, what's next does.
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.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
