The renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong. The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag...
ROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our...
Hello again Guys! Here I'm coming with such an amazing chance. Here we see a wedge breakout + Divergence on RSI + Hitting a Fibo support, and then we are ready for the race with 3 main targets as shown in the chart. Keep following the comments for updates. Don't forget to follow me for more! Ciao!
ROKU long idea, waiting for pullback to daily demand to look for buys
Roku is near closing deals to acquire Quibis Library, This news will easily push Roku to new ATH... currently in a nice falling wedge, watching for breakout and hold above 342.88, look for entry near 342 to retest that "breakout line" over that I'm seeing 375. levels annotated on the chart
The Plays: Estimated time: 2 weeks ROKU 160 Call 7/17, looking to pick up tomorrow or the 14th. Should see Roku move sideways a bit till we bounce off support (blue line). ROKU $160 Call 7/17 @ $370 per contract These contracts will be cheaper if Roku opens even or negative. Do not trade this DotcomJack