Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Confluence includes: Fib Extention and projection cluster zone Diagonal and horizontal support confluence Divergence building Price fell 70% from High While I feel there is a lot of competition in the field ROKU is playing in and longer-term they may have harder times, there is a potential that market bargain hunters jump in at these levels, the key will be...
So far lost ~70% from ATH. RSI ~25 range (Oversold territory). It has two scenario based on how fed/market plays. Scenario 1 is bounce from ~150 otherwise bounce from ~117 range. Both are strong support levels. Once should be able to open poistion and avegrage down in case it goes to 117 range.
In terms of selloff i mean. If you remember, Roku was a Netflix project in 2007. Roku TV founder Anthony Wood created Roku and started the streaming boxes without Netflix taking a risk. ROKU is embarking on its original content journey in a market with strong competitors. Waiting for the stock to come to the high volume buy area.
ROKU: Weekly chart currently sitting on the 200ma . At historical support -resistance zone. Demark Sequential Buy 9 daily. RSI a bit oversold on weekly. Bullish divergence on daily. Are we bouncing here or do we keep going down? Whatever is it, I like the good risk vs reward long entry here. You might argue that we're going against the trend and you're...
Declining volume at support within the falling channel. Looks good to run to $200+
Roku down 60%. They have a huge market share of streaming and will continue to grow. Weekly RSI bottoming out. Tight stops for a flush but will bottom tick it. Not advise.
ROKU trying to break out over $237.44. Over that and the 50d ema looms at 257. Could be a great trade this week.
ROKU can be seen to dip and peak out of this channel The dips seem to be more often Currently we are at the point of a dip Going long is wise, no leverage
I am waiting for Roku to trigger me in at $231.28. If it gets to that level, I will hold for swing for a month or so. My TP will be @ $283. My stop loss will be triggered at $222.00 Happy Trading
I have posted a short trading idea of ROKU a few days ago. Already took profit and flipped long at closing. $270c for next two weeks looks like a good risk reward, but always prefer to grab at least 4 weeks to avoid decay, long stock is less stressful for many as well.
There is a wolfe wave setup on the Daily time frame in ROKU. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 315 and then 330 gap fill . The price is expected to reach these targets within 14 days. There...
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NASDAQ:ROKU is currently looking very bullish. Long position placed with 6% take profit, as shown on the chart. Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️ Follow me if you would like to see more analysis like this
Weekly 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
Shares of Roku dropped as much as 4.8% lower on Friday, hamstrung by a bearish note from Wells Fargo analyst Steven Cahall. The pessimistic call on the media-streaming technology stock counterbalanced an upgrade that drove Roku shares higher yesterday. Cahall downgraded Roku from overweight to equal weight, meaning that the analyst now believes that Roku shares...
Ticker: ROKU Notes: Roku has been trending in this downward channel and finally bounced off of this Daily demand and broke out of that downard trendline. We just need confirmation on this breakout and be patient with it. We don't want to catch a falling knife. Key Level: Crossover above 200SMA (362.64) could be a good reversal entry for a target of 370 then 385.