ROKU (2H) / Primary Elliott Wave Count
Hitting the lower trend line. If it doesn't form a lower low in daily chart, it will follow the trend line
Went back and started from a clean slate on this as I felt something wasn’t adding up with the counts. Though my count is little different, nothing has changed from my bias of reaching 138+ zone and entering a potential short. After redrawing, I think we just went through a wave 4 retrace (blue number) with a flat a - b - c correction. Wave count and fib lines...
ROKU.. looking good for today.. 125C
Locking in about 6.50 point drop since completion of wedge ABCDE. Wave b should be in. May see slight retrace to backtest but ultimately should still head lower to price target.
Seeing an ABC wave down to target area around $76. Had a retrace today for Wave B today of .32 supporting my opinion to continue downward. Again, watching to hit price target to potentially start building a long position with a first price target of $110
Excellent earnings results, can we see Roku breaking out of this triangle? If not, we will see a rejection near trendline resistance and can expect more sideway actions for the next few days. Good buying opportunity if we can break out! Therefore, worth adding to your watchlist.
ROKU is in overall downward trend. We have a rising flag pattern setting up which indicates a bearish correction. This bearish trend could continue unless earnings could help drive price back up.
roku will benefit from the streaming boom. its like the modern day antenna. daily chart possible 220 target by 2021 roku gets 137 its at 149.. if it gets 153 its going to test ath
$ROKU LONG TERM -Downtrend occured after an Analyst downgraded ROKU, predicting a loss of 4 million subscribers in 2020. -RSI shows the stock is undersold -If ROKU remains between the 136-140 area, it will most likely continue to fill the gap and make its way towards 160. Comment your opinions below, don't forget to follow! This is long term, enter with...
Roku is slowly becoming one of my favorite stocks to trade, There's more action than a Schwarzenegger movie. OK ok enough with the bad movie jokes, lol. I have used all my trusty indicators, price action techniques everything short of a crystal ball and arrived at this conclusion... I hope it helps you guys/gals (I'm not a sexist please don't go through all my...