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.
In this post I will lay out what I believe the bull and bear cases are for ROKU while showing a pattern I noticed this week on the 4-hour timeframe that is holding steady on the daily, weekly and monthly charts. NASDAQ:ROKU Technical analysis ROKU is in freefall territory with no clear bottom in sight. When I looked at the 4-hour timeframe at the end of the...
ROKU trying to break out over $237.44. Over that and the 50d ema looms at 257. Could be a great trade this week.
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...
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...
Go to the support, is necessary a bounce there, if not, the will drop below $300, so be careful! ⚠️
Interesting risk and reward for both long puts and calls. Roku closed slightly under the 6 day ma. A break below the 8 day ma opens the door down to the 21 day ma which is approx. 10% drop; however, if ROKU closes above the 6 day ma then there is a gap at 454 which is approx. 10% move higher. Although there is no squeeze setup on the 78 min time frame, there is a...
Yes... I know... ROKU has been running this week but guess what, it is still in the massive downward channel! ROKU bounced heavy off the long term trendline support and is now at a very interesting spot...which happens to be the downward trendline resistance! This will be a great short opportunity into tomorrow if ROKU rejects resistance at ~338 (.5 fib) My...
ROKU long idea, waiting for pullback to daily demand to look for buys
I believe we'll top out this week around 460, i do believe however earnings will be a blood bath to the downside. Their TV's suck so all their money income is heavily relied on by advertising. Which i think is having problems. Thoughts, comment anyone?
Roku has been seeing this trend, with being overbought right now, I think it has touched its upper trend line and is about to dip. I've only been trading for 2 months now so please correct me if I'm wrong.
What is a Roku? Some sort of feral animal that has gotten out of control. I don't know about you, but that divergence in volume and accumulation/distribution sure looks like most people don't want to baghold Rokus and are releasing more of them back into the wild as their price goes up. The Danish government slaughtered millions of minks and minks are cool and...
One may short $ROKU at 212 or buy 200 PUT for Nov 13th
Head and shoulders forming on the 2 hour time frame, looking to see a move down to my minor support level at $169 if we break that zone we will see a movement down to $141. I have my fib .618 retracement at $200.73 as a possible bounce to retest all time highs but with political factors impacting the market theres a very small chance Roku would go back to ATH. We...
There is a strong channel from $151 to $159, if we break that trendline, I would expect a breakdown to that $151 mark fast. This would give short term puts nice profit while allowing long term buyers a time to buy, alerts set for a break of the yellow trendline.
Going short with first target of $144.30, second target $137.50.
I would love to see a pullback to $150 before going short. My short PT is $140. Roku broke the neckline and is now free-falling.