ROKU, daily timeframe: Resistance zone + Shooting Star + Side of Bollinger bands
Roku did what I wanted it to do. made an inverted H&S at support and took off. that trendline is heavy resistance but if we break then my PT is $150. If we bounce down then my PT for the short is $120
Daily bearish engulfing should send this stock lower with respect to 115/116 per share.
This week is a perfect warning shot for similar rogue sell-offs to come in the near future. During such times, it is always good to have a default short play in your back pocket. The price action on this chart is so symmetrical that the probability of downward pattern completion is much higher than it would otherwise be. So far, the pattern has maintained its...
X Force Global Analysis: Roku is an American company offering a line of digital media players that offer access to streaming media content. In this analysis, we take a look at the technicals and fundamentals of this stock, assessing potentiality for a bullish rally. Fundamental Analysis - Roku stock has declined by almost 40% from its highs due to the...
NASDAQ:ROKU The last time ROKU got downgraded this badly on a random Friday, it sold off harder than any stock, ETF or Municipal Bond, perhaps ever. Even UVXY (circa late March 2020) was nothing, comparatively. Coincidentally, the downgrade came just before a really nasty article was published regarding potential fraud mix-up. The company hasn't posted...
Possible long entry levels for best average price
ROKU (2H) / Primary Elliott Wave Count
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, for the next few weeks I expect Roku to have many bearish correlations and the next short is $110 with a $114 target for it to break that resistance bubble. Once it breaks said bubble, it should go to around $124 and could...
First off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let us get into a few points. I use Roku, I even streamed a show on Roku. Roku has a good product in terms of meeting an unfilled demand in its market segmentation. Nobody is debating that. Roku has a really nice growth correlation and story. That being...
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 has had a nice run up but I think some profits are going to be taken here soon and I am planning to capture some downside move. Already in a supply zone, zoomed in we are approaching the top of the supply zone. Within this wedge, I think ROKU can give one more push up to 138 area before it drops. Game plan: not entering anything short until 138 area is...
CURRENCYCOM:ROKU Put Options on or around 95-100 depends how the market moves over next week. If then news is extremely positive could see it break through.
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.
Looking for ROKU to finish this abc pattern, currently in/completing wave b. Thinking it flushes to target entry point to look at starting to build a long position
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.