ogdabber

ogdabber

FB is either approaching center of mid-term wedge, or has already breached into the positives... My guess, it was just a pump up above (which is very common for this highly volatile, news-directed stock), and it will experience "correction" back to previous support around 201 or so... 201 SHOULD hold...... If it falls through 201, then 197-198 will be right there...

ogdabber

After doing a few long-term charts, this seems to capture the gist... Starting with bottom from 2008 crash, through today, it looks to be in quite a nice channel... Using last high before crash's bottom as beginning of upper channel limit, crash's bottom as median "0" line, and first bottom since new long-term channel, post-2008 crash, as the beginning of bottom...

ogdabber

Similar to my recent NFLX analysis, this shows 1, 2, 3+ pattern of growth!... Please see that most of the MAJOR jumps/falls occur around ER's... this is a relatively newer chart to perform such "long-term" analysis on, but to suggest the following isn't too farfetched... Granted, ROKU has had incredible int'l growth, and it has increased revenue streams...

ogdabber Updated 

Through thorough analysis of past 5 years of NFLX supply and demand -- you can see in this chart the stronger lines of support and resistance through this time... 5 years of data seems to confirm a pattern of 3-peats to breach through next-level resistance levels... this has proven to be phenomenal and depressing, depending on when you may have jumped in... As...

ogdabber Updated 

Through thorough analysis of past 5 years of NFLX supply and demand -- you can see in this chart the stronger lines of support and resistance through this time... 5 years of data seems to confirm a pattern of 3-peats to breach through next-level resistance levels... this has proven to be phenomenal and depressing, depending on when you may have jumped in... As...

ogdabber

Check other posts for progress over last couple weeks... this needed to breach $104 resistance, and it seems to have failed... Probably falling down to at least $98 level now, this will likely test $93 next, then eventually through to $83 support... Granted, the stock market morale doesn't take a turn for the worst during earnings season, this should pop back up...

ogdabber Updated 

Taking a different approach -- H&S, then Double Top, now possible Double Top again... Looking at the volume profile, this has surged so quickly that it hasn't had enough time to settle -- volume could pull this back down for MAJOR "correction" -- we all know ROKU is worth more than it is currently, but the market's auto-algorithms will take big, institutional...

ogdabber Updated 

As shown in previous chart... ADDED: Green trend line... if ROKU breaks above previous day's high ($104) and holds for the rest of the week, then this could survive and thrive in the boom that is ER season! OR..... being that July-August is typically the worst month for equities, this is about to tumble before earnings... if it can't break through the resistance...

ogdabber

Ok, let's face it... Oct-Dec 2018 was terrible for the global economy -- virtually all stocks were down... let's just consider year-to-date... Previously, likely Double Top formation leading to decline. REPEAT? IF considering THE "ultra-bullish parallel channel" (UBPC, ideal for all irrational growth plans)... this would break through to negative side, down to...

ogdabber

Obviously, the 5 year trends are not the ideal charts to singularly refer to when considering a trade... however, considering the FANG composite's short-term trendline and NFLX 1Y chart, this technical analysis seems quite relevant... while looking at the 1Y for NFLX, it seems it could go break free in either direction to next support/resistance; however,...

ogdabber

I was watching for descending triangle to follow through, but it seems there was enough buyers that it didn't fall through the "weaker" $87/88 support... Now, after bouncing off 50 MA, this recent pump back up to $99 resistance (20 MA) seems to have completed the right shoulder in H&S pattern... Given this pattern has an approximate 85% accuracy rate for...