Visa should follow the overall market higher for a 5th and final wave higher.
After hitting $350, I count 5 completed waves. I see a significant pullback below $300 at least. You could sell long shares and re-enter lower, or bulk buy a big dip. Either way it’s a 5 year company for me with explosive upside. Be in.
We are in the 5th wave of the larger 3. We are going to 270 to finish the large 3, then back to 220 for 4, then back up higher. Short-term upside Long-term upside A perfect trade opportunity to sell and re-enter lower in the medium term. BUY below 225, sell at 270ish (could extend higher), then get back in lower.
I looked back at my original Roku charts on my profile and hit the "play button" so you can see the before and after of your projection. My original projections were pretty spot on. Click the chart that says "Roku is going higher." I see Roku going higher after retracing to about 210 (as shown on the chart) before a final 5 minor waves up to finish 5 of 5 of 3....
Just an update. Trade is doing well, following chart perfectly. Compare this to my last post. Ask me how to join the stock group! As the chart say, bought RENTAL shares at 178.25. Now that the stock is at 199 I would place a trailing stop to protect some of the gains. Still trusting the wave count, but still adding a stop would be smart.
On Thursday, September 24, 2020 we informed our stock group to buy rental shares for a move from 178 to 210. We also have this as a core long-term hold, so this was just additional shares for a rental. Roku is off to a good start for this implied move as it's already at 186 from 178 . Next is 202 for wave 3, then a wave 4 pull back to about 195, then a new high...
Zoomed in view. The move from 146 to 185 was a clear 5 wave structure of 1. After that it fell to 171, and the .382 retrace was 170.23 (so close enough for me). This move down from 185 to 171 was a clear ABC for 2, now a 5 wave structure back up for 3 of 3 of 5.
This is just an update to the previous post on Roku. When Roku was at 146 a few days ago I said "Roku is going higher, expect upside this week." This is just an update to the previous post I made. Still following the wave count perfectly. I currently have Roku back in an uptrend after falling from 185 to 171 to finish the 1-2 of 3 of 3 of 5. So we have a 3,4,5 up...
If this count is correct, expect upside with Roku this week. What we do know is that Roku clearly completed 5 waves of a smaller degree on earnings where it hit 178. That was a new high to create the minimum of 5 waves, meaning a pullback would follow and it did. We played this by selling our shares and re-entering lower. Roku hit 178 right away after-hours on...
Roku clearly completed 5 waves of a small degree for earnings and fell $27 right away. It hit $177 and immediately fell to $150 by the next morning. I played that perfectly by selling my shares and re-entering lower because I knew a higher high is the minimum for completing 5 waves of that degree. Where it goes next it the real question. I now have it in a larger...
Elliot wave, had this chart around the start of the move from 101 to 176