Roku, Inc.Long
Price Doubling Markup Brewing
Updated
Major major accumulation here. Can see in the DMI and stochastic, as well as the chart.
Activation of markup is above 98. My initial target is the 111-127 range by July 11-15th. If it makes it above 133 I expect it to continue to as high as 177 by August (post-earnings).
Goal Target by July 25th is 152-157. The yellow, orange, red zones are profit taking area - not financial advice but I like the July and August calls from 95-110, take some off in yellow, more off in orange, more in red zones. It will likely need to consolidate or pullback before attempting to break 133.
Look to Roku's past for evidence it has major runs in it, my belief is that the time for the next major run is about to begin.
Activation of markup is above 98. My initial target is the 111-127 range by July 11-15th. If it makes it above 133 I expect it to continue to as high as 177 by August (post-earnings).
Goal Target by July 25th is 152-157. The yellow, orange, red zones are profit taking area - not financial advice but I like the July and August calls from 95-110, take some off in yellow, more off in orange, more in red zones. It will likely need to consolidate or pullback before attempting to break 133.
Look to Roku's past for evidence it has major runs in it, my belief is that the time for the next major run is about to begin.
Note
I'm seeing run to 133 as the pre-earnings run up, if they impress it can break above 133 and run to 177.Notice 133 was the average level they accumulated last summer 2021 before markup to 500.
Roku would have to undergo re-accumulation around 177 to continue higher.
Main point is the next 2 weeks should see explosive upside up to +50% underlying move
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.