ROKU trade for upcoming earnings LONG
Updated
ROKU is here on a 15 minute chart. An anchored VWAP breakout from the lowermost bands
three days prior to earnings suggests to me a long trade through the earnings. The target
is on the chart as the recent high pivots and mean VWAP line. This is a swing trade of about
4-5 days expectant for a 6% gain and perhaps more with a call option trade to supplement
the shares.
three days prior to earnings suggests to me a long trade through the earnings. The target
is on the chart as the recent high pivots and mean VWAP line. This is a swing trade of about
4-5 days expectant for a 6% gain and perhaps more with a call option trade to supplement
the shares.
Trade active
Zoom in with position taking details Trade active
ROKU move up today- Trade is risk free with a 5% trailing stop loss. One option closed out of 10 with a 24% profit. two days until earnings. Comment
ROKU is looking good going into earnings. Will add to the position if Wednesday morning price action can get over the high of day from the previous session.Comment
Awaiting a price rise over the previous pivot high for a buy signal.Comment
Trade closed at pivot high will go long again when price climbs above the previous
pivot. Earnings tomorrow. Sideways haflway through the day.
Trade active
Re-entered above previous pivot. Earnings reported was a big beat. Expect priceand volume momentum here.
Trade closed: stop reached
Small loss taken. Moved to watchlist maybe a trend continuation short develops.Disclaimer
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