Long

Roku Long Earnings run up

Updated

Roku is well below its highs due to the market sell off and with earnings coming up fundamentally there could be an expected run towards the highs in anticipation. It is also retesting a fib level that has held twice already and sell volume is lowering and not able to drive price below these levels. If there is confirmation tomorrow and we see a turn in the candles this could be a nice long set up for a quick scalp of the pre anticipatory run up into earnings.

SL = 380
PT1= 420
PT2 = 440
PT3 = 460

Note

BANG!!!
entered at 395 PM

Note

stop loss at 415. Planning on holding until earnings though

Note

Stop loss at 425. If it closes above 440 my Price target for february is 500

Note

So uhhh... It looks like this worked out pretty nicely today. Price target still stands road to 500 here we come.

NewtonsTrades

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