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Fallen, Not Beaten - Media Player for the Masses (PT $38)Roku had an insane path up to its all-time high. I knew of the product and its popularity and had set a PT of $35 for when it made its first post-IPO earnings call. Once it started rocketing up, I hit it and closed out my position. I'm sure others were as stunned as I was to watch it continue to climb and I'm sure Anthony Wood didn't know what to think once he was a billionaire for a short while. The price moved in waves and eventually started finding its real footing around $45. It climbed once more as a bull trap before earnings, only to crash down back to reality as many had speculated. Given this year's market climate and an expiring lockup period, we can now see a nice bounce happening off a new, and more appropriate, fib chart for the stock. That $45ish hard line for market value will persist for some time, but for now the stock has been beaten to where I'd felt it was appropriate last year. Have no fear though, the Roku story is indeed spreading. It's getting stronger and is unquestionably the media player that the masses prefer for its simplicity and intuitiveness. Chromecast is too technical and AppleTV is too expensive. Roku is the real winner for the streaming, cord cutting, value seeking culture we entrench ourselves into more and more each day. The price may linger here in the low $30s for some time without a catalyst, but the next call should be solid with some great forward guidance. Early part of the year is seasonally weak, so the last guidance to now wasn't crazy. Summer is coming and people will be indoors cooling off and students will be digesting media over their breaks and staying up to date with show trends. Without being aggressive and letting Roku slide back up in a more appropriate manner, I can see a $36-38 PT being hit short term. With more partnerships sure to come, along with expansion and updated marketing initiatives, Roku will be a steady player as it makes its way back to $40. I don't see it getting anywhere near the $45 line again until the end of the year and assuming market conditions are less volatile than they are now. Trade this with a $40 ceiling in mind and as a good, long term hold as a streaming, media and entertainment play.
NASDAQ:ROKULong
by N3utra
Media trying to catch Bitcoin investor | IllustrationI think they must to stop doing what they are doing and be objective and nice guys for another world. Because they are the world media. People trusting them but... People trust Bitcoin too. Every day you listen to negative news on TV?! Don't worry. you are not only one. Wall Street makes money when you sell your Bitcoin. Big guys telling you it's risky and they are buying the tons of Cryptos. I think we all know, Bitcoin price will get stability soon and the price will reach 19-20K again. Thank you for your support. Please add the comment about what is your thought.
COINBASE:BTCUSDLong
by fxCROWN
3
Merger Sprint-T-Mobile Speculation - release March 7thAlready for a few months the market is speculating on a merge between T-Mobile and Sprint. Ever since the stock is in a rise and increasing trend. On March 7th the CEO will talk on a conference from Deutsche Bank. This announcement is also on their website and you can follow the live-stream. The official announcement says: OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Sprint (NYSE: S) Chief Financial Officer Tarek Robbiati will speak at Deutsche Bank’s Media & Telecom Conference in Palm Beach, FL on Tuesday, March 7, 2017 at 12:55 PM ET. A live audio webcast of this session will be available at www.sprint.com The replay will be available shortly following the presentation. About Sprint Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 59.5 million connections as of Dec. 31, 2016 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com and www.twitter.com View source version on businesswire.com: www.businesswire.com Source: Sprint
NYSE:SLong
by Flibco124
1
Did You Know NFLX Is In A Range? When Will It Break Out?This is a WEEKLY chart of NFLX. Did you realize that Netflix was in a range? You may not have if you didn't step back and look at a Weekly (or longer) chart. It is amazing to me how things seem so much clearer when you step back and look at the big picture. NFLX has been in this range since late 2013. Since then, when the stock comes down to the $320 area, it turns higher. On the other hand, when it gets up to the $480 area, it turns lower. How can you use this info to invest (or trade) in NFLX? If you want to go long you could buy close to the $320 level. If you want to go short you could do it around the $480 level. Someday the range will be broken. No one can tell you when that will happen. But it WILL happen. Will there be a hint of it happening? Probably yes. Let's agree that the $400 level is the middle of the range. If NFLX can stay in the top half of the range (above $400) for a period of time then the chances it breaks above the range get higher & higher. If NFLX stays in the bottom half of the range (below $400) for a period of time then the chances get greater that it will break below the range. There are two inner levels of the range that caught my attention. Those are the $380ish and $420ish levels. The $380 level has acted as resistance at times and the $420 level has acted as support at times. Lets say you were long NFLX from the end of January, when the stock hit $480 you could have sold some of your shares. Why would you have done this? Knowing the $480 level is the top of a range means the stock MAY turn lower in this area. If you did sell up there, you could reinvest that money back into NFLX around $420. Personally, I don't mind paying the commissions in and out to save $50ish dollars a share... Maybe you are invested in NFLX for the long term. Maybe you don't have any desire to sell some at resistance and reinvest at a lower price. That is ok. Let's look at the four lines in the range in a different way. Which levels tend to act as support (levels where the stock turns higher)? The $320 and $420 levels. So if you want to add to your position, you should do it at these levels. They may not be the perfect level every time but there is some history that tells us these levels are good support. Do you have a "range bound" stock that you bought for your kids and you wish you knew a good time to add to the investment? Do you own a stock in your retirement account that you would like to add to but you are not sure when to do it? This kind of chart analysis can help you with those decisions. If you want me to draw a chart for you just give me the symbol of a range bound stock. I will post the chart here. I Want To Draw A Chart For You...
NASDAQ:NFLX
by TheTrendLineInvestor
Facebook ready to retest March highs Credit to Greg Harmon for putting this on my radar. Diving into the price action, Facebook's 2 month sideways grind may be coming to an end as price hugs channel resistance in a bullish cup and handle formation. Respecting fractal behavior, the pullback/consolidation touched down exactly on the 61.8% fib measured from last November's swing low to the March highs. This pullback point was particularly special as it filled a large continuation gap from January, which tends to precede an explosive move in the opposite direction. The bullish thesis is also supported with a RSI that finally stabilized above the 50 line and a rising MACD. The measured move based on the consolidation also corresponds with the high placed in March.
NASDAQ:METALong
by Nick_C_
1