Looking very bullish in the near future for ROKU!Thank you as always for watching my analysis on ROKU. Please feel free to like, share, and comment on this post. May God bless you!
ROKU
Either way on Roku. Looking more bullish.Thank you as always for watching my analysis. May God bless you. I hope you learned something educational on this post!
Updated Swing Trading Watchlist - Pullback OpportunitiesHello Traders,
As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist:
www.tradingview.com
This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed:
Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength.
Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal.
Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence.
Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy.
Sector and Market Sentiment Analysis: Understanding the current market sentiment and sector rotation plays a crucial role. Stocks in leading sectors or those showing resilience in a weak market are preferred. We also consider the broader market trend and economic indicators to assess the overall risk environment.
Risk Management and Entry Points: Each stock on our watchlist comes with a predefined risk management plan, including stop-loss levels and potential entry points. We're waiting for a reversal signal, such as a high-volume rebound off a support level or a break of a short-term downtrend line, to initiate positions.
Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks.
Conclusion : This watchlist represents a blend of technical prowess and strategic foresight, aiming to capitalize on pullback opportunities in strong stocks. Remember, the key to successful swing trading lies in timing, precision, and risk management.
Stay alert for real-time updates as these setups evolve. Let's capture the market's rhythm together!
64 and then 74?Looks like time has come to buy this stock. As long as it remains above that bottom trend line and stays above 52, it could very well hit 64 where it will meet its first resistance. If it stays around 64 and crosses it, next stop would be at 74.
$ROKU Bearish to Bullish Reversal StartNASDAQ:ROKU Technical Analysis: The chart displays a clear break from its parallel downtrend, suggesting a potential change in trajectory and a possible shift in market sentiment for the stock. Waiting for bullish consolidation like a bull flag.
Roku, Inc. (NASDAQ: ROKU) Roku Shares Jumped 30% Roku Inc. (ROKU) shares spiked by more than 30% today after the streaming device and TV maker reported earnings results well ahead of analyst predictions for the third quarter alongside strong subscriber growth.
For the third quarter, Roku achieved an all-time high of 75.8 million active accounts, a net increase of 16% compared with the prior-year quarter. This represents a net increase of 2.3 million accounts over the second quarter of this year. Analysts had expected active accounts to reach 75.3 million for the third quarter. Roku's revenue growth also outpaced analyst estimates. The company reported a 20% year-over-year increase, reaching $912 million for the quarter, against predictions of $855 million.
Roku said the better-than-expected revenue improvement was driven by "strong performance in content distribution and video advertising." The company's Roku TV line, which launched in March, also contributed to revenue gains and helped to drive net active account additions.
Roku's net losses widened significantly, to $330.1 million for the quarter compared to $122.2 million in the prior-year quarter. Losses per share nearly tripled to $2.33.
Price Momentum
ROKU is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
ROKU: Making it difficult to tradeIn my last post I was trying to stay bullish, but the price action has made me get out of my position. Sep 6 failure has marked the previous EW count invalid and it's looking more like a leading diagonal pattern of contracting kind. At the moment keeping an eye on the daily RSI to get support at 45. If that level breaks, it might induce additional selling. Contracting diagonal wave 4 cannot be bigger than wave 2, so if price falls below $66.62, this count will need to be revisited. Right now looking for a bottom between $78 and $72 and a bounce to around $110-$120 by EOY. Below $62, will start looking for shorting opportunities as bull case will get significantly diminished.
Roku in a sequence of higher highs and lows.Roku - 30d expiry - We look to Buy at 75.11 (stop at 69.11)
The sequence for trading is higher highs and lows.
The trend of higher lows is located at 74.50.
Previous resistance at 75 now becomes support.
We look to buy dips.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
Our profit targets will be 90.11 and 93.11
Resistance: 79.50 / 84.44 / 88.00
Support: 75.65 / 74.00 / 70.50
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ROKU PREMIUM LONG SETUPAbove 92 RoKu will Reach 97 .
Posible to reach 100
but 97 is more Realistic to Take Profit
Stop Loss is 87
is 50/50 Trade
Do not Overleverage !!
NASDAQ:ROKU
NFLX setting up Fib retracement level bounce LONGNFLX up trended starting June 1st through an upper long term anchored VWAP
to the next higher VWAP line coinciding with earnings. NFLX dropped after
good earnings probably because investors expected even better. On the 30
minute chart, NFLX has more or less completed a 45-55% retracement of that
trend up and is now sitting on the VWAP line that it crossed back in early June.
Volumes are decent above their moving average. The zero-lag shows a line
cross under the histogram which just converted to positive. I analyze this as
suitable for a long entry targeting that higher VWAP band line at 495 with
a stop loss at 415, the recent pivot low. I will take both a stock trade of
10 shares and a call option striking 475 expiring 8/18 NFLX calls have treated
Nancy and Paul Pelosi quite well for a long period and I have enjoyed smaller profits
from smaller positions in the same time frame . This looks like another opportunity.
ROKU Options Ahead of EarningsIf you haven`t sold ROKU`s double top:
Or bought the dip here:
Then analyzing the options chain and the chart patterns of ROKU prior to the earnings report this week,
I would consider purchasing the 75usd strike price puts with
an expiration date of 2023-8-25,
for a premium of approximately $7.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
NFLX is rising from supportNFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the
POC line of the volume profile showing buying pressure has extinguished bearish momentum.
The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally,
NFLX revenues have increased with the household password crackdown. Traders and investors
have noted that. I see NFLX as setup for a long entry. I will determine the best entry on
a lower time frame either 5 or 15 minutes. I see targets as 485 and 560 based on horizontal
resistances on the 4H and daily charts and so a good potential reward compared with the
risk of a stop loss at 416 set below the POC.
Can NFLX rebound from the down turn after earnings?NFLX started a good trend up about June 25 and then pulled back in the day after the
earnings report. Although the earnings beat expectations, price continued to drop in
a VWAP breakdown shown here on a 2 hr chart. Over the 2 days that followed, price
has continued down at a slower rate and candle ranges are diminished. Importantly,
the zero=lag MACD shows a line cross under the histogram which has changed from
red /negative to green/positive. The lines have inflected upward. I see this as demonstrative
of bullish divergence and predictive of a reversal.
Overall, I see NFLX rebounding with a potential 15% upside. My target is 480 in consideration
of the swing high on July 18th with a stop loss of 415 the swing low of late June.
NFLX - Rising Trend Channel [MID -TERM]🔹Strong rising trend channel in the medium long term.
🔹Between support 365 and resistance 480.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
ROKU to 110This trade is a bullish-long term trade
ROKU has been going down since the pandemia.
However, when you analyze in terms of fundamental and technical analysis, it is a good stock to have in your portfolio because the chance that has to go up!
ROKU has a lot of value in MOATs.
ENTRANCE= at or above 74.78
Afther we enter, it can go to 115 in a couple of weeks.
SL= 51.66
If you already have this stock, I recommend u to hold it!
ROKU ROKU is waiting for you, but it won't wait long. It looks like it's putting in a bottom, and may even be ready for mark up after 12 months of accumulation around the $60 level.
From its all time high to what's shaping up to be cyclical lows, we have a range with its first quarter retracement around the $150 level. Extrapolating one step further, a 50% retracement from the cyclical lows to the $150 level is around $100, which is a logical place for price to mark up, if it does leave the accumulation range and accelerate updwards in the near term. I believe that will be the kind of move that doesn't offer many, if any, retests of the accumulation range, once there is a meaningful sign of strength from current juncture.
Another way to think of it is bullish so long as it continues to close above ~66 (first quarter retracement of the range within the range), and probably not a bad idea to add on strength when it prints a new intrayearly high for the push up to $100 and $150 thereafter.
Is ROKU ready to reverse and recover?ROKU here is on a one hour chart. IT has trended down from from its supply/ resistance area
of 65-68 and has dipped into its demand/ support zone of 52-53 per the Luxalgo indicator.
Price is presently far below the high volume area of the volume profile which shows the
the highest volume at 64. At this point, short sellers are buying to cover and take profit.
Price is now at the lowermost VWAP bands in the deep undervalued area. Bargain hunters
such as myself now have an interest. Fundamentally, the last earnings report was
reasonably favorable given the context of the general market and the economy.
I see ROKU as a long-trade candidate at this point. It should follow AAPL, TSLA, META GOOG
and other mega-caps and begin an uptrend. ROKU has high volume high liquidity and
relatively narrow spreads. I will take a call option trade striking $50 with a
DTE of 30-45 days. IF it performs well, at 21-30 days I will roll it into another.
NFLX Watching for another BreakoutNFLX gapped up on the morning of 5/18 with high momentum and a volume spike both of
which faded by mid-day shown on this 15- minute chart. Since then price has been in a narrow
consolidation range centered about the POC line of the multisession volume profile. Price is
in the fair value area between the mean anchored VWAP and the +1 STD band. The zero lag
MACD is confirmatory for a trend resting in consolidation
I will watch for green candles in a row with the second having more range than the first. I will
check to see if the relative volume is 2X the running mean. If so, I will enter and try to get
the early breakout. Stop loss will be $365 below the POC line. I will exit upon seeing upper
wicks and volume falling back down to the mean. My expectation is for a quick 3 to 5 percent
trade with a R:R of better than 10:!.
ROKU ROKU - Where Are You? 🔍 Analysis #32/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
ROKU is stuck inside a range around support and round number 50.0 so we will be looking for buy setups on lower timeframes.
on DAILY: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray around 75.0
Meanwhile, until the buy is activated, ROKU can still trade lower till the 50 support again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$ROKU Daily looks nice, check the weekly. Waiting for confirmation on a weekly breakout either direction.
ROKU 01032023 long IdeaROKU Going long Idea
RoKU bounced well from weekly strong support and then got rejected weekly resistance area and once again bouncing from weekly support area it can be good trade if followed th pattern.
EP: 64.67
SL: 52.91
TP: 77.32
RRR:1.08
ROKU Earnings: Not Bad But Not GreatROKU has an incomplete bottom ahead of its earnings report later this week. The technical patterns don't indicate a bad report, just not a great one.
There is some accumulation and a shift of sentiment around the lows of the bottom formation, which are likely to provide support. It is unlikely that this stock would drop further than the Dark Pool Buy Zone unless it has a bad report.
The company has struggled with Market Saturation for a while. Some strategic partnerships recently and in the future may be what the stock needs to stabilize here to eventually begin the next uptrend.
Weekly chart showing strong long-term support for the current bottom formation:
ROKU - BULLISH SCENARIORoku will release the fourth quarter and fiscal year 2022 financial results after the stock market close on Wednesday, February 15, 2023. The expectations are for -$ 1.71 EPS and 805.63M Revenue.
The revenue growth slowed to a crawl through late 2022 even as its operating losses expanded. In early November, management projected that revenue would decline in Q4 for both its hardware and content platform divisions.
A bullish momentum is expected. The first local resistance is located at $ 75.
2nd resistance is located at $ 100.
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