ROKU
$ROKU PT $115Bring this one down town! I think ROKU can see a nice drop coming down to the $115-$110 range before stabilizing out. The strength on the 45min chart does not look well, but there's some optimism looking at the 1D chart, but even then it's still in range for the set PT of $115. GLTA and stay safe!
Bullish Charts - Streaming Media PlayRoku, Inc. operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts. It also provides advertising products, including videos ads, brand sponsorships, and audience marketplace program; and manufactures, sells, and licenses TVs under the Roku TV name. In addition, the company offers streaming media players and accessories under the Roku brand name; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its Website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, Mexico, and various Latin American countries. The company was founded in 2002 and is headquartered in Los Gatos, California.
Daily Chart looks amazing.
Golden Cross at the 112 to 113 level.
Broke out above the cloud after the cross.
Volume, PMO, MACD, RSI & Stochastic are all Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CHWY52 is a tough level. I would wait for CHWY to break and hold over 52 to go long. I would use a tight stop loss if CHWY breaks under 52.
If CHWY fails at 47.55 it can fall to 45.70, 43.89.
I would go long over 52, or go short under 50, or you can wait for it to break under 47.55.
*There was lots of Bullish Flow on Friday.
WORK SWING TRADING OPPORTUNITYTARGET PRICE $40.
BOUNCE BACK FROM SOLID SUPPORT LEVEL.
ENJOY YOUR TRADE!
Roku: Bullish Confirmation Analysis 4H (Jun. 17)X Force Global Analysis:
Roku is an American company offering a line of digital media players that offer access to streaming media content. In this analysis, we take a look at the technicals and fundamentals of this stock, assessing potentiality for a bullish rally.
Fundamental Analysis
- Roku stock has declined by almost 40% from its highs due to the impact of the recession and negative short-term news flow, but the big picture remains intact, and Roku is still a market leader in programmatic advertising with enormous room for growth in the long term.
- User growth and engagement remain stronger than ever.
- Despite the lowered advertising expenditures, Roku will still be able to deliver substantial revenue growth this year
- Profit margins will be affected by weak advertising demand during the recession, but the business model allows for attractive profitability at the fundamental level
- Thus, makes sense to expect Roku to deliver expanding margin in the years ahead if management executes well.
Technical Analysis
- The first thing we spot is a reverse head and shoulders pattern on the 4H chart
- The right shoulder has completed its formation, and prices have broken through the descending trend line resistance, as well ask the neckline
- Prices demonstrate strong bullish momentum with bullish engulfing candles
- Prices have also broken through and closed above the Ichimoku cloud resistance, indicating a bullish trend reversal
- The Exponential Moving Average (EMA) Ribbon is also looking to form a bullish cross
- The Relative Strength Index (RSI) creates higher lows and higher highs, showing an uptrend
- The Moving Average Convergence Divergence (MACD) shows increasing bullish histograms as well.
What We Believe
While we believe that Roku is valued at the right price, not only does it have solid fundamentals for long term growth, technicals demonstrate immediate term bullish potential.
Trade Safe.
Bullish Charts - Arnold Schwarzeneggar Takes Huge StakeGenius Brands International, Inc., a content and brand management company, creates and licenses multimedia content for toddlers to tweens worldwide. The company offers Rainbow Rangers, an animated series about the adventures of seven magical girls; Llama Llama, an animated series; SpacePop is a music and fashion driven animated property; Thomas Edison's Secret Lab, a STEM-based comedy adventure series; and Warren Buffet's Secret Millionaire's Club, an animated series for kids. It also develops animated series, such as Superhero Kindergarten and Baby Genius. In addition, the company acts as a licensing agent for Llama Llama. It serves various customers and partners, including broadcasters, consumer products licensees, manufacturers, wholesalers, and retailers. The company was formerly known as Pacific Entertainment Corporation and changed its name to Genius Brands International, Inc. in October 2011. Genius Brands International, Inc. was founded in 2006 and is based in Beverly Hills, California.
Arnold Schwarzeneggar has entered into an agreement to become a significant investor in Genius.
Daily Chart / Indicators turning up, Bullish.
Looks like it's going to blow through the roof.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
AT&T Selling Gaming Unit for $4 Billion - LongNews hit right before the close.
AT&T in talks to sell WB games business in possible $4 billion deal.
Looks like a bidding war could erupt.
From the news release, Take-Two-Interactive, Electronic Arts and Activision are all interested in buying the gaming business.
This will give AT&T much needed capital.
I see the stock moving higher on this deal.
Going long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.