Roku LongAccumulate between 166.43 - 163.5
Target area 1 178
Target area 2 190
Target area 3 202
Stop loss 139
ROKU
Has ROKU finally found the bottom?ROKU has tanked drastically from it's high of 490 in July '21 to it's current price of 151 during the major selloff which has affected nearly all Cathie Wood-type stocks. Namely, unprofitable growth/tech stocks.
Interestingly enough, on January 24, ROKU printed a bullish hammer with above average volume, bouncing precisely on the 161.8% extension from the May '21 low to July high. Indicators are also signaling extreme oversold levels along with bullish divergence. The last time ROKU showed bullish divergence like this, it went on to make a new ATH.
Short term PT can be 160 or the small gapfill above at 166. Further out, we can see ROKU break out of the trend line and test 190. Of course, anything can happen and ROKU can freefall to pennyland especially given the current market volatility and climate we are in (inflation, anticipation of feds rate change, Russia/Ukraine) but I like my chances here. Just my hypothesis.
ROKU : RESET / POSITION TRADEThe Cable Box Is a Relic of the Past
Linear TV has offered viewers thousands of channels for a seemingly low price, but users today want more modern options and a better deal. While ~86 million households in the US still pay for linear TV, its days seem to be numbered.
Disruptive innovation typically follows a pattern: it evolves slowly at first and then all at once. Since peaking in 2011, the number of US linear TV households has declined 2.1% at an annual rate. That said, according to our research, by 2025, the number of US linear TV households will be cut nearly in half, from ~86 million at the start of 2020 to ~44 million, a level last seen more than 30 years ago.
As was the case with print media, we believe ad dollars are likely to shift from linear TV to more efficient platforms like streaming, a trend that traditional media companies have recognized. For example, during the past year alone, Comcast, Fox, and Viacom have acquired three players in the ad-supported streaming space: Xumo, Tubi, and Pluto TV, respectively.
That said, connected TV platforms are becoming a threat to traditional media companies. TV operating systems like Roku, Fire TV, and Android TV motivate many, if not most, television purchases. During the next five to 10 years, if the ad market for streaming soars, as we believe it will, TV operating systems like Roku will benefit from the share shift in revenues, taking 30% of the $70 billion ad load on each of their channels.
SOURCE : Nicholas Grous, Analyst, March 09, 2021, ARK INVEST
ark-invest.com
ROKU - Confluence zone (opportunity for bargain hunters)???Confluence includes:
Fib Extention and projection cluster zone
Diagonal and horizontal support confluence
Divergence building
Price fell 70% from High
While I feel there is a lot of competition in the field ROKU is playing in and longer-term they may have harder times, there is a potential that market bargain hunters jump in at these levels, the key will be to wait for a confirmation trigger confirmed by price action on a smaller time frame.
Market volatility is very high and the fact that this potential trade is against the trend dictates being very nimble.
Short ROKU CMP $180.41Short ROKU CMP $180.41. Price continue to fall for $ROKU. After my recent short target $205 area achieved, I think stock has more room to go down and is heading towards $160 area where it started it's major run. MACD turned negative and it's trading below all the major moving averages. Short target of $160 area in coming days. Various support and resistance are marked in cyan color lines. Setup is invalid if it trades above 20 SMA price level.
ROKUSo far lost ~70% from ATH.
RSI ~25 range (Oversold territory).
It has two scenario based on how fed/market plays.
Scenario 1 is bounce from ~150 otherwise bounce from ~117 range.
Both are strong support levels.
Once should be able to open poistion and avegrage down in case it goes to 117 range.
ROKU the next Netflix ? In terms of selloff i mean.
If you remember, Roku was a Netflix project in 2007.
Roku TV founder Anthony Wood created Roku and started the streaming boxes without Netflix taking a risk.
ROKU is embarking on its original content journey in a market with strong competitors.
Waiting for the stock to come to the high volume buy area.
ROKU: IS THIS WHERE WE GO UP AGAIN?ROKU:
Weekly chart currently sitting on the 200ma .
At historical support -resistance zone.
Demark Sequential Buy 9 daily.
RSI a bit oversold on weekly. Bullish divergence on daily.
Are we bouncing here or do we keep going down?
Whatever is it, I like the good risk vs reward long entry here.
You might argue that we're going against the trend and you're right, however he odds favour the bulls.
Long term investment, swing or short term trade? Your choice.
Stop around 155.
Trade safe!
$ROKU Bull Thesis Volume Analysis for the ROKU 1 Hour Chart. Will have 15m analysis posted soon. There were tons of buyers rushing into ROKU on Friday afternoon. Ready to see how this plays out tomorrow
A chart is better than a thousand tales..!On July 15th,2021 when was 404 I published my short analysis for ROKU! in less than 6 months, it went down almost 60% to 173.65..!
Now I think it could experience a nice 20-30% rebound..!
Best,
Moshkelgosha
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ROKU bullish setup ROKU hitting a big buy level for me here. Major TL support and major price zone tagged here. Targeting a run towards 199-200 which coincides w prior pivot level and Fibonacci retracement level. I am taking next weeks 195/205 call debit spreads for 2.25 debit, looking for 4.00 on half and then looking to add a 205/215 call credit spread to turn it into a lower risk to risk free butterfly. Trade at your own risk
Roku entering DCA zoneAfter falling 64% from its highs over the last 5 months, Roku appears to be heading into solid support. We appear to be at the bottom of a Falling Wedge (bullish)... The tip of the wedge lands in a Supply Zone... We have bullish divergence on the daily chart... and we have multi-level Seller Exhaustion. On the down side, we still appear to have heavy resistance and negative pressure to work through. We could see a small bounce here, but I think it's likely that price still has a little more to drop. I think this is a good place to start averaging into a long position.
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These are my personal views and not financial advice. Please do your own research before investing.
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Buying ROKU HereRoku down 60%. They have a huge market share of streaming and will continue to grow. Weekly RSI bottoming out. Tight stops for a flush but will bottom tick it. Not advise.
ROKU: Bearish retest of the 50d? ROKU trying to break out over $237.44. Over that and the 50d ema looms at 257. Could be a great trade this week.
$ROKU | WEEKLY WATCHLIST 12/27$ROKU 1D
Looking really good into this week. Overhead ATH trendline is the key here. Over this, we can see accelerate to $250, $270 and $300.
$ROKU | Watchlist #4 | 12/27 - 12/31 ROKU +235
(Over $235 for calls)
Technical analysis: Bull flag breakout
$ROKU | WEEKLY WATCHLIST 12/20$ROKU 1D
Pretty nice chart showing more upside potential to come. As long as lows hold and market strength resumes, we can see Roku test the $270-316 region before any significant pullback.
RokuIf daily candle closes above 239.90 next week buy calls on pull back to upper resistance.
2 week expiration for option
$ROKU under 200...Losing 200 again on bad news not good for $ROKU with sharp selling today. We will see if it can consolidate in this area, otherwise, not good...
ROKU Dip Buy Opportunity ROKU can be seen to dip and peak out of this channel
The dips seem to be more often
Currently we are at the point of a dip
Going long is wise, no leverage
ROKU would be an amazing opportunity if it reaches the $190sIF it reaches this $197 or so support line it would be an amazing opportunity to buy!
ROKU might be hitting that $196 support line next ROKU might hit that $196 support line before it bounces back out of this bearish run...
That line could be a good entry point.
EOKU - LONGLooks like if we can't bounce off the resistance lines around $219, we're going around $197 or so for a bounce on this reverse head and shoulders?
Thoughts?
