ROKUI think roku $240.00 support is important as well holding level above $257.00 is also needed. If $240.00 fails we can see $200.00 fast
ROKU
$ROKU | TRADE IDEAStill extremely early in the move. Looking for a strong conviction candle to the upside to confirm my thesis...
ROKU: OH WHERE OH WHERE HAS THE COVID RIPPER GONE????I keep having to draw support lines lower - that's not good. $264 is my bottom of the barrel buy and I'm layered in calls. When ROKU guys, she goes. Problem is...did they shoot themselves in the foot by not adjusting their core businesses for a post-covid world?
$ROKU | WEEKLY WATCHLIST 11/15Looks very similar to the PayPal chart with a high risk/reward setup here. IF the $270 level holds, we may have put in a major low. Looking for a break above falling wedge resistance to confirm my bullish thesis. May enter a starter position this week.
Massive 1 year inverted diagonal Head & Shoulders on RokuRoku is a buy in the blue zone (112 - 118). Ideal price is 116.
- That represents the 618 retracement from its most recent trough and peak.
- It's also where the 50 day moving average falls (118)
- And where the most significant short term structure is.
And here is Roku inverted on a longer term basis... Sometimes seeing charts upside down show things more clearly.
ROKU - DIVERGENCE - CONSERVATIVE DOUBLE BOTTOM MOVEAll,
Back checking my first anlaysis on ROKU seems very plausible. I see once again a 280-290s push here possible failure then double bottom or wave 2 retracement either one. Both are fine just know when it fails to sell and re enter more calls at wave 2 or double bottom.
Overall trend
1st move- 276 to 285-290
Alt 1st move - 276 to 273 (bottom of wedge again)
2nd move - 290 down to 275ish or 280 (2nd wave)
Alt 2nd move - 273 to 285-290
3rd move - 275/280 to 293/305
Alt move - 290 back to 275-280
4th move - 293-305 breakout to 315
Alt 4th move - 275-280 to 293-305
ROKU - STRONG CONFLUENCE SUPPORT & AVG $30+ BOUNCE OFF TREND All,
OVERALL (BULLISH 70/30)
I think we break out this wedge down here either now or one more attempt on bottom of wedge and hit 280-293. However, see details below. I am most likely going to hedge downside depending how Mon/Tues go. A breakout Mon-Tues I will just go into maintenance mode and watch it closely.
FUNDAMENTALS
Let's get to fundamnetals first. There are some "doubters" on ROKU. However, they may be right in the future as of NOW in the past quarter financialls and NOW as a company ROKU is very undervalued here reardless of future ROKU beliefs. If you want to be short next quarter for reasons "XYZ" totally get that. Arguing against ROKU after 600% EPS and customers Y/Y drastically increasing it's very obvious ROKU is worth 375+ at a "fair" valuation.
TECHNICAL ANALYSIS
There is a very stong support trend line here that is holding on average acting as support we have $30-$50 moves off of it regardles of what comes after.
MY POSITION(S)
$300 Calls Dec 3rd 2021 @ $3.65
(Will add pending non breakout by Tues) -- Either $265 or $255 PUTS for Dec 3rd 2021 (May want to add some regardless just as protection or even shorter timeframe)
**Remember on options you can close/sell at any time there is a good chance if I get that 293 clean and soon I might just sell there and take a pretty solid profit. Or sell half and see if we can break the downward trend to push 315-330 area.**
BULLISH
PT #1: 285
PT #2: 293
PT #3: 304
PT #4: 330/342 --- "wait and see if we can break downward trend will be 3rdish time so 50/50 it breaks barring any bad/good news. Also approaching Christmas/Black Friday time.
BEARISH
I think the bearish comes from the obvious part of it not being able to re obtain that 376ish level. We are currently above that other previous low of 372. A break under that signls a possible big downside of 240s. The other factor is the overall market/SPY/Holidays/Feds
PT# 1: 267
PT# 2: 255
PT #3: 244
PT #4: 220 (if we somehow got down 220-240 range I will immediately swap to 100% calls and a huge buy in as the stock would be at such a mind blowing discount.
ROKU almost time for me to flip long if $260 holdI have posted a short trading idea of ROKU a few days ago. Already took profit and flipped long at closing. $270c for next two weeks looks like a good risk reward, but always prefer to grab at least 4 weeks to avoid decay, long stock is less stressful for many as well.
GNW - THE MOST UNDERVALUED COMPANY IN THE MARKET? MIND BOGGLING All,
Lets get down to the financials on this one. Outside the fact this is absolutely going to break here with this bullish ascending tri. I mean take a look at P/B at 0.14... Price to Free Cash Flow ... 2?!?! I mean forward P/E is 4.98?
THEY HAVE 1BILL REV AND NET MARGINS LOL @$4. SOME COMAPNIES WITH WORSE FINANCIALS THEN THIS TRADE AT $15-$55 ON HIGH END.
Summaries
-EPS has not only grown over 5 years but even gotten better exponentially now.
-Price to free cash flow is essentially what Buffett looks for I mean holy hell not to mention P/B puts this as 1/10th undervalued (even though PB is an older valuation usage still)
Highlights
-P/S 0.25
-P/B 0.14
-P/FCF 2.06
-EPS past 5Y 40.10%
-EPS Q/Q 651.30%
These financials are real.. and disturbing this somehow is trading at $4
Negatives (about one)
-Float 500M (hard to move but does have options)
Positives
Market Cap 2.13B
Income 1.02B
Sales 8.36B
Book/sh 29.91
Cash/sh 4.47
P/E 2.19
Forward P/E 4.98
PEG 0.44
P/S 0.25
P/B 0.14
P/C 0.96
P/FCF 2.06
EPS
EPS next 5Y 5.00%
EPS past 5Y 40.10%
Sales past 5Y 0.20%
Sales Q/Q 1.90%
EPS Q/Q 651.30%
Bear trap on ROKUThe lower wick on ROKU today could have been a bear trap. Feel free to plan your trades accordingly ;)
ROKU Daily Wolfe Wave Setup There is a wolfe wave setup on the Daily time frame in ROKU. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 315 and then 330 gap fill . The price is expected to reach these targets within 14 days. There are several gaps above near 330 and 415. The yellow wolfe wave pattern uses a different length input value and identifies additional upside price tgt up to 415. There is a gap that is still open, it may or may not fill and just remain open into 2022. However, if the gap below 267 and the daily wolfe waves continue to display the present target prices, then the probability of success that both wolfe waves are correct become more likely to develop into a successful trade with excellent risk and reward.
$ROKU | WEEKLY WATCHLIST 11/8Key level to watch here is $272. We must hold this level else I see a further drop on this one. Risk/reward here is good.
Short $ROKU CMP $315Short $ROKU CMP $315. Repeating Head and shoulder pattern from past. Potential downside target is $270-275 area.
AMZNAMZN been printing higher lows on the weekly. AMZN needs back over 3554. AMZN over 3554 can cause a big breakout.
Trade Idea: 11/12 3600C over 3554 or you can see if AMZN can backtest 3500 early on Monday.
ROKU could find support around $260I think $ROKU could find support around $260, but would not rule out a long term target of $100 if things get ugly. So far printed almost a perfect text book gravestone doji if it wasn't for the afternoon bounce but still I'm not convinced that a sustainable bounce is coming. MACD on the 4D and 3D chart looks divergent still and that gap is pretty telling. I see Gaps as bookmarks that the algos leave to revisit later, but does not mean all gaps end up filling it is just that this one is pretty close of the price/vol action. Playing 2-3 weeks ahead 270 puts not bad risk/reward imo. Let's find out tomorrow and next week.
WATCHING $ROKU for 247.97 - Key Levels and Analysis WATCHING $ROKU for 247.97 - Key Levels and Analysis
So this is a little bit of a longer view… Looking for 248 level to start a position.
Earning’s on Nov. 3rd so I’ll look at it again after that… GL.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
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$ROKU | WEEKLY WATCHLIST 11/1Make or break level for Roku here. We must see a strong bounce this week ($25+ bounce) or else it looks quite rough for the outlook of this one...
FUBOA place that will interest me will be $25 on Fubo.. It is possible we breakout further but that is a great deal of support and would love to be able to average down at that level.
FUBO and ROKU might be able to run into the holidays . FUBO has tremendous upside possiblity.
ROKU hammerROKU had a very nice hammer on Friday with increasing volume at a great great location. The only concern is the daily 50 pushing down. This is a nice set up to consider but I will wait for one or two days. If it breaks out, I will buy a retest. If it trades sideways, I could consider this stop limit breakout.
ROKU LONG OPPORTUNITY NASDAQ:ROKU is currently looking very bullish. Long position placed with 6% take profit, as shown on the chart.
Good luck,
Your Ganbu
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