Rokubuy
ROKU Inc Options Ahead of EarningsIf you haven`t shorted the Double Top Bearish Chart Pattern:
or the Q2 earnings:
then you should know that looking at the ROKU Inc options chain, i would buy the $50 strike price Puts with
2022-11-4 expiration date for about
$3.35 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
ROKU WOLFE WAVE SETUP OVER THE WEEKENDThere is a wolfe wave setup on the 78 min time frame (ah=on) . 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 approx 75 which is expected to reach this price target before Sept 16. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way toward up to 80.
ROKU Wolfe Wave Daily SetupOn June 15, Roku triggered a BUY entry using the wolfe wave daily setup. This wolfe wave setup has two major moving averages that are potential targets 21 day ma and 50 day ma. In addition, ROKU is squeezing on the daily time frame. So if the markets open Tuesday green, then ROKU has a shot of moving approx 11%. If the squeeze triggers long and the momentum picks up such that the momentum histogram bars cross up and above the zero line the the momentum should stick with ROKU and achieve the wolfe wave tgt of 116 before Aug 9.
Roku Analysis 09.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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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.
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 weekly tgt suggests 600 by Jan 2022Weekly EW wave assumption is that wave 5 is still developing and assumes a 1.272 fib tgt of 600 in Jan 2022. I have ROKU 380C for next week and expect price to moveo to the 369.54 which is the mean value of the weekly bollinger band. Upper bollinger band tgt suggests 462.03 and Weekly Darvas channel tgt suggests 490.76
$ROKUShares of Roku dropped as much as 4.8% lower on Friday, hamstrung by a bearish note from Wells Fargo analyst Steven Cahall.
The pessimistic call on the media-streaming technology stock counterbalanced an upgrade that drove Roku shares higher yesterday.
Cahall downgraded Roku from overweight to equal weight, meaning that the analyst now believes that Roku shares don't provide an exceptional investment opportunity anymore. He also lowered the price target on the stock from $450 to $388 per share. That's still 16% above Roku's closing price on Thursday, but the Wells Fargo analyst sees better ideas elsewhere because this stock looks "fully valued" at current prices.
In my personal opinions I’m fairly flat on Roku.
I’m not bullish but I’m also not bearish.
On the technicals you can see price has broken out of its falling wedge on the daily and looks tempted to run.
With the MACD curling
& the RSI recently coming out of oversold territory.
I suggest keeping this on your watchlist.
- Factor Four
ROKU Cup & Handle - Is Now The Time?I'm expecting bullish momentum this week.
Pros:
- Potential bounce off the 200MA
- Great ER
- Bullish Divergence forming on the hourly chart
Cons:
- Potential "Double Top" pattern
- Strong Bearish Weekly and Monthly candles
- Handle is extending more than 50% of the cup. This may break your rule regarding this pattern.
A bullish bounce, if strong enough, could carry ROKU to $400 within 2 weeks. I'm swinging $400 8/27 Calls. I entered on 8/13 at 3:59pm lol
ROKU Potential Bull Flag PatternThe renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong.
The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag pattern.
We're looking for the breaking out of this flag after a strong bounce from the 100 Fibonacci retracement level, So prices could target $433.70 - $460.30 levels before hitting the bullish pattern's target - if confirmed - at $530.
ROKU 1D Long-term LONG/BULLISHROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our first TP (Take Profit) is at the 0.618 of the Fibonacci Extension ($536.07), HAVE FUN AND GOOD LUCK TRADING!
Traders gain losers complain!
Roku Race Is Coming!Hello again Guys!
Here I'm coming with such an amazing chance.
Here we see a wedge breakout + Divergence on RSI + Hitting a Fibo support, and then we are ready for the race with 3 main targets as shown in the chart.
Keep following the comments for updates.
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Ciao!
ROKU new ATH? 375 coming Roku is near closing deals to acquire Quibis Library, This news will easily push Roku to new ATH... currently in a nice falling wedge, watching for breakout and hold above 342.88, look for entry near 342 to retest that "breakout line" over that I'm seeing 375. levels annotated on the chart