Rokucall
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.
WAS ROKU sell-off predictable??Of course it was! The Double Top is one of the most obvious chart patters you can find:
And i think it might go just where it all started: at the Covid lockdown level of $59.
I know that today ARK bought around 400K shares, but i think they are wrong, ROKU hasn`t bottomed yet!
Looking forward to read your opinion about it.
Was the ROKU sell-off predictable?I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
Now, after the earnings, i see a retracement to the May 2019 level.
Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected
For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.
Roku Analysis 09.02.2022Hello Traders,
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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 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 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 setup for gap fill at 455Interesting risk and reward for both long puts and calls. Roku closed slightly under the 6 day ma. A break below the 8 day ma opens the door down to the 21 day ma which is approx. 10% drop; however, if ROKU closes above the 6 day ma then there is a gap at 454 which is approx. 10% move higher. Although there is no squeeze setup on the 78 min time frame, there is a setup on the 39 min with yellow D breakout levels. We have monthlies for this particular setup and remain extremely bullish. Losing for ROKU to take out 52 wk. high and run toward the 500 psych tgt.
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 - sympathy play for NFLX ROKU bounced off of the 21day sma on the daily and using it as a support. This is a good entry to long into NFLX ER in anticipation of a positive earnings which will give ROKU some sympathy run. ROKU did the same thing when NFLX had a good ER run last Quarter 2021
I would grab weeklies which would be a lotto.
ROKU bull pennant?Watching ROKU here for a breakout of this bull pennant if it fails i see a bounce at $229.32 back to $255. Under 225$ price is going to support at 218$
my plan: SWING 255C exp. 11/27 1.42 - 1.56 scale in at open or if its up pre market enter light on a dip ($229.32, .618 fib), mental stop loss or avg down at $225.80 (.786 fib)