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Rokulong

ROKU - 8.72% Potential Profit - Ascending TriangleBe careful - earnings tomorrow. I suggest you wait for earnings to be out to then confirm or dismiss the below theory. Once out, I would place an entry with a Limit order to confirm the breakout. 5-month uptrend with Support confirmed multiple times over the past 5 months. Ascending Triangle formed within, breaking through consolidation with an opportunity to touch a new resistance at Sep19 all-time high. - 5-month uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $158.92 Suggested Stop Loss $154.41 Target price $175.43
NASDAQ:ROKULong
by maschera
2
ROKU EarningsROKU has formed an amazing setup ahead of its ER this week. After a higher run up at the beginning of July, it has consolidated into a great bull flag that looks ready to take off again before and after earnings. Using the length of the flagpole ROKU has a good long term bullish case to reach a new ATH and potential push further towards $195 or even $200. Note that the RSI is slowly reaching that overbought region so it may be due for some further consolidation before hitting those levels. In the meantime, ROKU's ER run up provides a good opportunity to ride the wave up. We know that ROKU can be a fast mover, and I think there is potential for a big single-day gain as it nears earnings, and maybe even after. Remember, however, that playing earnings is even riskier than normal options trading, so be aware of the IV heading into this week.
NASDAQ:ROKULong
by nmatto
1
Roku longHere is an easy ta for roku long: So, after corona comeback from 60 we are now trying to break the very important resistance around 130 $ mark. This resistance works as clash of bulls and bears. Please watch notes for understanding the relevance of this resistance line. Indicators: BB: Bands open easiy after close range movement, SMA 20 works as support, tendeny up, stock price is moving by upper band so could a lttle bit pull back, bullish signal 200 day SMA: stock is above this trendline, bullish signal RSI: Crossing around 50-60, bullish signal MACD: Crossing around 2-3, tendency up, bullish signal Volume: light rising, no signal I startet long position: Stop buying limit: 131 $ (If close above resistance) Stop loss: 110 $ ( Closing under trend line) Take profit: 160 $ Good luck for your trading Any comments are welcome :)
NASDAQ:ROKULong
by Hornetcharts
1
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.
NASDAQ:ROKULong
by XForceGlobal
ROKUWent back and started from a clean slate on this as I felt something wasn’t adding up with the counts. Though my count is little different, nothing has changed from my bias of reaching 138+ zone and entering a potential short. After redrawing, I think we just went through a wave 4 retrace (blue number) with a flat a - b - c correction. Wave count and fib lines when drawn help to confirm this, for me at least! With this view, it makes more sense and better clarifies my belief that this relief rally isn’t over. I see this wave 4 correction completed which puts us in the position of a 5 wave move up. Game Plan: key support at 118.12. I’ll look for price action to confirm upward movement. If we gap up at open, helps to confirm my count. If we gap down, will watch that key support. I’m leaning upside still to get to that supply zone. If we open flat and hold the demand zone, I’ll look to enter a small risk upside play but will look to lock in profits early—if they happen—as anything above 135.47 I think is fair game for a reversal.
NASDAQ:ROKU
by PT_Marche
4