NASDAQ:ROKU has lost support at the yellow trendline and has approached a key green support zone. The price is currently trading above the buy zone, and I would look for an entry within the green zone preferably around the lows at $54.
NASDAQ:ROKU has lost support at the light blue trendline and has approached a key green support zone. The price is currently trading above the buy zone, and I would look for an entry within the green zone preferably around the lows at $54.
ROKU potential short play Nasdaq listed stock Roku shares dipped 1.8% in pre-market after Truist downgraded the company to a hold from a buy rating, saying that the streaming stock is hypersensitive to a tough macro environment given that a large chunk of revenues are tied to advertising. Do people even use ROKU, we think it the offering is pretty lacklustre to...
If 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...
Roku Short Term We look to Sell at 98.40 (stop at 107.29) Preferred trade is to sell into rallies. Bespoke resistance is located at 98.40. Posted a Bearish Outside candle on the Daily chart. This is negative for sentiment and the downtrend has potential to return. Our profit targets will be 73.29 and 61.10 Resistance: 100.00 / 140.00 / 178.00 Support:...
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.
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...
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.