ROKU trade ideas
Roku Inc. Accurate ForecastHello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
ROKU Shares Could Fall to $350 This WeekROKU shares broke the top line of this linear regression channel on Friday, which means you can expect them to fall this week.
$ROKU going after 420 next few weeksAfter held .5 fib (316) this past Monday, quite a push past 339. If it closes above 390 today upward momentum should continue with earnings season heating up starting with NFLX
ROKU - EW analysis - correction and new high ROKU - It is in strong uptrend and the current cycle may finish soon. But the next correction will be good buying option. If down cycle confirmed in smaller time frame, then the short sell trade also can be taken with small risk.
Give thumbs up if you really like the trade idea.
ROKU Potential Bounce Roku has been selling off on low volume the past few days. Should push higher if it can hold 332.
ROKU Bearish Crab + Shark - over $400ROKU Crab and Shark (Yellow Pattern). lining up to complete approx 419.. follow price off Fib levels to 4.236..
Happy New Year!!!
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
ROKU Let's SeeCan we bounce of this light support line or make our way to the 50sma and find support. Options chain isnt as liqiud but can be a good scalp.
$ROKU held 20 MANeed to clear 339, 352, & 361 for the move towards 400. If 20 MA isn't defended, can see 300 before another leg up
Dunno??Possible ARC pattern
If it is, most parabolic arcs return to 50 to 62% of prior rise in correction mode. These are long term patterns but just keep your eyes open is all. I do not like this term as sometimes the stock continues up anyway..for a while...especially in this market~!
38% 248.45
50% 210.85
62% 174.20
79% 123.54
89% = 93.02 or even 100% is possible
Parabolic Arc patterns are generally rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
This is a daily chart, but it is easier for me to see the arc pattern on weekly. The orange is the 50 day MA and the red is the 200 MA
Just an observation
Other POSSIBLE ARCs I have noticed include SE, PTON, PLUG, DNLI, BILI, FIVN, SHOP, MGNI, OSTK, REGI, PINS, BEEM, GRVY, CRWD, BILI, ENPH, FVRR, MELI, and keeping my eye on TSLA, AMD and NVDA. OUCH! But even if these are ARCs, it does not mean there is not further upside as the ARC is a long term pattern.
Roku New Highs Soon - UpdateHIT THE BOX AND BOUNCED $13 at the time of typing this. The stock hit 211.50 after hours, therefore the chart doesn't show this. New highs soon.
Have no done fibs, but the chart will look something like that on its move to new highs.
Roku is fighting for its life!Macd crossed and it is below the 50 day moving average! Roku needs to come out swinging in 2021 to keep this historic run going. It is up over 100% from its previous earnings high of $160. I think we see Roku remount the 50ma and run from here.
$ROKU need to hold 339If it can hold 339 and close above 8 MA would set it up for another run towards ATH and more. If not can see 321 which is 20 MA
ROKU ROKU finding some resistance at the 2.618 extension level from the Sept 2019 - March 2020 decline. If Roku can break above $368 then our next target is $485
👀🚨SUNDAY WATCHLIST 12/27/20🚨👀ROKU - This one has just been on a continued rip since its HBO deal and has been great for scalps, day trades, & even swing trades with many more opportunities to play. Keep an eye on this very strong channel and play it accordingly. If it continues to hold, take calls off the bounce if it breaks take puts if it confirms outside. Just be careful of fake outs. This is up a lot but has great potential in either direction if you are patient and wait for solid signals.
