Roku Breakout Soonpretty simple chart but should breakout pretty heavily with a cross of the top trend with volume
good consolidation intraday and flagging on the higher timeframes
ROKU trade ideas
Roku at a cross road?Volume has decreased with new highs (Bad sign). It's still holding that 403 support.. if it falls out of the channel first target is 379.49(Redline/Gap Close). As you can see it has fell out of its channel before . If ARK decides to buy the dip it could continue on. targets are green lines
ROKU extremely disconnected from trend lineFaded the resistance touch today. From the high, price is above the trend line by the 2nd furthest % since IPO. Look at how wide the space is between price and the trend line at the tops. Pullback usually revert to the trend line within about a month so which would run around $290-300 area by February. Watch out if this breaks down.
$ROKU resisted at 421.95So far resisted at 421.95. It might base in this range letting MAs catch up before another leg. 390 range should act as support
ROKU ShortRSI divergence
Short 420
stop 430
Target1 360
Target2 320
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
ROKU - Tracking a backtestif we see consolidation continue I will look for support in the 370-371 zone.
ROKU update - Bearish SHARK patternUPDATE:
$420 is short area... levels given... expecting retrace to $380. (38 fib).. cover area.. but def gonna pull.
Aggressive is short off $420 with stop above you can handle.
Price will react off fib levels provided.
SHARK pattern reversal.
Good luck!!!!!!!!
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.
