It's doing somethingInverted HS ready to break out the triangle. Be aware of earnings call on 02/15. I don't have any position here bc I'm already loaded with others trades but I might close out one of the losers to jump in on this one. Looks good.
ROKU trade ideas
ROKU is pulled back for re-entryROKU has been downtrending in a retracement of the uptrend from late May to mid June.
On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value
zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers
prefer to buy in either the under valued zone or the lower portions of the fair value zone and
then in turn sell high in that zone or above it in the over valued zone. The RSI indicator shows
RSI to have descended into the oversold zone where RSI is about 20. On the volume profile
price has descended into the high volume area where increased trading volume will support
price and likely push a reversal.
ROKU Reverse H & S setup LongROKU trended up paradoxically from less than a fairly weak earnings report about November 1
'23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a
retracement. Price is now forming a head and shoulders pattern having found that support.
It is above the POC line on the evolving POC and high volume area. Based on the latter,
I believe that it now has room for the upside to $104 for about 18% potential. With a stop at
$84 below the POC line, I see this as a safe play in the areas of technology and multi-media
at a lower price than NFLX and Disney.
ROKU - Bullish to $140ish.. Since the 100/200sma crossover in summer, ROKU has steadily increased. Elliott Wave shows it beginning wave 5 and resistance is $140ish, so I'm bullish to $130, where I will sell half of my position and trail half to the $140 target. Cheers!
ROKU broke main level at 96.50 high probability buy opportunityBull flag on 5m., 15m., 1H., 2H.,
earnings tomorrow
we broke the level which are trying to break last 2 months.
I buy some calls.,
next level to sell some stocks 100
Traditional cable TV is in the past. Idea for 08/02/2024Streaming TV software and hardware provider Roku Inc. could become one of the primary beneficiaries of the mass abandonment of cable television users. The company has several advantages over its competitors, offering video streaming services.
By the end of 2022, only 65.1 million US households continued to have traditional cable television , a decrease of 9.0% from 2021. The share of US households subscribing to cable TV also declined, dropping to 49.7%, down from 55.4% in 2021.
Given this shift, Roku's offering is particularly valuable to consumers due to its user-friendly, universal interface across multiple streaming services.
So, today, we suggest looking at the Roku Inc. (NASDAQ: ROKU) stock chart.
On the D1 timeframe, support has formed at 81.80, with resistance at 94.90. A subjective technical analysis figure, the "Inverted head and shoulders," has also developed and can serve as a signal for a reversal of the downward trend.
On the H1 timeframe, a breakthrough of the 94.90 level could set a short-term target for a price increase at 107.09, while in the medium term, it could hover around 118.20.
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ROKU ICT/STRAT playNASDAQ:ROKU : Looking for 1-3 reaction off daily order block, which respects current downward trendline, if it goes 1-3-2 that will also RE-trigger 2-2 1m. Set up presents itself whether you're using ICT or theStrat those are always the best plays high quality plays when used together
Longer-Term Path to Growth for ROKU StockWall Street has backed away from today's tag along bid in ROKU stock following a buoyant Netflix (NFLX) earnings related price spike in shares. But Roku's broadening pattern / uptrend on the weekly has signaled a candle low in shares with a neutralized and hairs breadth stochastics cross over also looking supportive. With earnings about three weeks out, and dominant industry position which makes ROKU worthy of a longer-term position, owning shares as part of a collar or one of its variations for both accumulation purposes and upside participation is a deserving position for bullish investors to consider imho.
Looking very bullish in the near future for ROKU!Thank you as always for watching my analysis on ROKU. Please feel free to like, share, and comment on this post. May God bless you!
ROKURoku, Inc. is an American public company founded in 2002. It produces streaming devices and smart TVs, licenses its technology to other companies, and operates an advertising business on its streaming network. Roku leads streaming TV distribution in the U.S., and reports 70 million viewers globally as of 2023.
Long ROKU at $83A few reasons to go long:
1. we just hit the 50% retrace at $82
2. we are completing a descending wedge (likely to break up)
3. there is a gap at $143 that aligns well with the 1.618 extension
Either way on Roku. Looking more bullish.Thank you as always for watching my analysis. May God bless you. I hope you learned something educational on this post!
Bearish flag?I'm shorting this, apparently is a bearish flag forming. You can buy puts too, give them some time like 2 weeks at least.
ROKU bullishgoing long in this area, weekly chart is retesting off of the 10sma
78min chart is right at the 200sma
Roku reversal Channel trade here..
Weekly candle rejected off channel last week with volume..
Closed below daily 21ema
Looking for a pullback to 81 gap close.
1st target 88$
2nd target 81 gap close
Entry - below 95
Stop loss - close above 21ema
ROKU - Minor Low BuyRoku has entered a solid G/G trend after earnings.
Prices consolidated between 11/3 and 11/13, before breaking out. Prices are not consolidating again into a shallow bull flag. I am looking for a breakout of Friday's bar for continuation
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ROKU
Trend G/G
Propulsion Yes
Vscore Yes
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 Yes
Entry 104.15
Profit/Breakeven 106.4
Stop Loss 25% Option
Option Option Play
19Jan24 100/105 Calls
Roku (ROKU: NASDAQ)Roku (ROKU), a leading video streaming service available across various platforms, has shown strong resilience, exceeding expectations with a profitable EBITDA of $43.4 million in the third quarter. This early achievement of profitability, coupled with a rebound in the digital-advertising sector, positions Roku for growth. Benefiting from the recovery in the digital-ad market, Roku aligns with major platforms like Alphabet and Meta Platforms.
The company is well-positioned in the connected TV space, especially with major streaming platforms introducing ad-supported tiers. With a notable 20% revenue increase in the last quarter, Roku maintains a bullish outlook, set above $92.00-$93.00, with an upside target of $140.00-$145.00.
Puts Roku at resistanceI just bought puts as shown. This is a strong pivot point. I think is going to pull back at least to the next support at 75.35 within a week.
ROKU Short Under 95NASDAQ:ROKU Short under 95 - retracement trade.
Fundamentally Roku is in a good position with positive EBITDA and positive guidance for FY24.
We could see some retracement in this post earning pop uptrend regardless. RSI and momentum indicators topping off.
ROKUAnother one I like for 100+ eoy
Deviated beneath and now reclaimed mid
Importantly, closing above its March swing high
No meaningful resistances from here through 95 range high
Feels like squeeze imminent
$ROKU Bearish to Bullish Reversal StartNASDAQ:ROKU Technical Analysis: The chart displays a clear break from its parallel downtrend, suggesting a potential change in trajectory and a possible shift in market sentiment for the stock. Waiting for bullish consolidation like a bull flag.
Roku, Inc. (NASDAQ: ROKU) Roku Shares Jumped 30% Roku Inc. (ROKU) shares spiked by more than 30% today after the streaming device and TV maker reported earnings results well ahead of analyst predictions for the third quarter alongside strong subscriber growth.
For the third quarter, Roku achieved an all-time high of 75.8 million active accounts, a net increase of 16% compared with the prior-year quarter. This represents a net increase of 2.3 million accounts over the second quarter of this year. Analysts had expected active accounts to reach 75.3 million for the third quarter. Roku's revenue growth also outpaced analyst estimates. The company reported a 20% year-over-year increase, reaching $912 million for the quarter, against predictions of $855 million.
Roku said the better-than-expected revenue improvement was driven by "strong performance in content distribution and video advertising." The company's Roku TV line, which launched in March, also contributed to revenue gains and helped to drive net active account additions.
Roku's net losses widened significantly, to $330.1 million for the quarter compared to $122.2 million in the prior-year quarter. Losses per share nearly tripled to $2.33.
Price Momentum
ROKU is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
