ROKU IDEA!I love this setup of $ROKU. It had very tough time but I believe its ready to go green the next couple of weeks. Let’s watch it!
R1KU34 trade ideas
ROKU reverse H&SRoku looking pretty good here. Been massively beaten down and due for a correction. Reverse H&S and indicators are looking pretty good. I think it could fall a tiny bit more before it pops but if you zoom out to pre-COVID (the thin green lines on my chart) you'll see it has reverted to that channel / mean and actually just dipped below it a bit, so barring something insane it should only go up from here. GL
ROKU, short term bearish, long term bullishCurrently in Wave-4 correction, which most possibly will take it to 61.8% of Wave-3 towards weekly pivotal line and then rally up.
ROKU - Falling Wedge Breakout + Bull FlagWeekly Timeframe:
Strong Hidden Bullish Divergence
"Batman" Pattern
Major volume spike at $100 bottom, aligning with previous support areas
Daily Timeframe:
Broke out of a Falling Wedge
Bounced at an RSI-based supply zone
Formed Bull Flag just under supply zone and volume shelf
65m Timeframe:
Bull Flag under supply zone
Rejected Trendline formed from March 15th bottom
Volume and flow suggesting short term bullish sentiment
I expect a bounce for the severely beaten-down stock. Whether it will be a full revival to all-time highs, I cannot say, though I am quite doubtful. Playing the short term bounce. I am leaning bullish, but will stay neutral and watch price action.
With a breakout from the bull flag:
PT1: $136
PT2: $140
PT3: $142
PT4 (Stretch): $148
Failing the trendline would invalidate this setup and could be cause for puts.
Roku Trade Setup! Hello Everyone! From an Elliot wave perspective, This is a super clean chart. The recent 8 month decline in roku was sharp and didnt correct up in any way. It also reached the .786 retracement of the entire move up since IPO. Because of this, I believe we are in a wave B of larger wave 2. I would wait for roku to drop around 110, and go long targeting 190-250. From there, I expect prices to reach 55 where there is major weekly liquidity that needs to be filled.
$ROKU Trading it 3/31below 128
121-124 possible intraday
idea only valid if market red/negative 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
Roku 3x a charm !!!!!! See you on top Strickly the best!!!!!!! This a pure example on how charts show you the road
ROKU Similar SituationsUsing the parabolic glitter indicator it can be seen a brief double top period has repeated (in red rectangle), price following this structure should follow also.
Bars pattern placed is just a guess of how price will behave on this daily timeframe
ROKU breaking downtrendROKU could be setting up for a big move. MACD on the weekly chart has turned green, on the daily the ultimate oscillator is showing bullish divergence and we just broke over the downtrend. Looking for a move to $140 in the short term.
ROKU - breakout from Breaking out here from the resistance trendline and looking promising
💰 take profit: 134.7 / 141 / 154
📉 stop loss: 117.7
Starter
- add 129.58 / 130.87
Roku: Alt count Elliott wave - uber bullishThis is an alternate count which I have to admit has some minor issues. But overall there is no degree violation that I can see. Time will tell, but this looks ridiculously bullish.
ROKU: Looking for a decent move up (Elliott wave)Looks like Roku has finished a cycle wave 1 with a massive leading diagonal structure. The downturn might not be over just yet, but it is looking like the next move up is starting. Looking at the structure, the wave 2 should have had a deeper retracement than just about 50%. Usually a leading diagonal is followed by retracement over 78%. This may mean the current decline is only the first phase. We will get a decent B wave bounce followed by wave C decline. It is also possible that ROKU is in it's larger degree cycle 3 uptrend that started last week. In that case wave 2 was shallow and wave 3 can be very bullish. We should have an idea in the new few weeks.
Either we have wave 2 complete or not, the next move should be up. Even if we get one more lower low, on a larger degree we should be looking at a decent upward move for the next few months. There is no good way to tell what the next upside target will be at this moment. Things will start to get clearer as the next few waves structures start to build up. For now the upside target could go anywhere from .618 to 1.236 extensions from the last high to recent low (somewhere between 263- 704). At that point, if we have a choppy 3 waves structure rather than a clean 5 waves, it would be biased more towards wave B than wave 3.
All that is still far out right now. For now, I am building long positions with bullish butterfly options. The short side is only to protect against the downside risk. I did buy a couple of leap long calls but a very small position. My bias will be in line with what NDX will be doing in the new few weeks and months.
ROKU: 90 then 300 then 30Roku will not be returning to new ATHs anytime soon. If you are LTBH, stay far away. Traders can make some $ on the B-Wave bounce
Roku inverse C&HInverse cup & handle forming. Break below support & we could expect a drop to next possible support.
ROKU Pain Critical level at 102.60, break below this previous low at 102 should lead to a dive down near the next critical support area around 60 dollars
ROKU LONG !!Weekly support! Hammers on the bottom. RSI justbounced out of that oversold on the Weekly! Price gargets: 140, 178, 190.
Got my self some short term calls (expiring in 3 weeks, a little OTM)
$ROKU trading it 3/9Below 111 104-107 very possible intraday, 102.5 is HUGE level would roll up profits for a swing to downside (puts)
Not financial advice just saying if it were me, I would take the 105 P from 111 -> 104-107 & if 102.5 is taken out & market pushing down then would roll up into next week 95 P
market & $ROKU need to be pushing down
ROKU - Short Term Target - 29%+Looking for ROKU to hit the Upper Bollinger Band .
Confirmation happened, can open trade, preferred entry on next break between $128-$133
Stop Loss $125.
Target Upper Bollinger Band (Currently $181) - Target will be dynamic.
By the way - this is not investment advice...
ROKU - Bullish Shark Harmonic ReversalNASDAQ:ROKU just hit the harmonic PRZ level of bullish shark harmonic pattern. Stock might see a short term bullish reversal from here.
ROKU 1D Wolfe Wave 2/25 BullishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
ROKU doing well - looking for more upside in coming weeksThere are two trades here. One is a move back up to the yellow line. Next, if the line breaks, is a longer duration move up to 200+.
The yellow ovals mark three "waves" into oversold RSI and each one has gotten smaller.
Also note directional selling is over 40 and as this red line lowers and sellers come back in, price should get a boost.
ROKU - Double Top Play (Risky)NASDAQ:ROKU saw an incredible run up of about 10% yesterday, where majority of the market were still left bleeding.
Do note that this is a risky play at the moment, as NASDAQ:ROKU is at a strong support if you look at the weekly timeframe. Nonetheless, the risk to reward seems attractive at this level. This is because we saw a massive run up from the previous trading day at open. The faster the the move from previous price levels, the faster the drop when price breaks through the resistance turned support.
Conservative traders can look to enter if price reaches and gets rejected at resistance again as that would present a triple top setup.
Happy Trading
nice bounce on ROKU 👀roku seeing a nice bounce off a strong trend support, if it breaks above trend resistance we can target 170.39-240.40, if trend support breaks it can dip to 58.37-19.17
like and follow for more!💘
