ROKU might be hitting that $196 support line next ROKU might hit that $196 support line before it bounces back out of this bearish run...
That line could be a good entry point.
R1KU34 trade ideas
ROKU QFL tradeRoku broke major support, looking at further downside and then a retest of broken level aka quick finger luc scalp trade. Earnings are good, I see no reasons why it doesnt retest it. layer in as it dips and layer out as it approaches ~265. As always, never financial advice
EOKU - LONGLooks like if we can't bounce off the resistance lines around $219, we're going around $197 or so for a bounce on this reverse head and shoulders?
Thoughts?
Roku Analysis 12.12.2021Hello Traders,
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$ROKU | WEEKLY WATCHLIST 12/13$ROKU 1D
I think we may have seen or atleast close to THE bottom. Watch for $211-220 region hold support for the next leg up. As long as we hold, we may see $300+ sooner than you think.
$275 EOWRoku with massive oversoldness. there is also new that they have expanded this year. the gap up this mornig ma provide a drive we need to push back to $300. fist stop is $275. but it must hold $250. Long above $240 short below. $235 should be the bottom area. lokking for $250 to break for a hold above $250 today
roku buys.would want to buy roku at 200 . would expect some downward move first before the upward swing.
Roku Double top not finish yet Gapped up to Resistance after being oversold here, breakout was rejected and we are heading lower here .
Next target is 176.. weekly 200sma is in that area
if it doesn't bounce there we are heading to the final target of 98$...
Unless it breaks out of that wedge (yellow lines) Treat each bounce as a dead cat
$ROKU potentially found Bottom with Volume at the 0.618 FibAfter a major Bear Run that started with a double top at $490ish... It appears that ROKU found bottom with volume around $197 region which equates perfectly to a 0.618 Fib Retracement Pullback. Risk and reward should be high and adding to ROKU on any down days post bottom should be beneficial for investors. ROKU has an attractive valuation at around 10 PS ratio based on 2022 Revenue Sales with approximate guaranteed growth of revenue around 30% or more. Additionally native content from ROKU has proved popular with the most popular movie/video in the world right now.
Trade Idea on ROKU | What I want to see before tradingToday we will take a look at ROKU.
What can we see from a technical perspective?
a) Currently, ROKU is on a Drawdown of 60% from the previous ATH on JUL 2021. And if we take the first top on February 2021, we have been on a drawdown period of 290 days +
b) The main bearish structure we have right now is the descending channel. While the price stays inside that structure, I will keep thinking that the price is on a solid bearish trend. However, based on past behavior, I think we may see a breakout soon.
c) OK, what do I want to see before trading if the breakout happens? So, the first filter is the breakout, and after that, I want to see a 5 to 10 days structure with the proportion you can see on the chart (yellow ABC flat pattern).
d) IF all the previous filters happen, I will open positions on the green horizontal line (new local high), stop loss below the correction, and target the last broken ascending trendline.
e) The risk I will be taking on a setup like this is between 2% to 3% of my trading capital. The expected duration of the setup (if everything goes as expected) is between 30 to 60 days.
f) It's important to say that if the filter doesn't happen then, you don't trade :D that simple. And if the filter happens and the trade is executed, the odds of being right is around 50%. However, the risk to reward ratio we will be looking for here is around 2.5
Feel free to share your view of the current situation in the comments! Thanks.
ROKUOn the weekly chart ROKU has seemed to find a bottom after breaking below the neckline of the head and shoulders pattern, support is around $222. ROKU has formed a doji candlestick which looks to indicate a bullish reversal, the daily chart appears to show a future MACD crossover which is also another bullish indicator. A break below $222 support invalidates this bullish thesis, as it will makes it way towards support around $200.
Watch RokuROKU got close to testing 221 resistance today, if it can break and close above then it can test 239 resistance next.
ROKU MAY GO LOWER TO 245NASDAQ:ROKU
ROKU May go to $$245 its a good entry. Has a major support at $271. If rebound from $271 we need to wait for buying zone 1.
ROKU upside targets + trade planROKU upside targets 4h timeframe. Above 260 fib can easily run to 310, where I'd expect it to come back down to 260 for a gift entry.
ROKU Beautiful Breakout (ABCD Pattern)This morning ROKU gapped up at open above 221 resistance and rejected 239 resistance, but shortly after continued in an uptrend, forming a textbook ABCD Pattern. If you bought at the dip (Point C) or shortly after the price broke above 239 resistance, you got some nice profits and were able to ride all the way to Point D if you sold at or above 252 Resistance. Although ROKU continue to move upward towards 260 by EOD, my initial price target was 252 resistance and it was a beautiful trade. Support and Resistance levels with a basic understanding of chart patterns is all I need, it isn't necessary to make things overcomplicated, keep it simple :)
ROKU BULLISH LONG TRIMNASDAQ:ROKU
ROKU We may see it rebound to 302-364 . Stop loss 216 . up to 3Months
ROKU going for the big swingTodays price action confirmed the reversal from bottom. It closed near intraday high. As long as it doesn’t drop back under the 20 day, which I don’t think it will, then it’s looking good for a big swing to break $270 then to $285 then to the moon $ROKU
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Gap fill? put trade?Created the gap in the morning and looks like it hit my downtrend line and got rejected, overextended from the 5ema on the daily chart and also overbought on most smaller charts( 1h, 30m etc) on top of these signals weekly chart has a death cross. I think it ran too fast and might get pulled back a little. In addition to that the weekly death cross has me thinking it’ll come to the 200ema on the weekly chart. Is todays candle a bull trap?
ROKU, Time to move?With news, price is breaking out of a descending channel, has to reclaim 239 then 240 to confirm a full break imo.
ROKU looks oversoldROKU has not performed well over the last few weeks. It has been under heavy selling pressure since its last earnings report. I am considering a long position for 2 reasons. First I believe that the stock has sold off to an area of consolidation that may interest some buyers. It is a zone between 218 and 228 (rather large range). Secondly, and more importantly, the RSI has shown a reading of below 30 for a while. Historically if RSI has been below 20, it has proven to be a good buying opportunity for this stock. I think that a close above the 5ma will be a sign for a reversal of momentum. I think an acceptable target is 240 and then 245 after that.
ROKU earnings on the long side I can see an eventual trip up to 580 on ROKU with a blowout earnings report (please note, this isn't a 2-3 day price target, this is longer term).
Otherwise I see 387 on any bad news or non-event type of earnings call/report.
Buy $ROKU - NRPicks 12 NovRoku, Inc. together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform enables users to discover and access various movies and television episodes, as well as live sports, and others.
Revenue TTM 2.5B
Net Income TTM 286M
EBITDA TTM 383M
EBITDA Margin TTM 15%
Debt/EBITDA TTM 1.18x
