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R1KU34 trade ideas

Falling Wedge- Bullish - UpdateROKU still holding this falling wedge after selling off on earnings, however, finally looks to have found some support. Bullish and be watching closely for a breakout from this wedge (broader market conditions permitting)- Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish - Falling Wedge - ABCD Harmonic Pattern Formed - Bullish Hidden Divergence on the RSI - Buyer Volume Starting to Pick Back up PT1- $280.01 PT2- $281.73 PT3- $285.36 PT4- $288.80+ -Previously Charted-
NASDAQ:ROKULong
by jacobosiason7
2
ROKU - DIVERGENCE - CONSERVATIVE DOUBLE BOTTOM MOVEAll, Back checking my first anlaysis on ROKU seems very plausible. I see once again a 280-290s push here possible failure then double bottom or wave 2 retracement either one. Both are fine just know when it fails to sell and re enter more calls at wave 2 or double bottom. Overall trend 1st move- 276 to 285-290 Alt 1st move - 276 to 273 (bottom of wedge again) 2nd move - 290 down to 275ish or 280 (2nd wave) Alt 2nd move - 273 to 285-290 3rd move - 275/280 to 293/305 Alt move - 290 back to 275-280 4th move - 293-305 breakout to 315 Alt 4th move - 275-280 to 293-305
NASDAQ:ROKULong
by DigitalData
ROKU - STRONG CONFLUENCE SUPPORT & AVG $30+ BOUNCE OFF TREND All, OVERALL (BULLISH 70/30) I think we break out this wedge down here either now or one more attempt on bottom of wedge and hit 280-293. However, see details below. I am most likely going to hedge downside depending how Mon/Tues go. A breakout Mon-Tues I will just go into maintenance mode and watch it closely. FUNDAMENTALS Let's get to fundamnetals first. There are some "doubters" on ROKU. However, they may be right in the future as of NOW in the past quarter financialls and NOW as a company ROKU is very undervalued here reardless of future ROKU beliefs. If you want to be short next quarter for reasons "XYZ" totally get that. Arguing against ROKU after 600% EPS and customers Y/Y drastically increasing it's very obvious ROKU is worth 375+ at a "fair" valuation. TECHNICAL ANALYSIS There is a very stong support trend line here that is holding on average acting as support we have $30-$50 moves off of it regardles of what comes after. MY POSITION(S) $300 Calls Dec 3rd 2021 @ $3.65 (Will add pending non breakout by Tues) -- Either $265 or $255 PUTS for Dec 3rd 2021 (May want to add some regardless just as protection or even shorter timeframe) **Remember on options you can close/sell at any time there is a good chance if I get that 293 clean and soon I might just sell there and take a pretty solid profit. Or sell half and see if we can break the downward trend to push 315-330 area.** BULLISH PT #1: 285 PT #2: 293 PT #3: 304 PT #4: 330/342 --- "wait and see if we can break downward trend will be 3rdish time so 50/50 it breaks barring any bad/good news. Also approaching Christmas/Black Friday time. BEARISH I think the bearish comes from the obvious part of it not being able to re obtain that 376ish level. We are currently above that other previous low of 372. A break under that signls a possible big downside of 240s. The other factor is the overall market/SPY/Holidays/Feds PT# 1: 267 PT# 2: 255 PT #3: 244 PT #4: 220 (if we somehow got down 220-240 range I will immediately swap to 100% calls and a huge buy in as the stock would be at such a mind blowing discount.
NASDAQ:ROKULong
by DigitalData
1
ROKU Daily Wolfe Wave Setup There is a wolfe wave setup on the Daily time frame in ROKU. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 315 and then 330 gap fill . The price is expected to reach these targets within 14 days. There are several gaps above near 330 and 415. The yellow wolfe wave pattern uses a different length input value and identifies additional upside price tgt up to 415. There is a gap that is still open, it may or may not fill and just remain open into 2022. However, if the gap below 267 and the daily wolfe waves continue to display the present target prices, then the probability of success that both wolfe waves are correct become more likely to develop into a successful trade with excellent risk and reward.
NASDAQ:ROKULong
by TOSOPTION
3
Roku Earnings PlayDescription: Earnings after close on Wednesday, taking advantage of high IV on same week options and covering with next week's (Calendar Spread). From Deltaone on Twitter: twitter.com 76% expect beat 9.5% move priced in 7.7% avg move post earnings in recent quarters Long Call Calendar Spread Levels on Chart Break-evens 344.96, +12.89% 275.74, -9.77% Downside also protected by support established in DEC of 20. R/R: ~5:1 Positive R/R, stop loss levels built into position. Intend to close before near term expiration. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 307.5C SELL 11/05 307.5C Only invest what you are willing to lose Break-evens and R/R vary on fill
NASDAQ:ROKU
by BarnardR
6
ROKU could find support around $260I think $ROKU could find support around $260, but would not rule out a long term target of $100 if things get ugly. So far printed almost a perfect text book gravestone doji if it wasn't for the afternoon bounce but still I'm not convinced that a sustainable bounce is coming. MACD on the 4D and 3D chart looks divergent still and that gap is pretty telling. I see Gaps as bookmarks that the algos leave to revisit later, but does not mean all gaps end up filling it is just that this one is pretty close of the price/vol action. Playing 2-3 weeks ahead 270 puts not bad risk/reward imo. Let's find out tomorrow and next week.
NASDAQ:ROKUShort
by gumoca
Rectangle/ Earnings today!Roku is close to the bottom trendline of the rectangle which is support. If trendline broken it becomes resistance. If lower trendline is broken with a downtrend, targets could be to the downside. Wide channel/204.63/and earnings are today after market close. Weekly low is 280 so price has pierced bottom trendline. If I were o go long I would place my stop under 272 which is not ultra close by. If I were to go short, I would place a stop above the bottom trendline after price has broken it with a downtrend. Since I am unsure, I will do nothing (o: Bearish divergence a while back which has corrected by this point in time. No recommendation
NASDAQ:ROKU
by lauralea
2