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R1KU34 trade ideas

Multi-Support Reversal Long: ROKU 220Primarily looking for a reversal play, the drop represents a nearly 50% pullback from the 52-week all-time high. ROKU bounced several times from this critical 220 level. Established a respectable buying volume profile around this level, with additional support at a $200 inflection point. The chart is curling with a cup and handle pattern forming on 4Hr chart Holding long term trendline support and regressional channel Fundamentally driven trade, high-growth large-cap Adtech trading at 8.4x EV/Sales NTM. Timeframes Used: 1 Day, 4hr, 15mins Entry: $220-230 Exit: $255 Partial, ride rest. Stop: under $200, near 15% stop loss
NASDAQ:ROKULong
by johnnyh98
$ROKU Oversold - Buy the Blood$ROKU Oversold - Buy the Blood This is the most oversold this stock has been since the pandemic market lows of March 2020. I'm expecting a bounce here sometime in the next week. Great company with solid earnings. This selloff is overdone in my opinion. Avg analyst price target is about $408 right now, with vast majority giving it a Buy rating. Near term target: $275-$300 range possible by year-end Note: This is NOT investment advice. Educational only.
NASDAQ:ROKULong
by Triple_Barrel_Capital
3
IT IS TIME for reversal! $ROKU stock analysis.Hi everyone, Today we are tackling NASDAQ:ROKU stock price downfall. Why has it been falling so hard for the past couple of weeks? In fact, Roku stock has been losing in price every month since July. And losing a lot. It is now trading at 50% below July's highs. That's insane. Roku was a major COVID theme play, as everyone expected the stock to benefit from lockdowns. Indeed, it had grew massively and was overpriced in July-August. Is it a hopeless stock now? As practically all COVID-benefitting stocks in the past month, NASDAQ:ROKU stock was losing in price. After Q3 earnings report it dropped another 15% in a week. Although the report was not terrible. My verdict : the stock is now suffering for its massive overvaluation by the public. The Analysis. From a technical standpoint, it is almost time for a huge reversal. Looking at the last year's Volume Profile, we can see that 311-362 price zone saw the majority of volume traded with a POC around 317 . Now the price is far outside the Value Zone and approaching a support line. Price surpassed important 272 level. I expect the stock to reach 200 zone in a near future for a buy. Although, it is a conservative lower risk play. Stock already poses a pretty tempting buy opportunity. In the long run, I expect the price to test orange resistence line above. AND if we break it, honorable return to high-volume zone of 310 and above is due. As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NASDAQ:ROKULong
by AyBe_Invest
Will ROKU reverse?Despite positive earnings ROKU stock price suffered. With a recent rejection at the top of the channel ROKU could use the bottom of the channel as support. $271 is an important support level, a price bounce off the support level would act as a potential entry. ROKU is just above 30 on the RSI. Indicators shows a slowing in the bearish momentum yet it is not bullish. Bounce off $271: Entry: $276 Price Target: $285 Falls through $271: Entry: $266 Price Target: $251 There is small gap that has yet to be filled. If the price bounces that gap could act as the next support level
NASDAQ:ROKU
by christianmartin4746
1
Short this stock right? Wrong! ❌Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. horizontal price levels are working pretty good on the stock 2. globally stock in an uptrend locally in a downtrend 3. the level confirmed by touch and false breakdown 4. distant test of the level 5. approached with big bars 6. the stock made a move down 44.49% from the highest point 7. there was no accumulation 8. the stock closed above the level 9. from this level was made a move to all-time high 10. the stock has room for a move 1 to 5.1 11. broken model descending highs 12. Roku Announces $15 Roku LE Streaming Player Exclusively at Walmart for Black Friday on November 15 13. price came from the upper side, and we can see that someone does not let the stock go lower 14. the stock has the potential for a big move Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$ Please, support our work with ❤️
NASDAQ:ROKULong
by yura_trades
4
ROKU in a beautiful Log channelAbsolutely gorgeous 3 year logarithmic channel it's formed here, almost flawlessly parallel. ROKU has bounced definitively off these supports and resistances six times, and it's looking like it may bounce again. MacD is open bearish, but RSI supports the notion that the stock has been severely oversold YTD, and is ready for a reversal. It has managed to avoid numerous instances of bearish RSI divergence, and posted a clean RSI double bottom (Class C hidden divergence) leading to it's most recent move to resistance. I would wait for reversal confirmation here, but this could be a fantastic BTD scenario.
NASDAQ:ROKULong
by ITMmatty
3
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