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ROKU INC DRN

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R1KU34 trade ideas

$ROKURoku has lost one-quarter of its value in less than a month. It cost $476 a share on July 19. Now it’s at $351. Even at that price, you’re paying 207x earnings, or 20x revenue. Roku stock fell after earnings. Operating income also fell from the previous quarter to $69 million. Those numbers beat estimates, but user growth was seen as slow. For many people who are invested in Roku it was just time to take profits. Roku has 37% of the U.S. streaming market, but its global share is dropping. Europe, Asia and South America are the new growth markets and Roku isn’t a player there (as of yet) When we look at the technical side of things, Roku is still sitting in a nice uptrend. We have a long term ascending triangle on the daily. We’re sitting right at support which gives a nice RR ratio. We have a double top on the daily. MACD about to curl RSI just coming out of oversold territory. Keep this on your watchlist. - Factor Four
NASDAQ:ROKULong
by TheBlankFund
Roku: Dead Cat Bounce? Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish trend on RSI as well. When it breaks, there will be a big opportunity. Selling pressure is slowing down and a trend change with the inverse hammer followed by a green candle. If it breaks the support of $340, its a dead cat bounce.
NASDAQ:ROKU
by yflaw1018
2
Roku x Inverse H&S Simple Charts: Price Action & Candlestick Psychology - We've seen 1 market cycle with ROKU, and now we should see another one as football season is approaching in September, more viewers will be watching TV and other entertainment as the fall approaches and the weather gets colder - Huge Inverse H&S on the Daily Chart Fundamentals have only increased year after year - ROKU INC - ANNOUNCED ITS LINEAR LINEUP HAS EXPANDED TO MORE THAN 200 CHANNELS, WITH A TOTAL OF 17 ALL-NEW CHANNELS LAUNCHING THIS WEEK ON ROKU CHANNEL Target - $700 by the EoY
NASDAQ:ROKULong
by Thuja_Wealth_Builders
Bullish- Looking for a breakoutROKU looking very interesting here- Double top played out as expected, however, ROKU held the longer-term uptrend quite nicely- will be watching closely for a breakout here (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- Bullish - Falling wedge (bullish) on shorter timeframes, Bollinger bands also squeezing (See Chart Below) - Doji reversal right on the 200-day EMA - RSI in oversold territory - Buyer volume increasing relative to seller volume - MACD cross looks to be imminent PT1- $354.43 PT2- $357.50 PT3- $366.55
NASDAQ:ROKULong
by jacobosiason7
2