ROKU pmg downside No support built up, 100$ in 5 days, rsi hot. Came back all the way top gap fill from Feb. May break.
R1KU34 trade ideas
ROKU: Counting this has never been easy. It hasn't shown the typical impulsive behavior and yet continues to go up. The wave 4 was the most unpredictable. The most reasonable count is a diagonal from start to finish.
Update, short ending to ROKU's parabolic stepI see a great short opportunity on ROKU. last time this stock was overextended from the BB it gave a great call opportunity. Now i believe ROKU will give a great short opportunity but not before closing the gab at 432 which is also one of the levels on my Fibonacci levels. If it gaps up again extending its overextension of the Bollinger bands, then i will heavily short this going on into next week.
again, Short term bear long term bull on this stock.
$ROKU Bulls Charge Ahead$ROKU continues to look bullish heading into trading tomorrow. Most time intervals look healthy. Yesterday's news that Comcast could potentially buy ROKU is helping the bulls case.
Currently, I am in one June 25 415c while already selling one contract already to take profit.
In any case, I am going to sell if it hits $423.40. I want to minimize profit losses as much as possible. I can continue to monitor and find another entry point. Where?
If this trades up I will continue to stay in the call, the key line to watch is it crossing over $429 where it meets the wedge. If it can show strength there the next resistance is $461!
If we get a rejection at $429 we could see a pull back to $406 levels especially if profits are taken.
The waves below the chart show bullish trends. Volume/price (green) is going up and the blue momentum wave continues to trend up with no divergence displayed so far.
Trade ideas:
ROKU Above 429 - June 25 440c
OR
ROKU Above $429 - July 2 $440c
*Disclaimer: This is not financial advice. The analysis provided is simply that, an opinion, and not meant as financial or investment advice."
425 sweeps 6-25420 level trade level, not the first break but the second through 420, targeting 424-426, stop 418
Trading Idea - ROKUSHORT. We need to finish the correction, before we go up again!
Entry: 301.00 USD
Target: 224.00 USD (+25% profit)
Stop: 400.00 USD
Roku, Inc. provides a television streaming platform.
At this moment it is not too clear, but I expect a continuation of the correction to the 61.8% Fibonacci Retracement level.
ROKU on a rollROKU has been such a monster the past few days. I have not traded ROKU in almost 2 months and yet its still following the trend lines I had since the last time i looked over it. For now i believe ROKU will take a breather first before continuing to grow. its far over extended from the Bollinger bands. if tomorrow it opens green this will give a great short scalp opportunity. No longer than a day because if you know how relentless ROKU is you will get wrecked holding any longer. Short term (very short term) puts but long term bull.
I strongly believe Money is flowing into tech stocks so this price action in roku is giving confirmation into this theory of mine.
$ROKU Trade Idea$ROKU Trade Idea
Entry: 408
Strike: 6/25 415c
Targets: 418, 429, 436
Support: 400, 391, 380
@KyleTrades86
@TradingView
Roku LongCaught support at retracement area and on trend
Bullish H4 Momentum
Target below last major resistance @ 370.47
ROKU , Watch for bullish signals around 200-240 buy zone!ROKU is close to the end of correction which was started on Feb 16th after an impulse rally from 58.22 to 486.72. Currently we are in wave C of and ABC form of correction. It seems Today's price jump was the wave 4 of C and another leg down to 200-240 possible buy zone is on the way to complete internal structure of wave C.
So far, We have a broad buy zone formed by cluster of Fibonacci levels from different Elliot wave cycles.This buy zone is shown on the chart by a green rectangle and includes 0.618 golden ratio of last rally. Possible subdivision of wave 5 of C may can help us to more accurately estimate the buy price . Another possible entry price around 150 is also shown.
I will investigate the status of momentum in different time frames when we become close to the buy zone.
All this ABC correction can be wave 4 of a larger cycle wave and possibly another large ascending wave is waiting for us. Why I used the word "possibly"? The answer is beyond the scope of this publication. It was just to emphasize that there are alternative scenarios.
Note that a trade above above 377.50 makes this analysis invalid. in that case you can go long and make profits.
Wish you huge profits my friends.
ROKU 1D Long-term LONG/BULLISHROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our first TP (Take Profit) is at the 0.618 of the Fibonacci Extension ($536.07), HAVE FUN AND GOOD LUCK TRADING!
Traders gain losers complain!
Bullish. Upside Target: $440Greetings All,
ROKU broke to the upside from two separate trend resistances and a small period of consolidation. The breakout has strong volume with price above the 20, 50, and 100 MA. I also like the bullish divergences on the OBV, VWMACD, and MFI. Targeting the $440 gap fill, but closely watching the bearish divergence on the MACD. I wonder if we'll experience a run-up prior to earnings report in August? Only time will tell.
Happy Trading!
ROKUROKU
The company operates the #1 TV broadcasting platform in the US by hour
The share price has continued to rise since March 11, 2020, after the decline that occurred in the Nasdaq Stock Exchange due to the impact of the Covid-19 epidemic, achieving good gains, reaching the level of 485.57, at which investors began to reap some gains from previous purchases, which weakened the purchasing power and returned to the level of 294, which became Good support area for the stock
Technical signals that support the stock's continuation to rise
1- The price failed to stabilize below the level of 293.23, which acts as a support for the stock
2- Entering the fourth wave, the impulse Elliott waves, which came in the form of a positive wedge pattern, which may open the way to achieve the fifth wave
2- Positive penetration of the wedge pattern and retesting
3- Starting to form a share model on the daily frame
target levels
1- 401.84 previous resistance level with a breakout that opens the way for 485.57
2- 485.57 display area has pushed the price to the 300 levels, so please beware of it
and God is superior and knows best
Please adhere to capital management
ROKU Cup & Handle trend line retest I dont believe ROKU is done. Today was a Broad Market pullback. Once J Pow speech is over ROKU is going back to the top of the channel its been in for the past few trading sessions.
ROKU LongDecent long bet if you think the market won't crap in the near future.
Seems to always regain the white trend line. Works until it doesn't.
Overall market is jumpy, but if you're bull this is the best looking growth tech set up imo.
ROKU Long Medium TermROKU very much an inplay stock after a
5% day yesterday. Is there going to be follow
up today or will buyers take a breather.
If the former then look for shallow retracement and move higher.
If the latter anticipate a failed bid for the highs
and expect price to trade lower within a tight range
See hypos of how today's session could play out
6/15 ROKUROKU back to the support (pink line) again with a good green candle
shall be good opportunities to enter
ROKU 07-04-2021 LongAsset and Time frame -ROKU,Daily,4H
Entry Price -357
Exit(Stop Loss) -331.38
Exit(Take Profit) -441.13
Technical Analysis -Price broke the trend line with good volume and a retest,also price is sitting on the daily 100MA(If it will close above that will be exellent)and yesterday was a good day for square in terms of candle pattern and volume
ROKU in rip modeGreat momentum today confirming channel break out. 370, 388 are next levels. 350 should act as support now
