R1KU34 trade ideas
ROKU LongBull Flag breakout + revisit trend line
Entry 216
Stop 195
Possible Target:
FIB Ext. 1.6 = 265
ABC pattern: 280
FIB Ext. 2.4 = 300
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ROKU update Bull Pennant?Roku tapped my first take profit at $256.13 next stop is $277.91, with elections over and some certainty in the markets we could see a nice bull run. If it breaks out of this channel (white lines) and holds above we could see $277. Bull pennant forming and I'm seeing a break out and retest to that top resistance line and take off. Support at 218
BREAKOUT CUP AND HIGH VOLUM BUY DAILY ROKU ABOUT 256$The video-streaming platform company reported revenue of $451.7 million, well above the highest analyst estimate of $385 million, according to Bloomberg data. Roku also reported earnings per share of 9 cents. Wall Street had been looking for a loss of about 42 cents per share, according to data compiled by Bloomberg.
1% CAPITAL
ROKU ER run up expecting a nice run up for er maybe an end of the day drop or Tuesday we see some blood for elections, then we pick up volume on Wednesday! Bounce off my .618 Fib at 200.54 if we hold above that we could see a good move up to retest that resistance line. sitting in the middle of the channel room to go either way. most likely down with elections coming up and a big push to retest highs after.