ROKUOne more push up before a larger correction. Wave 4 could be a complex correction but looking for one more high targeting 250.
R1KU34 trade ideas
ROKU trend line brokenNASDAQ:ROKU broke the trend line and is now under the SMA 20. Expecting major resistance at at $228 that should force it to go back down to $218 and maybe even gap fill to $212.
SL at $229
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ROKU - SWING ANALYSISROKU - As per the daily candles it is expected to fall further.
Sell here at current price 222
Stop loss around 231
Potential downside target 206
Follow the levels as mentioned in the chart and
Hit the like button and write in the comment section thanks
ROKU updatelove ROKU but would like to see a break over triangle
Triangle support on bottom side+ gap doesnt looks good at the time but we will see
Holding my Digital Call (Binary) strike 205 for 20% return with expiry 30-oct
If in danger ill close soon
ROKU going down?Head and shoulders forming on the 2 hour time frame, looking to see a move down to my minor support level at $169 if we break that zone we will see a movement down to $141. I have my fib .618 retracement at $200.73 as a possible bounce to retest all time highs but with political factors impacting the market theres a very small chance Roku would go back to ATH. We could see the previous highs by end of the year, but as of now just be patient and wait to scale in some long contracts for Roku.
The Roku IndicatorYou know what's weird?
Roku's daily chart.
Roku's daily price action on any given trading day is bizarre, to put it mildly. Every general progressive wave up reaches a near-term high that is exactly 1.236 times the orthodox top of said wave. Further, every broader corrective wave settles around the 0.5 retracement level. For visual ease, I've only provided one example of this, but I tested it on the other two larger wave cycles as well.
While this is, in fact, weird, there are enough examples of stocks that abide by strict and repeatable harmonic rulesets where something like this can be categorized as "weird, but so what?"
Rather, what is truly strange about Roku's stock chart is that it has an apparent, uncanny relationship with the S&P 500. See for yourself.
Notice that exactly six days after Roku's stock prints a tall, black daily candle that precedes a bullish run to local/all-time highs, the S&P 500 drops - sometimes significantly so.
The precision with which this occurs in exactly six-day increments is, to me, an extraordinarily strange observation. If this pattern is to confirm once again via a terribly bearish day across markets tomorrow, then I will legitimize this relationship by dubbing it, "The Roku Indicator."
And that.. would be weird.
- A Pig That Is Dreaming or A Pig That is Streaming?
NASDAQ:ROKU
SPCFD:SPX
NASDAQ:NDX
CURRENCYCOM:US500
CURRENCYCOM:US100
STOCKS FLYING ACROSS THE BOARD!! ROKU +7.7% RUNNING GAIN!WE RISK 1% PER TRADE! THIS trade now running at an RR of 7.7!
thats a 7.7% account GAIN of one trade!!!
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Amazon
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ROKU
UK100
BA - Boeing
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rsi is very high!this is what i call pton on steroids xD if you really want to get my stop loss would be 220, goodluck ;)
Baby are you DOWN DOWN DOWNWatch out for this. It will try testing the top next week but short everything. I will be waiting for it to drop to the area between 0.236 and 0.282 before going long.
I bought a 225 Oct 23 2020 put today and will add some more with lower prices next week.
Let me know what you think.
The Stock Market in 3D - Roku at GP SupportROKU, PTON are prime give back candidates for a short term play. Longer term, stay at home plays to the bulls have correlated with a rise in covid cases.
Will ROKU be my next victim? This is another teaser, or is it actually my next pick? Wait till next week to find out!
Roku 10/9Possible we see ROKU stay on the downside and fill the gap before rising back up. However, if it doesn't we have some key levels it needs to break before retesting ATH
what a play :othis is a gift that keeps on giving. but dont get lost in the hype. look at the trend closely and you can see where ill be looking to dip buy in the future. :) leave a like if you found this useful !
The Stock Market in 3D - Rokurunning the bull channel - .5 Support - now awaiting the market to digest the stimulus tweet.
ROKU look nice for quick SHORT NASDAQ:ROKU
roku on high level of channel up, now in doji candle - if the end of this day will look with this doji candle
roku will be candidte for short under 198$
Critical spot for $ROKUShown in the chart, there is a long-time ascending channel that $ROKU is now set to either retrace a bit or breakthrough. Being overbought on RSI and StochFULL, the technicals show a higher chance of a drop then a breakthrough. Plus you add the volatility with the elections and risks of market-pullback, equates to a higher than normal risk-reward to go long here.
My advice, if you're not long already, don't chase it at this price. Wait for a pullback.
Roku end of the 5th wave?Been watching roku for a while now its one of my favorite stocks to trade. I strongly believe that roku has hit the end of its 5th wave. what i want to happen is the ABC correction i have shown on my chart. its highly unlikely for that scenario, However with how the market has been lately anything can happen. More realistically though, we might have a pull back pretty soon which should be expected. The RSI is pretty much overbought and the price is way above the 20MA so it might be time for Roku to start consolidating before a push higher. If it does pull back I am seeing roku pullback toward the price range of $189-$194 before it reaches new all time highs.
Let me know what you think or what i might have missed in the comments. good luck and remember to do your own research before making a trade do not go based off my analysis.
