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R1KU34 trade ideas

ROKU - Minor Low BuyRoku has entered a solid G/G trend after earnings. Prices consolidated between 11/3 and 11/13, before breaking out. Prices are not consolidating again into a shallow bull flag. I am looking for a breakout of Friday's bar for continuation Title Minor Low Buy Trade Theme Daily Sector/Stock ROKU Trend G/G Propulsion Yes Vscore Yes Vprofile Yes RAF Extreme Darvas No Darvas 3.0 Yes Entry 104.15 Profit/Breakeven 106.4 Stop Loss 25% Option Option Option Play 19Jan24 100/105 Calls
NASDAQ:ROKULong
by TradingBandito06
Roku (ROKU: NASDAQ)Roku (ROKU), a leading video streaming service available across various platforms, has shown strong resilience, exceeding expectations with a profitable EBITDA of $43.4 million in the third quarter. This early achievement of profitability, coupled with a rebound in the digital-advertising sector, positions Roku for growth. Benefiting from the recovery in the digital-ad market, Roku aligns with major platforms like Alphabet and Meta Platforms. The company is well-positioned in the connected TV space, especially with major streaming platforms introducing ad-supported tiers. With a notable 20% revenue increase in the last quarter, Roku maintains a bullish outlook, set above $92.00-$93.00, with an upside target of $140.00-$145.00.
NASDAQ:ROKULong
by Richtv_official
1
Roku, Inc. (NASDAQ: ROKU) Roku Shares Jumped 30% Roku Inc. (ROKU) shares spiked by more than 30% today after the streaming device and TV maker reported earnings results well ahead of analyst predictions for the third quarter alongside strong subscriber growth. For the third quarter, Roku achieved an all-time high of 75.8 million active accounts, a net increase of 16% compared with the prior-year quarter. This represents a net increase of 2.3 million accounts over the second quarter of this year. Analysts had expected active accounts to reach 75.3 million for the third quarter. Roku's revenue growth also outpaced analyst estimates. The company reported a 20% year-over-year increase, reaching $912 million for the quarter, against predictions of $855 million. Roku said the better-than-expected revenue improvement was driven by "strong performance in content distribution and video advertising." The company's Roku TV line, which launched in March, also contributed to revenue gains and helped to drive net active account additions. Roku's net losses widened significantly, to $330.1 million for the quarter compared to $122.2 million in the prior-year quarter. Losses per share nearly tripled to $2.33. Price Momentum ROKU is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NASDAQ:ROKULong
by DEXWireNews
ROKU - Double Top into Bearish SequenceRoku price has created what looks to be a Double Top Pattern! Price unable to create a Higher High, then broke down below the Low (Point A) signaling a strong Bearish trend! I suspect Price to retrace to the Fib'd Range @ 76.37 - 81.24 to then be rejected down to Sequence Target @ 58.1 - 49.2! -This Price Action would also outline a Head & Shoulders Pattern. As for Indicators, Price Action has moved beneath a curling 200 EMA along with my Dynamic Support & Resistance strengthening my Bearish Bias. Fundamentally, job layoffs have been a big talk for tech companies. www.tradingview.com
NASDAQ:ROKUShort
by Novi_Fibonacci
ROKU - Weekly Chart Long IdeaThe ROKU chart looks fantastic right now, with the Ripster Cloud indicator nicely in place to offer support for a push higher to $100 and beyond in the coming weeks and months. First target is a move to $85 / $90 : from there I would reassess and see if it has the look to keep going. If it was to break below $70 then I would consider the idea over. Ideally it does no go any lower than the recent base at $75. It's next earnings report is out on November 1st, so ideally some keys moves are made before that date.
NASDAQ:ROKULong
by Jon4th4nB1rd
Turn ROKU Into A High-Probability Cash MachineHey guys! Today, we're looking at a Trade Idea in NASDAQ:ROKU , the volatile smart TV platform company. Like most of our trade ideas, this post focuses on selling put options - this time, on NASDAQ:ROKU shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money. B.) The stock price finishes below the strike price of the put when the put expires, in which case you’re forced to buy the stock at the strike price. With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares. In other words - either make money, or buy the dip! The trick is finding the right stock at the right time. Right now, NASDAQ:ROKU seems like a great candidate for this strategy. First off, the company's shares seem to have found a solid base recently: On top of that, financials seem to be improving. Revenue continues to climb higher, and free cash flow (while negative), seems to have bottomed, and is finally headed in the right direction: Most importantly, the company has stopped diluting shareholders meaningfully, which should lead to cleaner value accrual when the company becomes profitable again (which it has plans of doing): Lastly, the company has continued to stack green bars, which is indicative that the long term trend is back to the upside: Given that the 10/27, 68 strike put options have an 80% chance of making a profit by expiry, it's a trade we're strongly considering. Especially if the alternative result is owning shares in this company under $70. What do you think of this idea? Let us know in the comments below. Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️
NASDAQ:ROKULong
by PropNotes
1
$ROKU Power Earnings Gap (PEG) now W/ Bull Flag?NASDAQ:ROKU had been basing for about a year before breaking out on Earnings on July 28th on massive volume. That was followed up with 2 more days of heavy buying volume. It has since pulled back near the original breakout area and forming a possible Bull Flag. And if you were to zoom out to a weekly chart, I can see this as being a Cup w/ Handle formation. I think this would have kept going if not for the downward pressure on the market. This may also prove a great entry once it moves up and over the downward sloping flag. TBD. This is one of my top watchlist stocks for when the market turns broadly positive. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:ROKULong
by jaxdog
11
ROKU: Making it difficult to tradeIn my last post I was trying to stay bullish, but the price action has made me get out of my position. Sep 6 failure has marked the previous EW count invalid and it's looking more like a leading diagonal pattern of contracting kind. At the moment keeping an eye on the daily RSI to get support at 45. If that level breaks, it might induce additional selling. Contracting diagonal wave 4 cannot be bigger than wave 2, so if price falls below $66.62, this count will need to be revisited. Right now looking for a bottom between $78 and $72 and a bounce to around $110-$120 by EOY. Below $62, will start looking for shorting opportunities as bull case will get significantly diminished.
NASDAQ:ROKU
by mukit1
Roku Pulls Back After an Earnings RallyLike many growth stocks, Roku pulled back sharply in 2022. But now after a year of consolidation, the streaming-video company may be trying to recover. The first pattern on today’s chart is the bullish gap on July 28 after quarterly results beat estimates. Second, ROKU pulled back to form a base around $76 after the rally. That was near the peaks of mid-June and mid-July. Has old resistance become new support? Third, August’s trough represented a higher low than late July, continuing the series of higher lows that have developed all year. The recent spike above $98 was also the third successive higher high. Next, the bounce in mid-August occurred at the 50-day simple moving average (SMA). The 50-day SMA additionally had a “golden cross” above the 200-day SMA in April, which may suggest its longer-term uptrend has turned more bullish. Shorter term indicators could also be more positive as stochastics rebound from oversold and the 8-day exponential moving average (EMA) crossed back above the 21-day EMA. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:ROKU
by TradeStation
1