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R1KU34 trade ideas

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
Roku in a sequence of higher highs and lows.Roku - 30d expiry - We look to Buy at 75.11 (stop at 69.11) The sequence for trading is higher highs and lows. The trend of higher lows is located at 74.50. Previous resistance at 75 now becomes support. We look to buy dips. This stock has seen good sales growth. Expect trading to remain mixed and volatile. Our profit targets will be 90.11 and 93.11 Resistance: 79.50 / 84.44 / 88.00 Support: 75.65 / 74.00 / 70.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NASDAQ:ROKULong
by VantageMarkets
ROKU: Trying to stay bullishRoku price action is not the easiest to count. The uptrend since May is wonky but clearly an impulse. It is possible that this uptrend has been a B wave and new lows are yet to come, but, for that need to see price breaking below key support levels, $68, $58 and most importantly, $50. For now, price is bouncing off key fib retracement target, so still staying with this bullish count. If this is correct, then the strongest wave 3 of 3 of this intermediate cycle should start fairly soon and it should be spectacular. If price action stays sluggish and choppy then I would eventually have to abandon this idea. Right now staying long with a target back to $90 area for a B wave, but, will jump ship if price falls below $78 low right away and reassess.
NASDAQ:ROKULong
by mukit1
ROKU Options Ahead of EarningsIf you haven`t sold ROKU`s double top: Or bought the dip here: Then analyzing the options chain and the chart patterns of ROKU prior to the earnings report this week, I would consider purchasing the 75usd strike price puts with an expiration date of 2023-8-25, for a premium of approximately $7.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:ROKUShort
by TopgOptions
$ROKU to make a comeback?Ever since the 12 months double top from Nov20 - Nov21 resulted in the plunged of stock price from the high of about 480 to 90, stock price of NASDAQ:ROKU has been on side way for awhile Where will it go from here. My own guess is mean reversion sometime to come The ~55 is a pretty fragile line, if price continue to drop below 55, the more plunge or consolidation will be expected. Otherwise, the next upside target within next 24 months is likely to be around 172 Beware of huge fluctuation in between Just my own humble opinion and not soliciting any trades
NASDAQ:ROKULong
by jangseohee