we've been here beforeon a weekly chart - you can see the last two time we've rocketed out from here...and on daily we had a hammer of thor..so i'd take plays above yesterdays hammer
R1KU34 trade ideas
ROKU - BEARISH SCENARIOBig troubles for Roku inc. For the past 14 months, the tech company is in a downtrend which caused a loss of almost 90 % of its stock price. The trend seems to be irreversible after the price broke the $ 62 support level on Monday.
The next major support level is located around $25.
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Fibonacci Not financial advice
We are long ROKU
Streaming is primary technology
Roku is the #1 streaming device in North America
$ROKU short term “bullish” appearance It looks like Roku might be basing here and Macd starting to curl for a quick short term bullish view but with The “October effect” in play a twitter account I follow says “if we do get a crash in October it has to be news driven… hedge funds, companies, countries, banks, crypto’s that fail.”
Selling ROKU in swing high.Roku - 30D expiry - We look to Sell at 73.58 (stop at 78.11)
The 1 day moving average should provide resistance at 73.00.
The previous swing high is located at 75.00. 74.97 has been pivotal.
Preferred trade is to sell into rallies.
Daily signals are bearish.
We look for a temporary move higher.
Our profit targets will be 63.33 and 60.33
Resistance: 60.00 / 67.00 / 75.00
Support: 50.00 / 45.00 / 40.00
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ROKU Short to $27About 6 weeks ago I posted analysis expecting ROKU to retest July’s lows, which it did. Back then was hoping retest would be quick and followed by a bear market rally.
I have since changed my view on the rally, instead I am seeing more downside. Main reason being that retest wasn’t quick and stock keep sinking (sign of weakness), and overall equity market conditions aren’t looking favorable with higher rates and lower liquidity from the FED.
Hard to say how low price will drop, but $27 minimum target seems like logical place for now - 2019 lows.
Short ROKU @ 62.00 Fractal BreakoutAlligator's mouth is closed on the daily and price is close to the Balance Line on the weekly.
Price is below both Balance Lines.
This does not look like a setup appealing to Bulls (if you see any bullish pattern please let me know). If the 62 weekly fractal is broken, there should be little resistance to the downside.
Stop loss as always is a close above the daily Balance Line.
We'll ride the wave (if there is one) as long as it last, so target will be (as always) also a close above the daily Balance Line.
Cheers.
$ROKU with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ROKU after a Negative Under reaction following its earnings release placing the stock in drift D.
QuickTrade n. 57 : ROKUPossible bearish flag on the go
On the Long side I look for this positive Price Action to continue, with a possible bulllish cross of the 21h or 50h.
At least I expect a test of those EMAs on the slow 250h.
On the short side, I expect another test of the previous lows given the current market weakness.
ROKU - BEARISH SCENARIOAlthough the recent announcement that Cathie Wood's Ark Innovation has made a big purchase of Roku and the upgrade rating to Hold, in a short term it is more likely the downtrend to continue.
The price is heading for a re-test of the $ 59 support level.
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ROKU bounceRoku in accumulation phase since Feb. Should start picking up stream here, near target 90$ long target 150$.
I added some 80$ Nov 18th Calls at 5.20$ average
ROKU, a descending triangle for breakout, LONGNASDAQ:ROKU
As seen on the daily chart, ROKU is in a brief uptrend within a descending triangle. Oscillating indicators show the MACD with
the K and D lines crossing underneath the histogram and the RSI candles big and bullish with rising strength towards crossing through
the Ichimoku cloud. I see this as price action consolidating towards a breakout with 30-40% upside in the intermediate term.
Accordingly, a decent long swing setup or a call options contract. Cathie Wood seems to agree.
ROKU WOLFE WAVE SETUP OVER THE WEEKENDThere is a wolfe wave setup on the 78 min time frame (ah=on) . The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx 75 which is expected to reach this price target before Sept 16. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way toward up to 80.
ROKU quick retest of recent lows, then $150+ROKU has been trading in a range for few months now. It recently made new low around $62. I’m expecting stock to retest that low in the next 2 days-2 weeks.
It’s possible stock could drop off, but I am seeing good risk/reward buy around $58-$65 range with an expectation of counter trend move all the way to $150-$180 range. If happens, it will be very sharp move.
If price closes below $52, this move becomes obsolete and instead more downside to come.
ROKU gameplanThinking to take Roku Short. We sold off pretty hard cause of earning and created a $20 gap which. we filled on Thursday. Volume has been decreasing all this time. Will watch premarket but if we look week will take short for scaling out at my Demand zones
ROKU: Bears still in control!!Roku
Short Term - We look to Sell at 77.50 (stop at 91.34)
Our outlook is bearish. Broken out of the wedge to the downside. There is scope for mild buying at the open but gains should be limited. Reverse trend line resistance comes in at 77.50. Preferred trade is to sell into rallies.
Our profit targets will be 41.57 and 30.00
Resistance: 80.00 / 110.00 / 140.00
Support: 55.00 / 40.00 / 20.00
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The SpringROKU has been undergoing a complex accumulation phase for the last 3 months. This chart shows the boundaries that have formed, and it can be broken down further into 5 zones of alternating 3-point moves (e.g. relative low, relative high, relative low).
Volume has decreased, volatility has decreased indicating accumulation. Also the DMI is characteristic of accumulation. This gap down on earnings will be the spring, it will get bought up fast.
Next to come will be the sign of strength, then backup/retest, and finally markup.
The green path is illustrative but the expectation is that it will be trading in the 90-110 range by end of August. Markup will take it to 130-180 by end of year and that will begin the next bullish cycle toward new all time highs in the years to come.
ROKU - double top reached!ROKU formed a double top in 2021, citing first price target of $140, but breaking through this, then has reached its final target in after hours trading. Chart speaks for itself....
$ROKU Earnings Report$ROKU destroyed in AH Trading after Earnings Report
Hight Likely to visit POC Volume profile at $40
