$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.
R1KU34 trade ideas
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.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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.
The 4 Stages of the Stock CycleBased on the work of Richard Wyckoff in the 1930s, these are the 4 STAGES OF THE STOCK CYCLE.
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
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
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
ROKU options ahead of earningsIf you haven`t sold the double top on ROKU:
Looking at the ROKU options chain today, i would buy the $65 puts with
2022-7-29 expiration date for about
$0.32 premium.
Looking forward to read your opinion about it.
ROKU - Time To AccumulateROKU has been a bit difficult with so much chop but now it appears that was a domed bottom and with a sharp impuslive candle on the 6th follwed by a shallow retracement and now an engulfing, it looks ready to higher and to have a good bounce.
RSI starting to look bullish making its way into the upper quadrant.
It may of course rock back depending on NDX but I'm buying this area.
Looking at the weekly also plenty of bullish divergence.
I think that considering ROKU topped months before NDX and lost 85% it is due a hard bounce.
0.5 is a minimum I think but most likely it will go higher and top somewhere within the retracement shakeout reversal zone.
There is resistance in that area so my guess is it will top somewhere around there at $272
Not advice.
Roku - Looking to back-fill this zone and then turn back upMicro pull-back to short term trend support risking beyond the trend support (failure of idea). 1:2 Risk:Reward play. Will use the Ladder to trail stops if trade begins to move in the Thesis's direction
RectangleLarger type is Possible T1 and smaller type is T2 if T1 is passed.
This is a possible rectangle bottom is the rectangle breaks to the upside.
A rectangle is a horizontal trading channel and is neutral until a trendline is broken with a confirmed trend in that direction.
No recommendation.
The gator is tangled s8uggesting a move one way or the other.
Could be nothing.Patterns look very similar to each other. If this current one plays out the same I will be buying at support down there. Come on Cathie, ur gonna let these shorts win?
ROKU LONG CALL TARGETING 136 STOP AT 84 NOW AT 97.84Bullish breakout with volume shall be a good buy signal however market still bearish and caution is required. so as of now its long call play but with high protection using long put or short to cover . the gate is to close above 110 then target will be 136 then if market is good enough , may we see new bull wave with target near by by 225. also possible scenario to pullback on Monday or Tuesday to confirm second shoulder above 84 which should be good entry too. stoploss for call at 84 .
Price Doubling Markup BrewingMajor major accumulation here. Can see in the DMI and stochastic, as well as the chart.
Activation of markup is above 98. My initial target is the 111-127 range by July 11-15th. If it makes it above 133 I expect it to continue to as high as 177 by August (post-earnings).
Goal Target by July 25th is 152-157. The yellow, orange, red zones are profit taking area - not financial advice but I like the July and August calls from 95-110, take some off in yellow, more off in orange, more in red zones. It will likely need to consolidate or pullback before attempting to break 133.
Look to Roku's past for evidence it has major runs in it, my belief is that the time for the next major run is about to begin.
