$ROKU Trade Idea$ROKU Trade Idea
Entry: 328
Strike: 5/21 340c
Target: 336, 345, 350
Support: 317, 308, 300, 294
ROKU trade ideas
$ROKU By request (Butterfly Pattern) w weekly IB @sigmaclass had a question about @ $ROKU, here is a harmonic Butterfly i found, weekly inside bar at trigger level w triangle consolidation, great set up but you really want to try to catch trigger at 1.272.
If this fails your Bat pattern is valid, lmk if you have any questions.
Roku shares forecast for 2021Walt Disney and Netflix became the leading companies in online broadcasting during the pandemic. But Roku, which makes streaming devices, had its best stock gain in the past year, which was more than 450%. And the company is just beginning to expand the scope of its services. According to management, in 2020, Roku OS was the best smart TV operating system in the US, accounting for 38% of smart TVs sold. Despite the high sales of the devices, Roku actually gets a lot of revenue from advertising sales. Advertisers are increasingly abandoning traditional TV channels and moving to streaming platforms that offer more accurate ad targeting, and Roku is preparing to take the maximum share of these sales.
From a technical point of view, Roku's share price rose from $58 to $485 a share last year. Now we are seeing a correction, but the company's quotes were not allowed to fall below the $322 level. It is worth noting that the values of the RSI indicator fell below the level of 30 for the first time in a year, this indicates that the shares are oversold and another wave of growth may soon follow, as it was in March 2020. A strong signal for buyers will be a breakdown of the $377 level, such a price movement will indicate the end of the downward correction and the resumption of the bullish trend with the first target at $485.
ROKU Short to 240?Bounced hard twice off off the trendline support but got rejected hard by weekly supply... had another short term bounce but couldn't hold over 315 for long
I think we see ROKU finally break this trendline within the next week or two.
I will be looking for a confirmed break of 283 support to start my short positions.
I have a monthly PT of 239.15 which is daily demand (I expect a big bounce in this zone)
I would consider taking 5/30 270p or 6/18 250p just to give the play time if it breaks the support levels!
Happy trading!
Bullish on ROKU(This is not financial advice)
Hey everyone, play on ROKU here good dip buy and money should start moving back into Tech soon. Coming out of a descending triangle I expect it to bounce along the next fib line and then push to the next line fib line.
- Vlaire
ROKU HEDGE POST EARNINGSTGIF for AAPL for onboarding was under selling pressure for May 10,2021. As a result, the LONG CALL positions 131C are under some pressure and require a hedge in case the market collapses. So we picked up ROKU 275p weeklies at 0.86 slightly less than 15% of the initial position size. Generally, when the markets are trending higher, a hedge is not usually required but due to seasonality and apparent weakness in NQ it is best to place this hedge in case the market begins to sell off for the entire week. Risk and reward is shown in the chart from the purple darvas channel and the earning gap fill remains open 284.89. Break below 272.41 opens the door down to 250 very fast and weekly hedge may cover the tgif aapl 131C.
ROKU ShortFresh weekly rejection of last major resistance LMR
Daily and H4 bearish
Earnings coming up to bring price back down to target 312$
$ROKU Post Earnings Trade Setup
Earnings were a hit and the stock had reversed 8% in teh afterhours.
Potential trade entry on channel break with the Weekly candle open as a achievable price target
Get ready to buy call options and stock. Roku bounced right off from supper. Expecting an up move for short term. When it reaches the price traget it will create a nice set up for short and put options.
Bullish Crab Setup Roku is about to have an ER call soon. I think after the fact we could see a bounce to the upside. How large of a bounce, that may depend on the market conditions as a whole. All the Best!
$ROKU Thinking about ER play? think again...ROKU looks very bearish no doubt... regardless of how great Earnings are chart tells me this is going to go down further.
T1: 270
T2: 260
T3: 250
Roku Educational video example of using Fib and Gann Tools The idea is to show how to use the tools , not to show where price will go . When you draw your gann Fans adjust the angle to match your levels close to 45 Degree( 40-50 angle ) . This is the key then Draw your Fib Retracment and make sure 50% level crosses the cross points of the middle lines of both gan fanns as on the picture . You should draw as soon as you notice swing low and swing high and adjust angels apropriatelly . It will take time to get the angle right but at leaset you will know where you are and be close to the retracment points .Thank you
Runup before earnings?Divergence spotted
Target 333 High target 371
Tread carefully as we are still under the cloud
Roku might not beat earningsLooks like Roku is heading towards that 317 price range and with earnings we might see it go as low as 295. Roku is one of my favorite stocks but even for me I knew it was over priced at these levels. Roku needs to close green tomorrow however I am not seeing this being possible since its a heavily manipulated stock. In this case I am more bearish.
Watch ROKU Bullish on Roku, 15min chart needs to break up in order to reverse. More than likely going to buy some calls to swing into next week, they report earnings then as well.
Im hoping to see it hit $350.00 range before close today.
ROKU Earnings Run Updated ChartI have added additional visuals using gap targets and upper darvas channels and neckline for possible resistance and breakout levels.
ROKU Earnings run with 78 min ttm squeeze 15% move probableI have now achieved approx 13% of my 15% intended position. Radar displaying ROKU 78 min scanning so we have a shot next week for a 10% move to over shoot 407
