Bearish flag?I'm shorting this, apparently is a bearish flag forming. You can buy puts too, give them some time like 2 weeks at least.
4ROKU trade ideas
ROKU bullishgoing long in this area, weekly chart is retesting off of the 10sma
78min chart is right at the 200sma
Roku reversal Channel trade here..
Weekly candle rejected off channel last week with volume..
Closed below daily 21ema
Looking for a pullback to 81 gap close.
1st target 88$
2nd target 81 gap close
Entry - below 95
Stop loss - close above 21ema
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
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.
Puts Roku at resistanceI just bought puts as shown. This is a strong pivot point. I think is going to pull back at least to the next support at 75.35 within a week.
ROKU Short Under 95NASDAQ:ROKU Short under 95 - retracement trade.
Fundamentally Roku is in a good position with positive EBITDA and positive guidance for FY24.
We could see some retracement in this post earning pop uptrend regardless. RSI and momentum indicators topping off.
ROKUAnother one I like for 100+ eoy
Deviated beneath and now reclaimed mid
Importantly, closing above its March swing high
No meaningful resistances from here through 95 range high
Feels like squeeze imminent
$ROKU Bearish to Bullish Reversal StartNASDAQ:ROKU Technical Analysis: The chart displays a clear break from its parallel downtrend, suggesting a potential change in trajectory and a possible shift in market sentiment for the stock. Waiting for bullish consolidation like a bull flag.
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.
$ROKU: 65 StrugglingROKU is seeing weakness at the 65 handle and it's worth making a note of. The stock hasn't bounced at all with the market and now seems highly susceptible to falling at that handle. We'll see how far that moves takes us and where we will want to take profit.
ROKU - IN THE EYE OF THE .......Keeping an eye on the 3 year picture, where we achieve a culmination of 5 waves up with a visit to 999 in the fourth quarter 2027, but not before sliding down to (2) of (A) hitting 55 ahead of its classic three move wave.
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
RokuIf you've followed me for awhile, you know I rarely do ideas on this Mid/Low cap tech.. The reason is because they have High IV and are heavily shorted.
Even so , this looks like a good setup here.
We completed the Double top here at 67
The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so
We could push up to 76-80 max before chopping and round off the right shoulder for the drop to 51.
It's coming backNice rounding bottom, consolidating since April 2022. Is trading just above the support after testing it, good entry point. I just opened a long position, it could time several weeks to reach the target but the risk and reward is good. There is a lot of support underneath. I like this trade.
MSFT all time high trap flashing cautionMSFT has a number of similarities with ROKU and PYPL from the summer of 2021. MSFT is a main leader in the current market so even a sell off into the mid $250s would drag the market lower. MSFT, AAPL, GOOGL and AMZN and the majority of big tech names need to put in a significant bottom and head higher for the market to see higher highs this year.
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.
ROKU AnalysisNot a name I really trade often, however I like the R/R down here. Big falling wedge into Fibonacci support, demand zone and TL support. Potential flat for W4 nearing completion.
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. ⬇️⬇️
$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.
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.
ROKU LONGRounding bottom here on monthly
If we can get a couple closes over $85 we should make our next leg up into 100 area, base there, then go for 120, base there and then go for 150.
This is now in an 80/100/120 pattern where we Hit 80 pullback hit 100 pullback hit 120
