4ROKU trade ideas
$ROKU Rising on major Upgrade
ROKU get a BUY upgrade from Citi with a $180 price target.
Highly volatile stock that has struggled to clear $157 in the past, which
if cleared open up a move to $161 short term.
Upgrade details
Citi analyst Jason Bazinet initiated coverage of Roku with a Buy rating and $180 price target. Over the past few years, the market has valued an active Roku account at $330, higher than the $130 the economic value per account, Bazinet tells investors in a research note. The disparity reflects the market's view of active account economics improving augmented by account growth, says the analyst. Applying $330 of economic value per subscriber to his active account 2022 forecast of 70M suggests Roku's equity will be worth $160 at the end of 2021, $180 at the end of 2022 and $200 at the end of 2023.
thefly.com
ROKU Keeps grinding side ways and printed kind of sort of hammers this past two days. If it crosses 149.75, this can make monster move.
Roku is going higherIf this count is correct, expect upside with Roku this week. What we do know is that Roku clearly completed 5 waves of a smaller degree on earnings where it hit 178. That was a new high to create the minimum of 5 waves, meaning a pullback would follow and it did. We played this by selling our shares and re-entering lower. Roku hit 178 right away after-hours on earnings and fell to 150 by the next morning. As you can see it has held the .382 re-trace to complete a wave 4 of 3 of 5. I expect really solid upside soon to finish the large wave 3 of 3, before a large degree 4 pullback again. I see another count that is actually even more bullish than this, but my mindset is "you can't afford to not be in, if it dips lower then buy more, etc." Regardless of trying to predict what's next or if this wave count is correct (it can always change), Roku is a name to be in the next 3 to 5 years. I just enjoy "investo-trading" where I hold a stock for a long period of time due to expected growth, but trade the volatility buy selling and re-entering lower using the waves and a few other indicators (not shown on here). I've been in since June 5th at 101.88, and Roku is up 44.5% since then, but due to selling and re-entering lower my position is up 78.75%. Pretty cool.
Here we go$ROKU is running out of it's boring, low-volume, stagnant, price action. Somethings going to give and I'm ready to pull the trigger on an all-in buy.
I don't know what will happen but I know that by the end of the week, we break this pattern up or down.
ROKU price level here to watchout. Big move coming It has been consolidating for a while. IF it can cross the hurdle of 151 then $168 explosive move is possible. If not quick dump to $143 or even $136 is possible
Roku ProjectionRoku clearly completed 5 waves of a small degree for earnings and fell $27 right away. It hit $177 and immediately fell to $150 by the next morning. I played that perfectly by selling my shares and re-entering lower because I knew a higher high is the minimum for completing 5 waves of that degree. Where it goes next it the real question. I now have it in a larger degree 4 which means an ABC down to potentially $135 area before continued upside, but could bounce earlier than that from the .382 at $147 area.
By no means am I an expert in Elliot Wave (clearly), but I am putting my money where my mouth is with this count. Still learning wave analysis, but regardless of any wave count I think roku is a must-own stock for the next 3-5 years.
ROKU $165 or $130ROKU has major trend support coming up that could propel the stock to ATH. If it fails, we could see this fall pretty quick back to $130 and create a whole new channel. if this consolidation breaks 152, we should see a nice $8 run up
Your $ROKU LevelsRoku is in a very tight pattern. I've made buckets of cash playing the predictable behavior - buying the dips and selling the strength. This pattern won't hold though. We will either get a catalyst that rockets the SP up to the next level of resistance @ 155, or it decides to drop to 143.50, or lower to eventually fill the gap at 136.
Bearish Flag on the way. Trade with caution I will only trade when flag is up, not the upside down. Discount time might be coming back. Watch SPX carefully for scalpers!
