ROKU dip before more rip is likely 🙉we are currently at a very strong RSI/trend resistance zone, rejection here and break of 90.46 leads to dip back to 72-79 levels and trend support..
boost and follow for more! thanks 💚
4ROKU trade ideas
Roku Pulls Back After an Earnings RallyLike many growth stocks, Roku pulled back sharply in 2022. But now after a year of consolidation, the streaming-video company may be trying to recover.
The first pattern on today’s chart is the bullish gap on July 28 after quarterly results beat estimates.
Second, ROKU pulled back to form a base around $76 after the rally. That was near the peaks of mid-June and mid-July. Has old resistance become new support?
Third, August’s trough represented a higher low than late July, continuing the series of higher lows that have developed all year. The recent spike above $98 was also the third successive higher high.
Next, the bounce in mid-August occurred at the 50-day simple moving average (SMA). The 50-day SMA additionally had a “golden cross” above the 200-day SMA in April, which may suggest its longer-term uptrend has turned more bullish.
Shorter term indicators could also be more positive as stochastics rebound from oversold and the 8-day exponential moving average (EMA) crossed back above the 21-day EMA.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
ROKU uptrend continuation On Friday ROKU reached EMA 50 and we got a reversal from there like previous times , despite SPY and market direction it just kept going up .
we could see more movement to the upside
Roku in a sequence of higher highs and lows.Roku - 30d expiry - We look to Buy at 75.11 (stop at 69.11)
The sequence for trading is higher highs and lows.
The trend of higher lows is located at 74.50.
Previous resistance at 75 now becomes support.
We look to buy dips.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
Our profit targets will be 90.11 and 93.11
Resistance: 79.50 / 84.44 / 88.00
Support: 75.65 / 74.00 / 70.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group
Short ROKU as macro reversal extendsI have entered a put position on ROKU among others as this macro reversal hits poorly performing (financially) tech stocks the hardest
Bearish Alert : ROKUNew Bearish Alert after a failed bullish Setup.
This time there is a double bottom to give the possible signal for a stronger downward trend.
Gap left open at about $70
ROKU: Trying to stay bullishRoku price action is not the easiest to count. The uptrend since May is wonky but clearly an impulse. It is possible that this uptrend has been a B wave and new lows are yet to come, but, for that need to see price breaking below key support levels, $68, $58 and most importantly, $50. For now, price is bouncing off key fib retracement target, so still staying with this bullish count. If this is correct, then the strongest wave 3 of 3 of this intermediate cycle should start fairly soon and it should be spectacular. If price action stays sluggish and choppy then I would eventually have to abandon this idea. Right now staying long with a target back to $90 area for a B wave, but, will jump ship if price falls below $78 low right away and reassess.
Roku is in...again?Roku's stock price has been on an upward trend recently. However, it is unclear whether this trend will continue, as the company's financial performance has been lackluster. The Consumer Price Index (CPI) report, which will be released later this week, could have a significant impact on the stock price. Only time will tell whether Roku will continue to rise or if the CPI report will cause it to fall.
Roku is a good short here fora. target of 75 and a SL of 88.5Roku is a good short here fora. target of 75 and a SL of 88.5
ROKU PREMIUM LONG SETUPAbove 92 RoKu will Reach 97 .
Posible to reach 100
but 97 is more Realistic to Take Profit
Stop Loss is 87
is 50/50 Trade
Do not Overleverage !!
NASDAQ:ROKU
{ROKU} LAST LEG DOWNConsidering the formation of the expanding triangle as a distinct guide for us.. We are waiting for the last bearish leg to reach the areas of $45, $42, and from there we expect good and excellent correction areas... All of the above fails upon the breach of $62.
Potential weekly ROKU IHS!Potential IH&S on ROKU weekly. Trigger over 71.5. Targets 100, 114, and 140. Stop @ 65.
ROKU Options Ahead of EarningsIf you haven`t sold ROKU`s double top:
Or bought the dip here:
Then analyzing the options chain and the chart patterns of ROKU prior to the earnings report this week,
I would consider purchasing the 75usd strike price puts with
an expiration date of 2023-8-25,
for a premium of approximately $7.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$ROKU LONG +100% 30 days, Ascending trianglesMy favorite pattern, two ascending triangles, and nonetheless coming off lows from a massive peak. Expecting ROKU to double in 30 days
Bear flag with re-test fail After the quick rise to over $74, ROKU dropped to mid-60s and formed bear flag. Recent break and re-test fail shows legs. Potential to go sub $60 if pattern plays out.
Bullish Alert : ROKUHourly Chart.
Bullish alert after the price, with this last wave found support on the 0.618 fib level for a perfect pullback.
The daily chart is already bullish.
$ROKU to make a comeback?Ever since the 12 months double top from Nov20 - Nov21 resulted in the plunged of stock price from the high of about 480 to 90, stock price of NASDAQ:ROKU has been on side way for awhile
Where will it go from here.
My own guess is mean reversion sometime to come
The ~55 is a pretty fragile line, if price continue to drop below 55, the more plunge or consolidation will be expected.
Otherwise, the next upside target within next 24 months is likely to be around 172
Beware of huge fluctuation in between
Just my own humble opinion and not soliciting any trades
Roadmap for ROKUBlue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend, usually resulting in reactions.
ROKU potential consolidation ROKU has been up as most as much as 45% since mid May. During that period it can be seen that the stock tends to consistently consolidate for short periods of time. We could possibly be seeing tha
ROKU to 110This trade is a bullish-long term trade
ROKU has been going down since the pandemia.
However, when you analyze in terms of fundamental and technical analysis, it is a good stock to have in your portfolio because the chance that has to go up!
ROKU has a lot of value in MOATs.
ENTRANCE= at or above 74.78
Afther we enter, it can go to 115 in a couple of weeks.
SL= 51.66
If you already have this stock, I recommend u to hold it!
ROKU - waiting for the breakA number of small stocks have been rising of late and some have started to break out of their bases.
ROKU has been forming a Base since late last year and began to cross above it's 200 day moving average steadily since 2nd June.
It is now trading right at a basing neckline @ 75 and a break up is probably only a matter of time now.
Whether the break will come 1) in the very near future or 2) at least one more pullback from here (up to 50% of it's recent AB upswing) before a successful breakup remains to be seen.
Volume is still light at the moment (except for a strong day on 7th June) hence the odds could favour scenario 2 at the moment. Ideally, I would prefer to see stronger than average volume for at least a week (or longer) rising into a breakup.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
ROKU ROKU is waiting for you, but it won't wait long. It looks like it's putting in a bottom, and may even be ready for mark up after 12 months of accumulation around the $60 level.
From its all time high to what's shaping up to be cyclical lows, we have a range with its first quarter retracement around the $150 level. Extrapolating one step further, a 50% retracement from the cyclical lows to the $150 level is around $100, which is a logical place for price to mark up, if it does leave the accumulation range and accelerate updwards in the near term. I believe that will be the kind of move that doesn't offer many, if any, retests of the accumulation range, once there is a meaningful sign of strength from current juncture.
Another way to think of it is bullish so long as it continues to close above ~66 (first quarter retracement of the range within the range), and probably not a bad idea to add on strength when it prints a new intrayearly high for the push up to $100 and $150 thereafter.
