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?
4ROKU trade ideas
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.
We will we will ROKURoku
Short Term
We look to Sell at 98.40 (stop at 107.29)
Preferred trade is to sell into rallies. Bespoke resistance is located at 98.40. Posted a Bearish Outside candle on the Daily chart. This is negative for sentiment and the downtrend has potential to return.
Our profit targets will be 73.29 and 61.10
Resistance: 100.00 / 140.00 / 178.00
Support: 86.00 / 73.00 / 50.00
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ROKU Bullish price targets inbound $ROKU
If we hold above 99-100 range we should see 110 then hit some resistance around 116-117. If we break, we'll see 130s and 140s very soon.
NEWS: Partner with WMT and potentially being bought by Netflix. More fuel to this setup.
NFA
Bullish divergence on ROKUROKU become "brokeu" after dropping 80% in 1 year. Now, some bullish divergence is beginning to form, which is pretty common in a Wave 4 pattern. Roku CAN and probably does make one lower low, but slowly accumulating and buying around $70 does make sense....and maybe even dollars. ;-)
Supplement to “Springish” ideaAt smaller time frame I’m observing an expanded flat with B 1.618 extension of A, and C 1.618 retracement of B.
This increases probability of seeing follow through off the bigger picture spring in the accumulation phase going into an expected sign of strength. My last idea, linked, goes into more detail about that but in summary here are my near-term expectations:
- continuation up to 111
- pullback from 111 to around 100
- if bounces at 100, begin markup to 140 initial target
Springish Obvious and typical *Drunk Spider Web* pattern unfolding.
DMI indicates we just saw the spring of a wyckoff accumulation phase - still needs to complete sign of strength and backup/retest before markup.
Within this zone can also see a triangle that broke out, then retested support. However, ROKU has quite a web of resistance - could swing long near term calls around 100 strike and hedge 3:1 (perhaps Jul 8 100c, Jul 1 85p)
Confirmation for big long would need to see a run from here to around 111, then test of around 100 and bounce from there. If that plays out I’d become very bullish with initial target 140. Not Financial Advice.
$ROKU short term bounce?$ROKU suffered a lot in the past few months after missing earnings and continues downtrend in the overall market. on this bearish market, its really hard to predict movement for bullish move. per #strat technical perspective; $ROKU is starting to gain more momentum after last week's slow and small rally.
Despite the small rally from last week, the seller ratio still ratio is still higher than the buy volume.
Below is my buy and sell target for ROKU
For scalp or day trade moves.
For calls; buy above $85 and sell at 86.04 or above
For puts, buy below 80.30 and sell at 79.28 or below
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Welcome to this free technical analysis . ( mostly momentum play )
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ROKU Wolfe Wave Daily SetupOn June 15, Roku triggered a BUY entry using the wolfe wave daily setup. This wolfe wave setup has two major moving averages that are potential targets 21 day ma and 50 day ma. In addition, ROKU is squeezing on the daily time frame. So if the markets open Tuesday green, then ROKU has a shot of moving approx 11%. If the squeeze triggers long and the momentum picks up such that the momentum histogram bars cross up and above the zero line the the momentum should stick with ROKU and achieve the wolfe wave tgt of 116 before Aug 9.
$ROKU ~ Correction looks almost complete...Beautiful Elliot wave structure as shown. Correction should be complete soon but need to wait until overall market turns around. Will continue to monitor and may present great opportunity in the near future.
ROKU - Bounce Play 2Having scoured many charts ROKU is my number 2 choice for a swing long in tandem with probable upcoming NDX bounce.
I'm staggering my entries so I have not entered this yet as this chart is a bit more choppy that PYPL and I'd like to see NDX make a little progress first.
ROKU however has had an even more impressive 85% crash compared to PYPL 77%.
It has recently tagged an important support area highlighted that printed a strong shakeout reversal pattern in the 2020 crash.
2W RSI showing hidden divergence on the lower band.
There isn't too much structure in this chart, it is essentially trend up, top, trend down and for that reason I would suggest a bounce to hit resistance in the top area @ $272 which is within the retracement shakeout area of 0.618 - 0.75.
ROKU is potentially better RR than PYPL, but it isn't as clean of a chart so I will see a bit more before entering.
Not advice.
ROKU has shown positive action. Should pop to 140I like the action in the past several trading sessions I believe it can pop to 140. SL is break below 84.9
ROKU finding a bottomROKU has found a bottom, bouncing off past support and making a higher low.
MACD is also diverging from the price trend
Expect a move up here
ROKU Emerged from Bear Market as 2019 LeaderROKU Emerged from Bear Market as a 2019 Leader
Strong FTD
EP on 4x VOL
New Leadership
Earnings Growth
Roku to recover 130 during Bear Market Rally?Roku just broke out to the upside of a falling Wedge Pattern
If it retests the Trendline successfully I´ll enter with a full position.
Roku has been hit hard recently, but built a nice double bottom, with divergence on the RSI.
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ROKU next 2 years are going to be crazy.ROKU accumulation zone between the lines, suggesting to buy small amounts slowly over the next 6 months
Ascending Broadening Wedge Breakdown on ROKUI will be targetting the 1.618 Retrace from the Previous Low to High on this short trade.
is $ROKU Really in a Value Zone?With so much pessimism about the dooms day or the sky's going to fall scenario for the US equity markets, I believe ROKU is a safer bet to take on as a contrarian trader. The stock price has been falling ever since and is now finding support at a major support level. A counter trade is still looking promising and my near term target is $163. I entered with a 5% exposure only.
