ROKU... Zoom OutI believe shorting Roku at around the $58 area and being patient will be beneficial. I think it will see the 40's again with patience.
Not financial advice, good luck to all :)
0KXI trade ideas
More Pain for Roku?Roku fell sharply in late 2021 and the first half of 2022 as growth stocks collapsed. Now, after a period of consolidation, traders may look for the bearish move to continue.
The first pattern on today’s chart is the 200-day simple moving average (SMA). Prices tested this long-term trend marker over the last three months without breaking through it. ROKU slid back under the 200-day SMA in late April and has remained there since, a potential sign its long-term downtrend remains in effect.
Second, notice how the 100-day SMA never crossed above the 200-day SMA. That’s also consistent with a longer-term downtrend.
Third, a triangle formed and resolved to the downside. Bollinger Bandwidth widened at the same time, a sign of prices starting to move after compressing. MACD has also turned bearish.
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 SymmetricalAfter its earnings report, Roku seems to be forming a symmetrical pattern. I drew the trendlines to fit most of the tops and bottoms but you will adjust accordingly with price action. It looks like we're getting into the narrow straits of the trendlines so I'm looking for a breakout with high volume in either direction today or tomorrow. If you look at their earnings, I'm leaning towards a breakout on the long side but I'll let the chart decide. Let me know what you guys think!
ROKU : Chart updateThe price is now shaking between $68 and $54.50.
Less important level at about BMV:60
To see a first signal of bulls after the strong downtrend The price must close and hold at least $68. Much better would be 76.50.
If bears are still in control, the price will easily record a new low soon, below $54.5
ROKU Stock Chart Fibonacci Analysis 041723 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 63.3/61.80%
ROKU Stock Chart Fibonacci Analysis 032923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 63/61.80%
Weekly Levels : ROKUNext Support and Resistance Area for $ROKU
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
ROKU ROKU - Where Are You? 🔍 Analysis #32/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
ROKU is stuck inside a range around support and round number 50.0 so we will be looking for buy setups on lower timeframes.
on DAILY: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray around 75.0
Meanwhile, until the buy is activated, ROKU can still trade lower till the 50 support again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
JUST FOR YOU JESUSGet the indicator i showed and follow each step how i showed it on the video with the arrow let me know when you see it so i can take the video down i dont want no one to know about this
ROKU : Ready to move ?The short term pullback (red line) is gonna crush soon on the long term uptrend, supported by the strong 250h.
EMAs are Flat.
The price is ready to make its move.
$ROKU Daily looks nice, check the weekly. Waiting for confirmation on a weekly breakout either direction.
T-Box on $ROKUPath of the next possible moves on $ROKU. The upside will be supported by the ema 250h
The downside will see a new test of the fast emas on the 250h.
Check the boxes for price levels.
ROKU 01032023 long IdeaROKU Going long Idea
RoKU bounced well from weekly strong support and then got rejected weekly resistance area and once again bouncing from weekly support area it can be good trade if followed th pattern.
EP: 64.67
SL: 52.91
TP: 77.32
RRR:1.08
V BottomEarnings were announced and appear the numbers were received with enthusiasm.
Possible stop where you see support.
No recommendation.
ROKU: It is done falling into infinity?While some are sure Roku is dead, there might be signs of a turnaround. Weekly DI is now in bullish territory, with green DI being above 20 and red DI below. ADX turning down also signifies that the massive down move might have ended and a new phase is starting. I will be closely watching the retrace of the latest bounce to hold 50% fib level and create some kind of an inverse head and shoulders pattern along with the trendline breakout retest. If all of that plays out, it will be the sign to jump back in it for a crazy move up.
ROKU Earnings: Not Bad But Not GreatROKU has an incomplete bottom ahead of its earnings report later this week. The technical patterns don't indicate a bad report, just not a great one.
There is some accumulation and a shift of sentiment around the lows of the bottom formation, which are likely to provide support. It is unlikely that this stock would drop further than the Dark Pool Buy Zone unless it has a bad report.
The company has struggled with Market Saturation for a while. Some strategic partnerships recently and in the future may be what the stock needs to stabilize here to eventually begin the next uptrend.
Weekly chart showing strong long-term support for the current bottom formation:
ROKU - BULLISH SCENARIORoku will release the fourth quarter and fiscal year 2022 financial results after the stock market close on Wednesday, February 15, 2023. The expectations are for -$ 1.71 EPS and 805.63M Revenue.
The revenue growth slowed to a crawl through late 2022 even as its operating losses expanded. In early November, management projected that revenue would decline in Q4 for both its hardware and content platform divisions.
A bullish momentum is expected. The first local resistance is located at $ 75.
2nd resistance is located at $ 100.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
LONG - based on RSI and failed breakdown on weekly$ROKU
Started to look good. After $NFLX ER, ROKU started to have change in dynamics and price action.
Holding crucial levels, tried to come out of failed breakdowns and nice RSI is showing nice signs of being high since Nov-Dec 2021.
I am long $ROKU as far as 49-50 level holds.
$ROKU is still below covid lows but i think this is worth a risk reward here unless 49-50 level is lost
ROKU PANDEMIC BUBBLE now near fib bottom supportROKU PANDEMIC BUBBLE now near fib bottom support
COMPANY HAS BEEN MAKING MONEY so.....
a leap put sale at $130 after fed news is a nice safe trade DYOD
ROKU LongRSI divergence
Wedge breakout + retest
Earning 11/2/2022 Est. -0.88
Entry 54
Stop 45
Target 85
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
