nice bounce on ROKU 👀roku seeing a nice bounce off a strong trend support, if it breaks above trend resistance we can target 170.39-240.40, if trend support breaks it can dip to 58.37-19.17
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ROKU trade ideas
WATCHING $ROKU for entryWATCHING $ROKU for entry
This is my answer to everyone who requested ROKU analysis. When macD crosses back up that is where you go long… If I find another reason sooner than that I’ll post for sure… does not look, technically, like that will be soon, but i have alerts set...
GL
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ROKU fell 22% here is my complete trading planRoku & Netflix were victims of a return-to-work scenario. It will take a lot of work to recover from a 22% plunge. There will be a lot of volatile buying & selling in the red eclipse due to FOMO & FEAR. Monitor for a reversal pattern in the red zone specially when it goes above & holds the dma 20, then makes HLHH. After that SELL the rips as long as it is still below dma200. Stocks take the elevator down & the escalator up.
Fibonacci & RSI tells us that it will have a dead cat bounce to 145 before a continuation down to the psychological 100 level. Falling below 100 will signal very bad things to come.
Not trading advice.
Buy ROKU or long-dated calls. Stock has oversold to support.Technically, stock price has fallen to yellow support line and RSI has been oversold. Stochastic and directional volume also indicate that buyers should come in soon. I am watching price over next few weeks to buy stock and I am adding this to my "basket" to look for swing call opportunities.
I do not do fundamental analysis, but experts in this study indicate that Roku still leads in this sector and it still added more new accounts. The company will benefit from easing supply chain issues and management is taking a short term hit for long term growth. As markets start rising again in Q2 this stock is in a good place technically to make a strong price move up.
ROKU 2M Master Charttest
Roku, Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. The Platform segment allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs. Its product categories include Roku audio, Roku TVs, and Streaming Players. The company was founded by Anthony J. Wood in October 2002 and is headquartered in San Jose, CA.
ROKU LONG Roku has bounced off support and seems to have completed the ending diagonal.
would look for buy trades on this.
Another Potential Mirror Pattern $ROKU targets $70Another potential Mirror Pattern on $ROKU. Targets 70 measuring from the center of the mirror. Not great news for $ARKK.
I was not watching ROKU actively - this could have been seen as a possibility as early as the retrace back to 266!!
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Was the ROKU sell-off predictable?I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
Now, after the earnings, i see a retracement to the May 2019 level.
Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected
For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.
ROKU BUY?ROKU shares are forming a support line for itself. The RSI indicator reports an uptrend.
Let's see :)
ROKU - BEARISH CONTINUATIONOn Thursday Roku inc. reported worse than expected quarterly revenue, which led to new bearish momentum. The company reported fourth-quarter revenue of $865.3 million, compared with estimates of $894 million.
The next support level for Roku is located at 100.
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$ROKUSorry Kathie but this stock is trash! At critical support here and the only thing left for it to do is to keep going down! We are coming back to fundamentals baby!! Hedge with some calls and full port those puts.
Lets see if I can nail Roku this time.I will be buying Roku at $100. Seems to be coming back down to its actual value before everything and there mom was pumped with fed fun money lol Looking for a break to the down side even tho this looks like a falling wedge.
short term play
ROKU PE is still KUKUThis is not the environment to be catching this falling knife. We are in a bear market and this company is highly overvalued, growth is slowing, supply chain issues and input costs are increasing. ROKU missed revenue expectations by 9 % and lowered forward guidance. Another 70 PE stock whose price to earnings will compress. ROKU $865.3 million, vs. $894.0 million as expected by analysts ROKY sees $55m in adjusted earnings before EBITDA below the $79.2m consensus. ROKU, another Covid play is trading at it's lowest level since June 2020, this too will be taken out to the woodshed.
This is my current plan on ROKUROKU is down 70% from the previous "ATH" and is below a clear descending trendline; I'm really interested in this kind of name to look for opportunities in case a new bull run comes. My main thesis to support the idea that a new bull run may come is on the logarithmic chart.
As you can see, these big drops have already happened in the past , and after that, we observed massive bullish movements. So my view is that there are similarities between them and that past behavior may repeat again.
Ok, nice that these mean that we should buy now? Of course not; that's why we use technical analysis to detect common patterns between all these past situations and try to find which would be the most efficient way of trading this "opportunity." My conclusion is that I want to observe breakout followed by a correction in the daily chart of 7 to 12 days and a clear 10% retracement.
IF that happens, then I will be interested in trading on a new local high in the same way you can see on the chart, with a target on the next major resistance level.
What happens if the price keeps falling? Then I will not trade, and I expect a move towards the next support. From there, I will look for the same setup I'm mentioning here.
Thanks for reading! Feel free to share your view and charts in the comments!
ROKU: Oversold on the Monthly timeframeWhat do you guys think about Roku? Time to get in or what?
I like the price here based on technicals.
ROKU is a strong competitor to Netflix, HBO, etc.
$ROKU ROKU another sleeping giant ending major correctionROKU perhaps a NETFLIX killer and another sleeping giant, preparing to complete major correction in supercycle (II) and preparing to start first bullish leg of supercycle (III).
Target range for buyers is within the blue lines as shown.
Wave 5 should end the correction ~ $132 area, but it *can* extend deeper (you must remain prepared in case it does). We're looking for another set of 5 waves to complete wave in wave c of supercycle (II).
1% rule per trade;
calculation here would be
Entry: ~ $132.11 - $118.38
Stop Loss: $32.00
Targets will be updated: Minimum we'll get is a 3 wave bounce where we'll be looking to take partial profits and put stop loss above entry to create risk free position in ROKU.
For spot buyers, DCA will be your best friend in case we extend to those lower extremes.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
ROKU rounding bottomRoku looking to push higher before ER. I could see 190 to complete the rounding bottom
Time to ROCK ROKU shares After more than 70% plunge from the peak, it has also completed the ABCD pattern. I will wait a while more for it to establish more bullish patterns before nibbling some.
Elliot Wave Pattern Forming - ROKU shortThis is my first published chart haha.
I see an Elliot wave pattern forming. Potentially, you could trade this pattern long in the next day, then open a small protected short position.
Just something to keep an eye out for.
Let me know what you think!
Roku Analysis 09.02.2022Hello Traders,
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I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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$ROKU near heavy entry (3/5)Conviction: 3/5
Should probably wait for better entry around bottom support (4/5)
General Thesis
Weekly RSI good entry level
Daily RSI bounced off oversold, could still become bullish divergence with a lower low
bounced off near-term (2017) support trend line since inception
Growth
Gross margins (45%) is pretty steady the last few years, at all time highs
Revenue growth (50%) around historical average, down from 2020 pandemic highs
Value
P/S below average, looks like about historical median
P/FCF is very high (156), but about around mid-range of history
Fundamentals & Balance Sheet
quick ratio very attractive
Potential Risks
history is quite short, unclear how it will behave during recession
Daily RSI could spike down to oversold area some more
Historically no bullish divergence on weekly RSI before bounce
