roku buys.would want to buy roku at 200 . would expect some downward move first before the upward swing.
ROKU trade ideas
Roku Double top not finish yet Gapped up to Resistance after being oversold here, breakout was rejected and we are heading lower here .
Next target is 176.. weekly 200sma is in that area
if it doesn't bounce there we are heading to the final target of 98$...
Unless it breaks out of that wedge (yellow lines) Treat each bounce as a dead cat
$ROKU potentially found Bottom with Volume at the 0.618 FibAfter a major Bear Run that started with a double top at $490ish... It appears that ROKU found bottom with volume around $197 region which equates perfectly to a 0.618 Fib Retracement Pullback. Risk and reward should be high and adding to ROKU on any down days post bottom should be beneficial for investors. ROKU has an attractive valuation at around 10 PS ratio based on 2022 Revenue Sales with approximate guaranteed growth of revenue around 30% or more. Additionally native content from ROKU has proved popular with the most popular movie/video in the world right now.
Trade Idea on ROKU | What I want to see before tradingToday we will take a look at ROKU.
What can we see from a technical perspective?
a) Currently, ROKU is on a Drawdown of 60% from the previous ATH on JUL 2021. And if we take the first top on February 2021, we have been on a drawdown period of 290 days +
b) The main bearish structure we have right now is the descending channel. While the price stays inside that structure, I will keep thinking that the price is on a solid bearish trend. However, based on past behavior, I think we may see a breakout soon.
c) OK, what do I want to see before trading if the breakout happens? So, the first filter is the breakout, and after that, I want to see a 5 to 10 days structure with the proportion you can see on the chart (yellow ABC flat pattern).
d) IF all the previous filters happen, I will open positions on the green horizontal line (new local high), stop loss below the correction, and target the last broken ascending trendline.
e) The risk I will be taking on a setup like this is between 2% to 3% of my trading capital. The expected duration of the setup (if everything goes as expected) is between 30 to 60 days.
f) It's important to say that if the filter doesn't happen then, you don't trade :D that simple. And if the filter happens and the trade is executed, the odds of being right is around 50%. However, the risk to reward ratio we will be looking for here is around 2.5
Feel free to share your view of the current situation in the comments! Thanks.
ROKUOn the weekly chart ROKU has seemed to find a bottom after breaking below the neckline of the head and shoulders pattern, support is around $222. ROKU has formed a doji candlestick which looks to indicate a bullish reversal, the daily chart appears to show a future MACD crossover which is also another bullish indicator. A break below $222 support invalidates this bullish thesis, as it will makes it way towards support around $200.
Watch RokuROKU got close to testing 221 resistance today, if it can break and close above then it can test 239 resistance next.
ROKU MAY GO LOWER TO 245NASDAQ:ROKU
ROKU May go to $$245 its a good entry. Has a major support at $271. If rebound from $271 we need to wait for buying zone 1.
ROKU upside targets + trade planROKU upside targets 4h timeframe. Above 260 fib can easily run to 310, where I'd expect it to come back down to 260 for a gift entry.
ROKU Beautiful Breakout (ABCD Pattern)This morning ROKU gapped up at open above 221 resistance and rejected 239 resistance, but shortly after continued in an uptrend, forming a textbook ABCD Pattern. If you bought at the dip (Point C) or shortly after the price broke above 239 resistance, you got some nice profits and were able to ride all the way to Point D if you sold at or above 252 Resistance. Although ROKU continue to move upward towards 260 by EOD, my initial price target was 252 resistance and it was a beautiful trade. Support and Resistance levels with a basic understanding of chart patterns is all I need, it isn't necessary to make things overcomplicated, keep it simple :)
ROKU BULLISH LONG TRIMNASDAQ:ROKU
ROKU We may see it rebound to 302-364 . Stop loss 216 . up to 3Months
ROKU going for the big swingTodays price action confirmed the reversal from bottom. It closed near intraday high. As long as it doesn’t drop back under the 20 day, which I don’t think it will, then it’s looking good for a big swing to break $270 then to $285 then to the moon $ROKU
If you agree then follow me for more, and give this a like
Gap fill? put trade?Created the gap in the morning and looks like it hit my downtrend line and got rejected, overextended from the 5ema on the daily chart and also overbought on most smaller charts( 1h, 30m etc) on top of these signals weekly chart has a death cross. I think it ran too fast and might get pulled back a little. In addition to that the weekly death cross has me thinking it’ll come to the 200ema on the weekly chart. Is todays candle a bull trap?
ROKU, Time to move?With news, price is breaking out of a descending channel, has to reclaim 239 then 240 to confirm a full break imo.
ROKU looks oversoldROKU has not performed well over the last few weeks. It has been under heavy selling pressure since its last earnings report. I am considering a long position for 2 reasons. First I believe that the stock has sold off to an area of consolidation that may interest some buyers. It is a zone between 218 and 228 (rather large range). Secondly, and more importantly, the RSI has shown a reading of below 30 for a while. Historically if RSI has been below 20, it has proven to be a good buying opportunity for this stock. I think that a close above the 5ma will be a sign for a reversal of momentum. I think an acceptable target is 240 and then 245 after that.
ROKU earnings on the long side I can see an eventual trip up to 580 on ROKU with a blowout earnings report (please note, this isn't a 2-3 day price target, this is longer term).
Otherwise I see 387 on any bad news or non-event type of earnings call/report.
Buy $ROKU - NRPicks 12 NovRoku, Inc. together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform enables users to discover and access various movies and television episodes, as well as live sports, and others.
Revenue TTM 2.5B
Net Income TTM 286M
EBITDA TTM 383M
EBITDA Margin TTM 15%
Debt/EBITDA TTM 1.18x
ROKU is a buy opportunityROKU is trading at the bottom of a long term upward price channel with low volume after a strong earnings report this past month.
RSI is very oversold at around 26.4.
MACD is positioned for a reversal.
My bubble risk indicator is showing a low-risk entry point. This is basically a measure of the price distance from the 50 week EMA.
I'm selling some QQQ to add to my ROKU position.
$ROKU YTD demand $ROKU is sitting in a year old untested demand zone from its November 2020 breakout. Could potentially see as low as $200 but a break from here will bring its most recent supply areas between $275-325, and it could go relatively quickly.
Holding 10 12/3 $257.5 calls at .56 as a weekly lotto. Target $20,000 profit or 0
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
Multi-Support Reversal Long: ROKU 220Primarily looking for a reversal play, the drop represents a nearly 50% pullback from the 52-week all-time high.
ROKU bounced several times from this critical 220 level.
Established a respectable buying volume profile around this level, with additional support at a $200 inflection point.
The chart is curling with a cup and handle pattern forming on 4Hr chart
Holding long term trendline support and regressional channel
Fundamentally driven trade, high-growth large-cap Adtech trading at 8.4x EV/Sales NTM.
Timeframes Used: 1 Day, 4hr, 15mins
Entry: $220-230
Exit: $255 Partial, ride rest.
Stop: under $200, near 15% stop loss
$ROKU - swing updateI posted this chart last week - still looks good for a move to the downtrend channel - I will be offloading and securing profit in that zone. So far so good on this swing
Expanded Flat Elliot Wave correction on ROKURoku in an expanded flat here, here’s my best attempt at mapping out the five waves within the c wave. 238 is the point at which wave 5 becomes equal to wave 1. .
