100 Percent upside available on thisNeeds to hold $270 and a need to see an impulse from there... that should confirm the correction to be over and Wave 5 start.
ROKU trade ideas
Roku Earnings PlayDescription:
Earnings after close on Wednesday, taking advantage of high IV on same week options and covering with next week's (Calendar Spread).
From Deltaone on Twitter: twitter.com
76% expect beat
9.5% move priced in
7.7% avg move post earnings in recent quarters
Long Call Calendar Spread
Levels on Chart
Break-evens
344.96, +12.89%
275.74, -9.77%
Downside also protected by support established in DEC of 20.
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 307.5C
SELL
11/05 307.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
ROKU could find support around $260I think $ROKU could find support around $260, but would not rule out a long term target of $100 if things get ugly. So far printed almost a perfect text book gravestone doji if it wasn't for the afternoon bounce but still I'm not convinced that a sustainable bounce is coming. MACD on the 4D and 3D chart looks divergent still and that gap is pretty telling. I see Gaps as bookmarks that the algos leave to revisit later, but does not mean all gaps end up filling it is just that this one is pretty close of the price/vol action. Playing 2-3 weeks ahead 270 puts not bad risk/reward imo. Let's find out tomorrow and next week.
$ROKU Live Harmonic Levels Cypher pattern See chart for detailed set up, I will update PRZ zone price action 307-308 is key i will scale before 314ish
Rectangle/ Earnings today!Roku is close to the bottom trendline of the rectangle which is support. If trendline broken it becomes resistance. If lower trendline is broken with a downtrend, targets could be to the downside.
Wide channel/204.63/and earnings are today after market close. Weekly low is 280 so price has pierced bottom trendline.
If I were o go long I would place my stop under 272 which is not ultra close by. If I were to go short, I would place a stop above the bottom trendline after price has broken it with a downtrend.
Since I am unsure, I will do nothing (o:
Bearish divergence a while back which has corrected by this point in time.
No recommendation
$ROKU - potential W breakout from the necklineROKU price action is looking strong and it broke out of the neckline yesterday... potential to reach the target highlighted in the current ER season.
Roku Roku looks very good, I waiting for the double bottom and today it is completed. Now, it will be a great entrance. Also 280 is big support ine
ROKU Bullish Shark PatternRoku from Bearish Shark to Bullish Shark patterns.
Watch for rebound before getting in but now in buy zone.
ROKU IDEA ROKU tested previous resistance zone at $340.00 $360.00 unable able to break through. has a double top that has bee formed watching the break of $271.00 if that support is lost next level is $228.00
271 remains the key level
New Roku Calendar Spread LevelsThis is in reference to:
The strike was changed on the original idea to maintain as neutral a position as possible.
WATCHING $ROKU for 247.97 - Key Levels and Analysis WATCHING $ROKU for 247.97 - Key Levels and Analysis
So this is a little bit of a longer view… Looking for 248 level to start a position.
Earning’s on Nov. 3rd so I’ll look at it again after that… GL.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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Falling Wedge On dailyRoku has been in a rough bear market for the past 3 months, however as we can see there was a quick breakout of the yellow line and now retest after touching the red. We could see it continue down through the support and further down (supported by the massive weekly double top from months ago) past that, or a bounce off the yellow line and breakout above to restart the bull run.
$ROKU | WEEKLY WATCHLIST 11/1Make or break level for Roku here. We must see a strong bounce this week ($25+ bounce) or else it looks quite rough for the outlook of this one...
Moving Averages are consolidatingMoving Averages are consolidating and look like they are going to crossover on the earnings announcement
I think its readyLooks like its setup for the next wave higher. I like this setup to initiate a long.
ROKU finding its bottom here! ready for a push higher🤩hello traders! lets take a look at ROKU today.
We are currently sitting at a very strong support zone that has been tested many times in its previous history.
with 9 previous bounces around my blue zone, I think its safe to say this will be the 10th bounce... We also saw a breakout from its downtrend and then a retest shortly after. This is a very bullish pattern and tells us bulls are still in control for now.
stop loss 285, price targets 375/398/430/491
ROKU hammerROKU had a very nice hammer on Friday with increasing volume at a great great location. The only concern is the daily 50 pushing down. This is a nice set up to consider but I will wait for one or two days. If it breaks out, I will buy a retest. If it trades sideways, I could consider this stop limit breakout.
ROKU LONG OPPORTUNITY NASDAQ:ROKU is currently looking very bullish. Long position placed with 6% take profit, as shown on the chart.
Good luck,
Your Ganbu
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ROKU base breakoutROKU is working on the 339 pivot. If it breaks a move to 370 is possible. My play would be to wait for the break then play the pull back as ROKU has a tendency to give up gains quickly. Not interested anymore if it falls back below the box. Targets would be the fibs above. This would be a pre earnings play so would not hold through earnings.
ROKU weekly tgt suggests 600 by Jan 2022Weekly EW wave assumption is that wave 5 is still developing and assumes a 1.272 fib tgt of 600 in Jan 2022. I have ROKU 380C for next week and expect price to moveo to the 369.54 which is the mean value of the weekly bollinger band. Upper bollinger band tgt suggests 462.03 and Weekly Darvas channel tgt suggests 490.76
ROKU WEEKLY idea Supply & Demand zones.ROooKU SUPPLY & DEMAND + POSSIBLE WEEKLY Swing idea???? S/O PUPZ
$ROKU NEXT STOP THE MOON! 🚀🌕 - Swing Trade
- Price Action bouncing from support (GreenBox)
- Greenbox serving as support since late January.
- The last daily candle looks bullish and pinned.
- Earnings on 10 Nov 2021
PT Inside RedBox.
ROKU log chartThis is a ROKU monthly log chart. Looks much easier to understand. The 21month MA is the current support.
