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ROKU trade ideas

How I found and identified Five 100%+ return swing trades!It's not too late! My job i to identify the liquidity being built and since we're trading options, time the breakout as best we can. As you can see on these 3 equities, in addition to 2 more I'm trading (PYPL, UPS), we've built sufficient liquidity over the past few months in order to make these breakouts. So keep an eye out for controlled selling and re-entry opportunities - it's never too late to catch another breakout! Happy Trading :)
NASDAQ:ROKULong
by ReigningTrades
Cypher Bearish Pattern on ROKU (3H Timeframe)🔍 Overview: Spotted a bearish Cypher pattern on ROKU's 3-hour chart. This setup looks promising for a short trade! 📉 The RVOL average is increasing, which gives us a bearish confirmation. However, be cautious as the "High Volatility" dots indicate potential for drastic and unpredictable moves. 📊 📉 Chart Analysis: 1️⃣ The Cypher pattern indicates a potential reversal from the recent uptrend, with resistance around the $64.28 level. 2️⃣ The increasing RVOL average supports the bearish sentiment, suggesting more sellers are entering the market. 📈 🎯 Trade Setup: Entry Point: Look for confirmations as the price approaches the resistance level. Target 1: $58.86 💰 Stop Loss: $64.28 🚨 📝 Why I'm Interested: The combination of the Cypher pattern and increasing RVOL provides a strong bearish signal. The "High Volatility" dots highlight the need for caution but also present an opportunity for quick profits if managed carefully. 📊📉 📅 Timeframe: Monitoring this setup on a 3-hour chart, so keep an eye on shorter-term price movements. ⏳ 🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑✌️ #ROKU #CypherPattern #RVOL #HighVolatility #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
NASDAQ:ROKUShort
by TradeTalkFarsi
Is Roku An Outperformer? NASDAQ:ROKU 6/7 Leader As discussed in my previous post AMEX:IWM has started to outperform the markets. Long story short rotations are favoring small/mid-caps at the moment, so we need to find the leaders of the small/mid-caps. Now with this being said we are not necessarily looking for % wise but more of a structure. NASDAQ:ROKU is another AMEX:ARKK name. Overall NASDAQ:ROKU is one of the leaders in the arkk name. Right now, price action wise NASDAQ:ROKU is trading within a range but as labeled in the chart within the range we took out buyers and sellers and now we are back in the range. What is the plan? - The plan here is simple. Since we took out both sides and rotations favoring small/mid-caps, I will be looking to add to my long exposure and pick up either ITM Calls at the $57 strike or ATM Calls at the $58 strike expiring 6/7. Entry is a continuation of momentum at market open. If momentum seems to be dying down, we will wait for a later entry if given. Add another contract either at market open if you bought at market close or vice versa. 1st TP is 50-70% of your initial contract value.
NASDAQ:ROKULong
by OakFDom
ROKU - This is simply a BUY level. Put aside the tapering and my strategy and algorithms altogether - If I only traded supply and demand and support and resistance levels - this would be a level I would buy! Obviously we have to be more specific than just '"buy" and that's where what I do comes very much in handy in determining WHEN to buy! In this case, since we already profited and are still working a position from before the pop last week, I will be playing this trade a bit differently as I have the opportunity to add new runners to an already long term position. If we do see orange activated and respected, we will look for confirmation, and expect a play to the high $60's where we can take profits and continue to work and build our position. Also - if anyone trades without volume on their chart - Don't. It's one of the two constants that everyone sees. Volume & Price - start to incorporate it as much as possible in all time frames as it gives great indications to intention and true levels of s&R Hope this was helpful Happy Trading :)
NASDAQ:ROKULong
by ReigningTrades
2
$ROKU The Surprise Heavy Hitter Don't under estimate the power of an imminent NASDAQ:ROKU Rally as it displays a series of Higher Lows and Higher Highs. Price action on the monthly chart indicates that this stock wants to move higher. With the impending breakout of the monthly CCI into positive momentum territory, you will want to enter large before this breakout occurs. Once price moves further above 88.28, it will gather support and find each of the levels indicated above on the supply and demand Fibonacci. Technical indicators combined with NASDAQ:ROKU extremely positive recent earnings suggest it's here to stay as a major player in the streaming and service access industry. Sector rotation is on the way.
NASDAQ:ROKULong
by Midgar-
Roku Test with Destiny A 2 year Support trendline A Buy?Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for atleast 3 touch points. Owing to the idea that our recent touch point is a solid area to take positions. Has a decent probability of a bounce. On top of that we have the Blue horizontal trendline, which acts as an added layer of Support. Incase the black trendline does not hold, this would be next lvl. Stop loss/limit should be placed below trendlines based on risk tolerance. Small positions can have a larger % loss, vise versa. Now to Support my theory of this buying a solid area to take positions. I have 3 indicators. RSI which is in Oversold conditions after 3+ months. On top of that the momentum indicators MACD and STOCH. Are also oversold. MACD is signaling a waning bearish momentum. As seen by the light red histobar prints. We are looking for and eventually should see Green bars and a bullish cross. Which can bring in necessary demand we need for bounce. Also STOCH RSI is below the 20 lvl, but crossing Bullish as we speak. This must continue and a bullish cross ABOVE 20 lvl, will also bring in demand and help with bounce. If we see bullish changes in the momentum indicaotrs, i believe there would be a even higher probability of prices bouncing. So pay attention, be diligent and manage risk accordingly. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ROKU in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:ROKULong
by SafofAllTrades
5
4/25/24 - $roku +ve bias but watch - vrockstar4/25/24 - vrockstar - 2x sales, scaling on the opex line and 5 days to cover keeps me from wanting to short this esp after last quarter's result. but the setup looks more +ve than -ve here. the second order problem is a miss sense this into the abyss that's hard to dip buy and you're best to take losses - i don't like that sort of setup. so plan here is to chase a high quality print higher. will take funds a few days to reload and we can front run that post market. not convincing to play the volatile print. if i did consider a long - i'd cover ITM c's.
NASDAQ:ROKULong
by VROCKSTAR
Roku Grapples with Second Major Security BreachRoku Inc.( NASDAQ:ROKU ), the leading streaming platform, finds itself embroiled in a cybersecurity crisis yet again as it discloses its second major security breach of the year, exposing the personal information of a staggering 576,000 users. This alarming revelation has sent shockwaves through the company and its customer base, underscoring the urgent need for robust cybersecurity measures in an increasingly digital world. The breach, announced on April 12, has dealt a severe blow to Roku's reputation as a guardian of user data, coming hot on the heels of a previous incident just a month prior. In March, the company revealed that 15,363 customers had fallen victim to a similar breach, wherein sensitive information including credit card details, passwords, and usernames were compromised. In the latest breach, malicious actors capitalized on vulnerabilities within Roku's security infrastructure, exploiting loopholes to gain unauthorized access to customer accounts. While Roku ( NASDAQ:ROKU ) reassures users that no full credit card numbers or complete payment information were compromised, the severity of the breach cannot be understated. In nearly 400 cases, unauthorized purchases of streaming service subscriptions and Roku ( NASDAQ:ROKU ) hardware products were made using stolen payment methods, sparking fears of financial loss and identity theft among affected users. In response to the crisis, Roku ( NASDAQ:ROKU ) has taken decisive action to mitigate the fallout. The company has initiated a comprehensive security overhaul, including password resets for all affected accounts, refunds or reversals for unauthorized charges, and the implementation of two-factor authentication for all users, irrespective of their involvement in the breach. These proactive measures aim to restore trust and confidence in Roku's commitment to safeguarding user data. Amidst the turmoil, Roku's ( NASDAQ:ROKU ) stock performance reflects investor apprehension, with shares plummeting in the wake of the security breaches. The company's stock has struggled to regain its footing since February, signaling investor concerns about the long-term implications of the cybersecurity incidents on Roku's financial health and market standing. Nevertheless, amidst the turbulence, Roku ( NASDAQ:ROKU ) offers a glimmer of reassurance by confirming that certain patent applications, including the controversial proposal to run ads on devices connected to Roku TVs via HDMI ports, are not currently being pursued. This clarification may provide some solace to customers amidst the uncertainty surrounding the company's cybersecurity posture and strategic direction. As Roku ( NASDAQ:ROKU ) navigates the fallout from its recent security breaches, the incident serves as a stark reminder of the ever-present threat posed by cybercriminals and the critical importance of robust cybersecurity measures in safeguarding user privacy and trust. Moving forward, Roku ( NASDAQ:ROKU ) must redouble its efforts to fortify its defenses and reassure customers of its unwavering commitment to protecting their sensitive information in an increasingly interconnected digital landscape.
NASDAQ:ROKU
by DEXWireNews
2
Can ROKU run before earnings? LONGROKU on a daily chart is sitting on support in consolidation since the trend down after the last earnings report. In three weeks there will be another report. The prior report showed negative earnings but it did beat the estimates while revenues were a mild surprise. I expect ROKU has done some belt trimming to try to get expenses decreased while growing revenues. My long trade here is from thin support but targets the Fibonacci level of a retracement back to recent high pivots. The target is 80 representing 30% upside. A stop loss will be initially set at 61 but then raised 3.5% every time price rises 3% to gradually tighten it. I will take a good part of the hopeful profits off the table a few days before the upcoming report.
NASDAQ:ROKULong
by AwesomeAvani
2