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Roku, Inc.

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ROKU trade ideas

$ROKU bullish move is over and reversal formation is in place.I love to trade $ROKU. It was an awesome instrument for me to trade so far. Doing my weekly overview of the market and just saw that $ROKU just made it to my list of candidates to short. Double top, the stock is lacking momentum to go up, trend line breakdown with bearish candlestick formation right before that. I think that the bullish case for this stock is over. Long term I could see this sliding down 80% from its peak.
NASDAQ:ROKUShort
by Trade2Double
3
Roku on a kitkat break?So as we can tell that we are in the 5th wave as I also confirmed with the (MOM Divergences) and I am looking for an expected drop around (.236 to 0.382) but (0.382) more to my liking and yes you can say "Aren't (2nd waves) deep retracements?" Yes they can be but I am putting a conservative estimate on my goal post. I am also accounting in for Time frame based estimates with a (Trend based time frame tool). Again these are my opinions. As always happy trading : )
NASDAQ:ROKUShort
by GioThaKingo
ROKU Channel ReversalTrading conservatively within this channel from the covid lows of 2020, and discounting the rallies that broke out of it, it looks like ROKU is about to replicate this pattern reversal and touch the upper trendline. On each of these past reflexive bounces, the length and time of the rally has been fairly consistent and coincided with the MacD curling. After the recent correction in ROKU stock, the MacD is again curling and indicating a reversal is underway. Conservatively, and assuming we don't break out of the channel, we should see ROKU rally over the same length and time as the last 4 occasions. This should take ROKU to 420 by September 20 . This also lines up with the 50 percent Fibonacci retracement from the correction.
NASDAQ:ROKULong
by spxnqoptions
$ROKURoku has lost one-quarter of its value in less than a month. It cost $476 a share on July 19. Now it’s at $351. Even at that price, you’re paying 207x earnings, or 20x revenue. Roku stock fell after earnings. Operating income also fell from the previous quarter to $69 million. Those numbers beat estimates, but user growth was seen as slow. For many people who are invested in Roku it was just time to take profits. Roku has 37% of the U.S. streaming market, but its global share is dropping. Europe, Asia and South America are the new growth markets and Roku isn’t a player there (as of yet) When we look at the technical side of things, Roku is still sitting in a nice uptrend. We have a long term ascending triangle on the daily. We’re sitting right at support which gives a nice RR ratio. We have a double top on the daily. MACD about to curl RSI just coming out of oversold territory. Keep this on your watchlist. - Factor Four
NASDAQ:ROKULong
by TheBlankFund
Roku: Dead Cat Bounce? Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish trend on RSI as well. When it breaks, there will be a big opportunity. Selling pressure is slowing down and a trend change with the inverse hammer followed by a green candle. If it breaks the support of $340, its a dead cat bounce.
NASDAQ:ROKU
by yflaw1018
2
Roku x Inverse H&S Simple Charts: Price Action & Candlestick Psychology - We've seen 1 market cycle with ROKU, and now we should see another one as football season is approaching in September, more viewers will be watching TV and other entertainment as the fall approaches and the weather gets colder - Huge Inverse H&S on the Daily Chart Fundamentals have only increased year after year - ROKU INC - ANNOUNCED ITS LINEAR LINEUP HAS EXPANDED TO MORE THAN 200 CHANNELS, WITH A TOTAL OF 17 ALL-NEW CHANNELS LAUNCHING THIS WEEK ON ROKU CHANNEL Target - $700 by the EoY
NASDAQ:ROKULong
by Thuja_Wealth_Builders