$ROKU Possible pathWatching this model to see how ROKU will follow, seems plausible. No position yet
ROKU trade ideas
$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
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.
ROKU gaining momentumROKU had a strong day today, looking for continuation tomorrow. Morning star pattern is a reliable reversal pattern. If ROKU can break above $364.77 with momentum it's lights out. Let's see if the market can string together a few decent days.
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
ROKU Back on watchI was stopped out of ROKU last week after it could not find a base. Price looking like it would like to bounce again. My bias is long but one could play it long or short on a break from the tan box. To the upside the targets would be last weeks high and then fibs if it continues. To the downside the green box would be the target zone. The tan box could be used as risk depending on size used.
ROKU Trend Reversal incomingTicker: ROKU
Notes: Roku has been trending in this downward channel and finally bounced off of this Daily demand and broke out of that downard trendline. We just need confirmation on this breakout and be patient with it. We don't want to catch a falling knife.
Key Level:
Crossover above 200SMA (362.64) could be a good reversal entry for a target of 370 then 385.
ROKUWatching ROKU here at this level, if it can close at or above 356 support it should test 366 soon
Bullish- Looking for a breakoutROKU looking very interesting here- Double top played out as expected, however, ROKU held the longer-term uptrend quite nicely- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish
- Falling wedge (bullish) on shorter timeframes, Bollinger bands also squeezing (See Chart Below)
- Doji reversal right on the 200-day EMA
- RSI in oversold territory
- Buyer volume increasing relative to seller volume
- MACD cross looks to be imminent
PT1- $354.43
PT2- $357.50
PT3- $366.55
Roku: Trend Change LookoutRoku has touched the crucial $340 support zone and seeing a trend change to upside with an inverse hammer followed by a green candle. Selling pressure is slowing down as well. In technical short term, potential upside from $340 to $370/380. Also Roku has just rebounded above swap at $345.58. With a good momentum, could see a nice push upside rebound with RSI rebounded above 30.
Roku DailyMy last Roku analysis had a slight bounce (but yielded nearly 1k% w/ weeklies) but had no follow through and eventually died... given that tomorrow is monday (high chance of a pump) Roku is worth watching, especially w/ a massive falling wedge w/ RSI being oversold (level not seen since May) and it is sitting on a volume node. Gluck!
Roku Long Term Wave theoryA look at the macro level of ROKU and where it could be going in the Intermediate term
Roku - wave theory - next impulse to 390Roku - wave theory - next impulse to 390 - Looks to be bottoming and I think the next impulse will take ROKU to 390. Could be this week
ROKU GO LONG
Price after forming double top formation retrace back 32% form green candel near trendline!
For entry and targets mention in chart
Long $Roku ($QQQ $SPY)Holding near Major Upward trendline
Holding near 100 SMA
First Target 376$
Stop loss : 338$
Watching for the ascending triangle on ROKU Weekly candles have formed an Ascending Triangle on ROKU, breakout price target of $800 Possible for ROKU!
Looking for a bounce off this support level at 350!
$ROKU close to 50 MA on weeklySeems like it is holding up so far. If this level breaks can see 327, 300, 290
ROKU ReversalBounced off of long term trendline support. Backtested short term downtrend. RSI curling upwards.
Strong fundementals and a headfake downgrade by the experts. All positives.
Some upside but will stay in correctionWe are going to go back above $400 and then drop again. If i see market green, might go long for next few days. But careful as Wave B is choppy and can retrace anywhere between 38% to 61%.
Roku looks resdy to moveFalling wedge.
Rsi oversold.
Looks to have bounced at 200 ma.
Another possible swing set up.
This is a good long term company as well.
325 can be a good entry for long term and a safer entry but now may also present itself as a good possibility.
Pt 1: 380
Pt 2: 400
Quick analysis on ROKU. My very first StreamGreetings All,
This is my first (and likely last) video analyzing a stock. I simply wanted to test the efficacy and efficiency of video streams.
BLUF: ROKU is bullish toward a $400 retest, but bearish overall.
Happy Trading!
