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ROKU trade ideas

ROKU, Can makes us a millionaire ! We certainly follow !ROKU, Following the trend of the stock can makes us a millionaire! You doubt? Follow the analysis. Roku is certainly one of the best stocks in the market. General trend of the stock is still up. We have the prediction of ROKU in weekly and daily time frames on the left and right side of the chart respectively. Weekly chart: We never know whats going on the market or a stock without looking at monthly or weekly time frames. Looking at weekly chart of ROKU reveals that the stock is currently completing it's wave 5 of (3) which may ends at 500, 523 or even 555 USD. After that, a considerable decline (Wave (4)) is expected down to 272, 214 or even 131 corresponding to 50% , 61.8 % or 78.6 % Fibo Retracements respectively. Is decline going to continue further? Of course not. Another and final up going wave (5) will start at proposed support prices which makes a new All Time High (ATH) up to around 600 USD ! Here the Big Short is to come ! : Great Short Opportunity my friends : Completion of mentioned wave (5) will complete a large cycle Elliott wave which has around 4 years duration. The correction which will start at least takes 18 months and push down the price to 272 , 214 or even 131 USD ! corresponding to 0.5 , 0.618 and 0.786 Retracements respectively. Daily chart : We have a closer look at ROKU in daily time frame. As mentioned above, Stock is currently making it's wave 5 of (3). Wave 5 has it's own subdivisions. There are still two up going ( which we are currently in the first) waves and one correction in between to complete the whole wave 5. The up going wave which we are currently in will terminate around 480. A correction down to 400-423 is expected and final up going wave up to 500, 523 and 555 will trigger the correction of above mentioned wave (4). Are we going to become a millionaire ? Why not? It is absolutely possible.
NASDAQ:ROKU
by SaeedSajedi
16
Bull Flag Throwback Earnings 8-4 AMCSpinning top, a candle of indecision today so far. Earnings 8-4. I do not see a miss since 2017. Beating earnings does not always mean price goes up, as well all know. The reaction to the news is often more important than the news itself. Bull flags consist of a quick run up which forms the pole and goes with the overall trend, and a small channel down that goes against the overall trend. Bull Flags can break either way and throwbacks are common. Flags are consolidation and often continuation patterns. A flag should not go on and on and should be no longer than 3 weeks in formation. You may see decreased volume during formation but increased volume with a breakout. Throwbacks hurt performance. An uptrend is needed to confirm the break out. No recommendation
NASDAQ:ROKU
by lauralea
3
ROKU a strategy for what they want to be without stressROKU a strategy for what they want to be without stress. simple now let's see the following in roku. Continuation bullish price with different strike price if you trade with options, buy the 475.00 and sell the 472.50 or 470 it can be at the market if your broker allows you to buy with the market closed since at the limit the brokers tend to manipulate the entries if the market opens higher this they buy the bearish price and vice versa. The explanation is the following with this two price in price 475 the stock gives the bullish continuation and with the 472.50 or 470.00 the downtrend begins. if it opens up with gap retest and if down with gap bearish gap and go
NASDAQ:ROKU
by RobertoTraderWithoutStress
ROKU - Cup & Handle PatternI am pissed... I was watching ROKU for 2 months, was lulled to sleep and stopped watching it. I made 5 mistakes: 1. Lost interest in the trade and got impatient; 2. Failed to play the "descending triangle" breakout; 3. Failed to play the handle down; 4. Failed to size into calls on the breakout that happened today; and 5.I forgot that ER was next week. Honestly, I wasn't expecting ROKU to move like it did today. Maybe next Thursday or Friday. Either way, lesson learned. Remember, "paytience."
NASDAQ:ROKULong
by PerCent_Investments
ROKU's near term targetROKU formed an inverted H&S before breaking up the neckline @ 390 on 22 June. It then continued to 463 (A) before started to correct over the next 2.5 weeks back to the neckline @ 390 (B). As soon as it tested the neckline on 19 July (now resistence turned support), it began a steady rebound. The inverted H&S target is at 507, incidentally this is also the 1.618 fibonacci extension of the AB swing upwards. It would be interesting to see if this target can be reached before it announces earnings on 4th Aug! Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to drop your comments :)
NASDAQ:ROKULong
by Juliac
ROKU Potential Bull Flag PatternThe renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong. The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag pattern. We're looking for the breaking out of this flag after a strong bounce from the 100 Fibonacci retracement level, So prices could target $433.70 - $460.30 levels before hitting the bullish pattern's target - if confirmed - at $530.
NASDAQ:ROKULong
by AlyaAkram
Roku very bullish cup and handle!Hi Traders! It looks like our favourite streaming company $ROKU is forming a cup and handle pattern. Price has formed a handle by the means of a small downward movement. If price breaks the upper trend line of the handle, the cup and handle pattern is confirmed. On top of that other technicals tell us: - Price is supported by 50MA support. - Ichimoku, the cloud of the current downward trend is very thin which indicates that the current small downward movement is very weak. Also, the price is fairly distanced above the cloud which is bullish. - RSI is 47, this level has worked as support in the past lets see if this happens again! - ADX on the hourly shows us that the short term downward trend is already weakening. Also don´t forget that the chance of fundamentals bringing bullish momentum and sentiment on the stock is also very high with upcoming Q2 Earnings report. Both investors and analysist expect company growth! And with the delta covid variant concerning investors again, ROKU is a safe-haven for investors, as ROKU profited from the previous lockdowns. Our trade plan: Wait for price to break the upper trend line of the handle and enter at 418USD, and hold for at least 2 months first price target at 480USD an TP2 at 525USD. Stop loss at 398 just below the psychological level of 400USD and below the upper trend line, this would make this thesis invalid. Disclaimer: This is not financial advice and for education all purposes only.
NASDAQ:ROKULong
by vf_investment
2