ROKU trade ideas
$ROKU Forming a Cup with Handle?Looks like $ROKU is pulling back into a classic Cup with Handle (CHW) Formation. To be a true CWH it must pullback or sideways without advancing for a minimum of 5 days. Today is day 4. The significance of the handle is that it "shakes out" weak hands so those left are mostly buyers which will allow the stock to advance again. I have this on my watch list and I'll be looking for this pullback to continue. Once it starts moving up from the short term down trend I'll look for a logical entry to go long. All TBD. Ideas, not investing / trading advice.
ROKU (update every week)Go to the support, is necessary a bounce there, if not, the will drop below $300, so be careful! ⚠️
ROKU easy short. HEAD AND SHOULDERVolume might have proved it, ROKU might find itself in the ending phase of a head and shoulders.
Price target is 390
Roku setup for gap fill at 455Interesting risk and reward for both long puts and calls. Roku closed slightly under the 6 day ma. A break below the 8 day ma opens the door down to the 21 day ma which is approx. 10% drop; however, if ROKU closes above the 6 day ma then there is a gap at 454 which is approx. 10% move higher. Although there is no squeeze setup on the 78 min time frame, there is a setup on the 39 min with yellow D breakout levels. We have monthlies for this particular setup and remain extremely bullish. Losing for ROKU to take out 52 wk. high and run toward the 500 psych tgt.
$roku on high watch for next behemoth break out similar cup and handle as seen on amzn all time high possible hug move to upside targeting 475 and break
$ROKU Falling Wedge Into Support$ROKU Falling wedge tagging the 9d ema line today - high probability of a near term bounce from here.
A close below that line this week could mean a retrace to $400 coming.
Near term price target: $480-$500 range by mid-July
If I was looking for an options play with the best return imo, I'd be looking at the 7/16 $460 calls currently going for about $5.40 or $540.
Note: This is NOT investment advice. Educational only.
ROKUIf tech pulls back tomorrow, ROKU puts can work under 433 for a move down into 420.
Trade Idea: 7/9 420p under 433. BID/ASK: 5.20/5.50
roku hOW ABOUT FAKE BREAK OUT AT $466.We can not be bulish forever on a bulshit companies right ? ROKU is absolutelly nothing with no assets and can and will be dumped
ROKU SHort Term Short?ROKU has made an impressive rise from about 350 in a very short space of time.
Could the medium term bulls be taking their foot off the pedal allowing short term shorts to wrest control of the market?
ROKU is a strong company and any short term drops will give long term players to load up on cheap stock.
If you are entertaining any shorts in this market then do so at the risk of getting runover.
For the day trader playing the long and short sides of the market presents great opportunities.
A second day of lower prices is a possibility given the 5% down move from yesterdays trading.
$ROKU$ROKU – Appears to be a giant bull flag forming… 200 day EMA could have some strength. If the trendline doesn’t break I’m watching for the bottom side of the 0.618 fib level.
NASDAQ:ROKU
ROKU**News came out today about Apple buying Roku remote button for Apple TV+ app.
Call sweepers were active.. 95% bullish call flow. 2 Dark Pool Prints $100M+
Today was a great example of waiting for the right catalyst aligned with a key level break.
448 was the entry. ROKU can make a run towards 486 by Friday this week if it can hold above.
Trade Idea: 475C 7/2 BID/ASK: 3.90/3.95.
SWING IDEA #9: ROKU Looks like ROKU broke the $466 resistance level as I expected. I can see it run to the $485 level but a pull back is definitley due, RSI indicates it is way overbought.
This is not financial advice just my opinion.
ROKU relentless again todayQuite a move again today after taking a breather for the past couple days. Close above that redline 450 would be meaning full and help move it towards ATH
ROKU Quite a run after channel break outAmazing run after breaking out of channel and pull back to channel too then run. Now heading towards 447-450 resistance zone. Quite a trade for us hope you followed and made some $$$.
ROKU Uptrend06/27/2021
ROKU Uptrend
50 SMA crossing above 100 SMA on 4 HR TF
Supply Zone: $472.28-484.87
ROKU - best high growth stock with VCP breakoutROKU's 2021 Q1 sales growth was 79%, where platform sales grew 100%. 2021/6/17 MACD crossed up 0 and finished a near 4 month VCP. Then the stock broke up 3C $355 with increased volume reaching pivot price $426. The stock is a buy under both fundamental and technical analysis. If it pull back to 20 wma will be last chance to enter.
Gap fill @ $440I don't get the pumping in Roku, have no idea what makes Roku special, but hey people are making money. Good on them. We're close to a fairly stout resistance level, my take is this retreats near the $440 level.
