ROKU longROKU PT 500 coming .. I believe it has a huge breakout to the upside under way!
Above ATH buy 500 C .
Wouldn't be a bad idea even to buy ITm calls for 3 weeks out and see what dough that gets ya $$.
ROKU trade ideas
ROKU - Bearish $ROKU - Appears to be in the ABC corrective wave after it completed a 5 wave sequence back in Feb 21 to 486. Roku has completed AB of the corrective wave and is now in C wave down which would be a 5 wave down towards 326 and possibly lower towards bottom of Wave A (272).
Play the curve down on the weekly and use white lines as areas to trim out of your position. Will need longer dated puts (3 months minimum/I prefer 6 months - and at the money strike imo)
#Investing #Options #Stockstowatch $Roku
ROKU - Longs? Cup and HandleROKU is looking nice.
Cup and Handle formation (not yet confirmed)
Momentum / RSI Divergence
1st potential entry on 8th July Candle - (618 retrace)
Wait for a breakout of the descending channel with volume to go long
$ROKU Trading PlanAs long as 431.69 holds as support, I am targeting 449.08/462.99. For longs, I'd like to see a close above box on weekly. A breakout over 462.99 would validate the cup and handle. My next targets would be $478.08/$504.17/$538.96/$562.16. If unable to hold the box and support at 431.69, I am looking for an entry back into box and retests at $417.19. $405.15 is an important level to watch. If broken, bears should take control and drive price down to 382.40. Box is broken to downside if 365.05 cannot be held.
$roku top watch after amzn cup and handle at all cup and handle set up ready to explode of 434 target 450 than 500
$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.
