ROKU LongDecent long bet if you think the market won't crap in the near future.
Seems to always regain the white trend line. Works until it doesn't.
Overall market is jumpy, but if you're bull this is the best looking growth tech set up imo.
ROKU trade ideas
ROKU Long Medium TermROKU very much an inplay stock after a
5% day yesterday. Is there going to be follow
up today or will buyers take a breather.
If the former then look for shallow retracement and move higher.
If the latter anticipate a failed bid for the highs
and expect price to trade lower within a tight range
See hypos of how today's session could play out
6/15 ROKUROKU back to the support (pink line) again with a good green candle
shall be good opportunities to enter
ROKU 07-04-2021 LongAsset and Time frame -ROKU,Daily,4H
Entry Price -357
Exit(Stop Loss) -331.38
Exit(Take Profit) -441.13
Technical Analysis -Price broke the trend line with good volume and a retest,also price is sitting on the daily 100MA(If it will close above that will be exellent)and yesterday was a good day for square in terms of candle pattern and volume
ROKU in rip modeGreat momentum today confirming channel break out. 370, 388 are next levels. 350 should act as support now
$ROKU - Who else wants to catch this?ROKU could definitely take off if this breakout sticks.
Fib level (retracement and extension)
Nice bounce of 50 MA
Hop in at your own risk!
Not financial advice
Roku Could Be TurningRoku has been one of the top performing growth stocks since going public in late 2017. Now, after a healthy pullback, it may be ready to move again.
The main pattern on today’s chart is the 50-day simple moving average (SMA). This line was resistance in April and late May. But now ROKU is attempting to break it. Notice how the 50-day SMA is now rising (illustrated by our Moving Average Speed custom script).
ROKU also tested its 200-day SMA last month and quickly bounced after earnings beat estimates. Short-term momentum was still bearish at the time, but now it’s potentially positive because the 8-day exponential moving average (EMA) has risen above the 21-day EMA. MACD is giving a similar signal.
Another interesting feature is the descending trendline that was resistance between February and late April. Prices broke above it in 2-1/2 weeks ago and now it’s become support.
Finally, the weekly chart shows a bullish inside candle forming. That can be a sign of price tightening and preparing for a change of direction.
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ROKU to 380 by mid July.. BOOLISHPerfect bounce off 50% fib level after ABC correction
Breakout of falling wedge and retest of trend line and 38.2% fib level PERFECTLY
MACD bullish divergence
Super boolish. Waiting until over 350 to enter into calls will be safer play.
Roku stock get a new support level LONGRoku stock find a new support level after a long time period in my opinion its a Long term trade
$ROKU Trade Idea$ROKU Trade Idea
Entry: 345
Strike: 6/18 350c
Targets: 351, 356, 363
Support: 336, 328, 317, 308
@TradingView
@KyleTrades86
Long | ROKUNASDAQ:ROKU
Possible Scenario: LONG
Evidence: Price Action
TP1: 334$
TP2: 344$
Call options, Strike 350$, 06/11/21
Call options, Strike 330$, 06/11/21
Call options, Strike 332.5$, 06/11/21
Call options, Strike 325$, 06/11/21
*This is my idea and could be wrong 100%
ROKU on watchROKU has recently broke the downward trendline. Price is now retesting the break point and should find support in and above the green box. Price is also pulling back to the 9/21 ema cloud which may provide additional support. Targets would be the dotted black lines. Trade is dead below green box.
More downside to roku ?Roku chart looks awful, I do see a gap fill at 320 area with work from home coming to and end and folks heading back to work let see how Roku stock price will be for the next couple of months. Right now it's hard to decide if the market makers are finished with selling their position on this one.
For now i'm bearish on this stock, anyways you gotta be quick with these type of stonks.
I am not a financial advisor. Do not take as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions! My ideas are for entertainment only!
1 Week Prediction Based on my technical analysis, I see ROKU hitting a minimum of $340 a share by the 11th. This price target could be reached much sooner.
MACD shows growing bullish divergence while D+ also supports the increase based on low RSI & Green shadow indicating bull strength.
Low RSI on the 1 hour chart shows that the stock is extremely under bought which signals investors to buy in.
The red Kurotoga cloud above the candles represents resistance, Rokus highest level of resistance is exactly $340 and I believe it will break out based on the factors stated above.
On top of that, the Guth 3x confirm signal at the top shows a solid green bar which represents a buy based on their algorithm.
As an experienced technical analyst I have noticed the Guth 3x confirm to be increasingly accurate on higher time frames such as the 1 hour.
Comment your thoughts on ROKU and follow to see this prediction be 100% accurate ( or inaccurate )
Roku update Guys roku made a really nice move. If you guys were following you got payed!! What a move i am still shorting roku. Lets see how it plays. Follow for more.
Failed breakout Roku Short itNever trusted this breakout anyways.. this was a pandemic darling, an ark star; alas the channel bottom can't wait to greet you
ROKU DOWNFALLRoku is creating a head and shoulders on the daily timeframe. We are rejecting off the 350 level. We have two bearish hammers confirming the fall for roku. I am anticipating Roku to fall to 300. I will be looking in shorting Roku. Watch it closely. Follow for more.
ROKU trading with in the channelNeeds to break the channel 355 and 360 needs to be confirmed. Cloud resistance as well. With volume coming in for growth, would be interesting to watch if this thing pushes through resistance this week especially given the short week
ROKU classic double bottom. I'm doubling down!Why It Happened
Roku’s first quarter earnings report was an absolute killer.
Usage was strong. Roku added 2.4 million accounts in the quarter, grew the number of accounts on the platform by 35% year-over-year, and got those folks to collectively watch 18.3 billion hours of content through Roku in the quarter (up 49% year-over-year).
Roku monetized that increased usage better than it ever has, thanks to rebounding ad spend, new ad targeting products, and big growth from The Roku Channel.
ARPU rose 32% year-over-year. Revenues surged 79%.
All of this growth happened at the same time that the company’s profitability profile improved.
Platform gross margins expanded 1,070 basis points. Player gross margins expanded 190 basis points. Total gross margins rose 1,290 basis points.
Meanwhile, big revenue growth is driving positive operating leverage. While revenues rose 79% in the quarter, opex dollars rose just 28%, leading to 1,750 basis points of positive opex leverage.
Adjusted EBITDA margins clocked in at a record-high 21.9%.
All of these favorable trends are expected to persist next quarter.
No wonder ROKU stock is surging.
Does It Matter
This blockbuster earnings report absolutely matters to ROKU stock.
Shares have been stuck in a downtrend for a few months, mostly driven by fear among investors that Roku would follow in Netflix‘s (NASDAQ:NFLX) footsteps and report a slowdown in user growth in early 2021 as consumers left their homes more.
But Roku reported no such slowdown. User growth remains as robust as ever. The only difference? Roku is monetizing those users better than ever through a series of new ad products and solutions.
Slowing growth concerns should be calmed over the next few weeks.
They will be replaced by optimism surrounding Roku’s continued usage dominance in the secular growth streaming TV market, as well as Roku’s ever-increasing ability to monetize its users.
ROKU stock has great potential from here.
