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ROKU trade ideas

ROKU Inc. (ROKU)February 16 - March 29 2021: this is the duration of the violent decline suffered by ROKU. In this period the company lost nearly 40% with the price hitting a high $ 486 and a low of 293 just in late March. Roku has 43 million active users and is present not only in America but also in Canada, England, Mexico, and Brazil. Technically it is considered the best "streaming operating system". Last year it acquired Dataxu , a company specializing in marketing. Last but not least, ARK ETFs has invested $ 750 in Roku and considers it an asset to keep in their portfolio for the future. Technically, the 40% reversal was a blessing, after the 600% (no joke) growth the company had from March 2020 to March 2021. I entered the first positive candle after the break of the bearish trendline, on the day of April 6th, unfortunately, the candle was very extended, followed by another 3 days not very volatile. We hope for a more favorable second half of April, to keep an eye on the volumes, which so far have been good but not excellent. The targets of the analysts have varied, with a range that goes from 400 to 650 (!!!) dollars. The sentiment is definitely bullish , but as usual, we try to be as realistic as possible and base ourselves on the volumetric analysis. We are already on a volumetric resistance zone , beyond which we could have the following scenario: 1st target: in the area of ​​$ 425 2nd target: 475 3rd target: 500 Psychologically $ 500 will be a very important line to cross. Although obviously, I hope it will do so as soon as possible, I believe that the most ambitious target, where I will most likely close the position, will be in the $ 475 area. Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NASDAQ:ROKULong
by LazyBull5
ROKU, IS THIS A REVERSAL?Hello fellow traders and investors, here's another trade idea. Roku has recently pulled back and I haven't really found a strong support area, if ROKU makes a recovery to its previous high it offers around a 30% ROI. Technicals: The Macd indicates that it's oversold and still in an uptrend The RSI is relatively oversold The EMA's are in an uptrend When To Buy: ROKU has had an impulsive move which leads me to think that there's a corrective phase coming so I personally would be watching for a pullback and that would pose as a better buying opportunity. When To Sell: I recommend selling at its previous high Fundamentals: Roku, Inc. engages in the provision of a streaming platform for television. They have a P/S of 25, a debt/equity of 0.07, a sales Q/Q of 58%, a earnings per share growth of 499% Q/Q, a profit margin of -1%, and a short float of 2.86%. Rating: 95/100 the technicals look pretty good and so do the fundamentals except for their relatively rich valuation however with their tremendous growth they can explain why they have valued it at such levels. Their profitability is also not great but not too bad either so generally their doing quite well. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:ROKULong
by UnknownUnicorn11084119
7
6 Corrective Structures on ROKU. What can we learn?Today we bring a post about finding a similar situation to the current one in the past. Why is this useful? Because if we understand the resolution of a pattern that has already happened several times before, we can start using them to know what we want to wait for before trading. We are using a Logharitmic chart so we can see the same proportions of % bullish and bearish movements despite the nominal movement. What are the conclusions we have based on this? -We have 5 examples of situations where the price dropped between 25 - 40 days with durations between 28 - 60 days. - 3 of them provided bullish resolutions with great % gains after the breakout, 2 of them provided fake signals -If we create adequate filters, we can avoid at least one of the fake outs (like waiting for the breakout of the more external trendline of the correction and then looking for a small throwback on a lower timeframe) -The rawest scenario is one in which you trade all of these structures without waiting for confirmations. Using that idea, even if you had 2 stops, you could manage to take profits on the 3 scenarios with at least a 1:2 Risk Reward Ratio. Imagine developing setups with much more accuracy. We hope this type of information can help you develop your own study cases on this type of asset to project resolutions to what is happening right now. Thanks!
NASDAQ:ROKU
by ThinkingAntsOk
2
ROKU Short PutROKU is oversold and down 25% from the highs. While it is definitely overvalued both in its sector and tech in general, considering the growth prospect, it seems justified. It has found support on the 322 level. There is overhead resistance and the 61.8% fib line at $380. If it reverses there and continues to fall further, we have the 127% fib level at $277 followed support around $250 and lastly the 200 SMA at $242. Trade Idea: Short the 225 Put expiring 4/16 for at least $1.15 Credit. It has a very high 95% PoP but a relatively high BPE of $2250. In order for the Put to expire ITM, ROKU needs to tank 33% from the current level or over 52% from the ATH. This should not only allow you to buy into ROKU at a discount if you get assigned, but a 2 SD (95%) move is often accompanied by at least a small short term reversal as people buy the dip and average down. Regardless, this is a solid plan that offers you a 95% chance of keeping the $115 you collect in premium, and a 5% probability that you are assigned ROKU shares at a 50% discount from its highs.
NASDAQ:ROKU
by punitarani
1
ABC BullishStop loss below C. Former parabolic arc, recently that is. Pulled back a bit past the .618, depending on what level you start the arc. Life is a highway I guess..The market seems like it is on a super high speed highway. Like maybe faster than I can drive unless I had a TESLA of course. Just be careful of any redlights along the way (o: Not a recommendation It feels like someone is trying to squeeze every drop out of the lemon before it shrinks? I am just being careful. Getting in and getting out. I guess you have to go with it, but with extreme caution, observing the yield signs along the way.
NASDAQ:ROKU
by lauralea
1