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Roku, Inc.

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ROKU trade ideas

Roku Long Earnings run upRoku is well below its highs due to the market sell off and with earnings coming up fundamentally there could be an expected run towards the highs in anticipation. It is also retesting a fib level that has held twice already and sell volume is lowering and not able to drive price below these levels. If there is confirmation tomorrow and we see a turn in the candles this could be a nice long set up for a quick scalp of the pre anticipatory run up into earnings. SL = 380 PT1= 420 PT2 = 440 PT3 = 460
NASDAQ:ROKULong
by NewtonsTrades
2
ROKU Short Opportunity! Thanks NFLXRoku is setting up for a 418 test with a possible sell off to 407 lvl tomorrow 1/20/21 . We can see a double test of the 426 support area with nice bounces each time. Another tell is the follow through of the bounce at the 426 area, todays bounce puttered out at 435 with no continuation. My plan: 1/22 420 put (3.4/3.65) on 426 lvl break (quicker momentum play) 1/29 405 put (5.45/5.55) *ideally I would like ROKU to rally at open 430-437 range before failing, I will look to begin entering puts then Indicators: - MACD cross over on 30 min chart. - Daily RSI overbought, MACD beginning to head down - approaching a LVN on volume profile, Daily POC in showing stronger price action at 411 area Sector Divergence: from 1/4 to 1/19 NFLX fell to a max of -10% (touching 485 area) , in that same time period 1/4 to 1/19 ROKU exploded 41%! It rode the back of price upgrades and sector hype but now we see that flowing into NFLX today! levels provided by EliteOptions
NASDAQ:ROKUShort
by DOpeTrades