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Roku, Inc.

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ROKU trade ideas

$30 Correction PossibleA lot of popularity around ROKU, the stock has been on a bull run for quite some time. Having an RSI over 70 for such a long period of time, and sell signals are popping up like crazy. The last 45min segment of todays trading period can be the start of a correction. A downward bear crawl to $246 in a very short period of time. A $30 correction has happened in the past and can happen again. With growing bearish divergence and weakening buying strength, we can expect a correction to happen soon. Comment your thoughts below if you are a ROKU bull or bear and what your prediction is. Would love to hear from all of you!
NASDAQ:ROKUShort
by Myantman101
8
Short Of The YearRoku is positioned to be my short of the year. With the Bollinger bands giving a double sell signal, Divergence+ giving a triple sell signal, and a RSI that has sat above 70 for a record amount of time this month. We are positioned for a very strong sell off. Roku is simply overbought and the bears are getting stronger and about to have full control of this stock. The red shadow above the recent candles shows divergence. The best indicator to look at is the MACD at the bottom of my chart. Paths have crossed at the top and will fall as the bullish volume bars are declining rapidly. If you look at the difference in price indicator, ( a script I created ) you can see that the price change per candle on the 45min has become less volatile. Expect to see some spikes like on the 9th except these spikes will be downward price movement. My strategy is to buy ROKU within the first 30min of the open. It could jump in price with Monday Morning Market euphoria, and begin to trickle down from there. I have a target price of $247 and I believe that can be reached before the end of the month. I plan on purchasing 25 contracts with a strike price of $250 expiring 11/27. Looking to make my biggest options return of the year. Apple still holds my record for this year at a $6k profit but I see potential to make $10k+ with Roku. Follow to watch the big win, or loss. Comment your thoughts below!
NASDAQ:ROKUShort
by Myantman101
27
$ROKU Watch out for $300, 📺📺Fibonacci has been right so far. Potential Fibonacci targets for Roku - So far the stock has respected the levels very well and we have nailed the calls despite the trolls. The stock has huge momentum behind it and attracting lots of attention, ! thing to be weary off is the divergence on RSI but that may get worked off with few high volume days. Alert set for $258. with $270 short term target. Very possible this stock has a $300 label in the medium term.
NASDAQ:ROKULong
by Bullishcharts
1