ROKU bull pennant?Watching ROKU here for a breakout of this bull pennant if it fails i see a bounce at $229.32 back to $255. Under 225$ price is going to support at 218$
my plan: SWING 255C exp. 11/27 1.42 - 1.56 scale in at open or if its up pre market enter light on a dip ($229.32, .618 fib), mental stop loss or avg down at $225.80 (.786 fib)
ROKU trade ideas
ROKU LongBull Flag breakout + revisit trend line
Entry 216
Stop 195
Possible Target:
FIB Ext. 1.6 = 265
ABC pattern: 280
FIB Ext. 2.4 = 300
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
ROKU update Bull Pennant?Roku tapped my first take profit at $256.13 next stop is $277.91, with elections over and some certainty in the markets we could see a nice bull run. If it breaks out of this channel (white lines) and holds above we could see $277. Bull pennant forming and I'm seeing a break out and retest to that top resistance line and take off. Support at 218
BREAKOUT CUP AND HIGH VOLUM BUY DAILY ROKU ABOUT 256$The video-streaming platform company reported revenue of $451.7 million, well above the highest analyst estimate of $385 million, according to Bloomberg data. Roku also reported earnings per share of 9 cents. Wall Street had been looking for a loss of about 42 cents per share, according to data compiled by Bloomberg.
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