NASDAQ:ROKU has lost support at the yellow trendline and has approached a key green support zone. The price is currently trading above the buy zone, and I would look for an entry within the green zone preferably around the lows at $54.
NASDAQ:ROKU has lost support at the light blue trendline and has approached a key green support zone. The price is currently trading above the buy zone, and I would look for an entry within the green zone preferably around the lows at $54.
If you haven`t shorted the Double Top Bearish Chart Pattern: or the Q2 earnings: then you should know that looking at the ROKU Inc options chain, i would buy the $50 strike price Puts with 2022-11-4 expiration date for about $3.35 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read...
There is a wolfe wave setup on the 78 min time frame (ah=on) . The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx 75 which is expected to reach this price target before Sept 16. Projected targets are...
On June 15, Roku triggered a BUY entry using the wolfe wave daily setup. This wolfe wave setup has two major moving averages that are potential targets 21 day ma and 50 day ma. In addition, ROKU is squeezing on the daily time frame. So if the markets open Tuesday green, then ROKU has a shot of moving approx 11%. If the squeeze triggers long and the momentum...
Using the parabolic glitter indicator it can be seen a brief double top period has repeated (in red rectangle), price following this structure should follow also. Bars pattern placed is just a guess of how price will behave on this daily timeframe
Roku will not be returning to new ATHs anytime soon. If you are LTBH, stay far away. Traders can make some $ on the B-Wave bounce
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Confluence includes: Fib Extention and projection cluster zone Diagonal and horizontal support confluence Divergence building Price fell 70% from High While I feel there is a lot of competition in the field ROKU is playing in and longer-term they may have harder times, there is a potential that market bargain hunters jump in at these levels, the key will be...
In terms of selloff i mean. If you remember, Roku was a Netflix project in 2007. Roku TV founder Anthony Wood created Roku and started the streaming boxes without Netflix taking a risk. ROKU is embarking on its original content journey in a market with strong competitors. Waiting for the stock to come to the high volume buy area.
Declining volume at support within the falling channel. Looks good to run to $200+
ROKU can be seen to dip and peak out of this channel The dips seem to be more often Currently we are at the point of a dip Going long is wise, no leverage
NASDAQ:ROKU is currently looking very bullish. Long position placed with 6% take profit, as shown on the chart. Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️ Follow me if you would like to see more analysis like this
Weekly EW wave assumption is that wave 5 is still developing and assumes a 1.272 fib tgt of 600 in Jan 2022. I have ROKU 380C for next week and expect price to moveo to the 369.54 which is the mean value of the weekly bollinger band. Upper bollinger band tgt suggests 462.03 and Weekly Darvas channel tgt suggests 490.76
Shares of Roku dropped as much as 4.8% lower on Friday, hamstrung by a bearish note from Wells Fargo analyst Steven Cahall. The pessimistic call on the media-streaming technology stock counterbalanced an upgrade that drove Roku shares higher yesterday. Cahall downgraded Roku from overweight to equal weight, meaning that the analyst now believes that Roku shares...
I'm expecting bullish momentum this week. Pros: - Potential bounce off the 200MA - Great ER - Bullish Divergence forming on the hourly chart Cons: - Potential "Double Top" pattern - Strong Bearish Weekly and Monthly candles - Handle is extending more than 50% of the cup. This may break your rule regarding this pattern. A bullish bounce, if strong enough,...