bitdoctor

ROKU - Dying but is an opportunity here?

Long
NASDAQ:ROKU   ROKU INC
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

Oh boy look at ROKU doesn't that look juicy. Disclosure I would wait for a lower price to kick in. I expect a decent reversal day in the coming trading sessions. Keep an eye out for that! Right now this is why I have a bullish outlook on ROKU:

  • Oscillators on many many timeframes are way oversold
  • This is a fairly new stock in a price discovery mode
  • We are about to fill a big gap from August

This is what I would not want to see. I would not want to see the price close under $100 on a 3 day timeframe otherwise I believe we're going to head back toward $75.

Upside target about $188 and that's long long term.

Trade safely out there.
<3 -CE-
Trade active: Trade still active but skeptical of price action up here.
The BitDoctor Team
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Comments

What time to $150+ recovery do you think?
Reply
bitdoctor Obi1andKobe
@Obi1andKobe, if it bounces it'll take a while. Likely a few weeks. I suggest not using options on this trade. Premiums are sky high right now and decay will kill you.
Reply
bitdoctor Obi1andKobe
This sure worked out
Reply
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