DevinBoyle55
Long

$ROKU Bullish Hammer - Unusual Call Activity

NASDAQ:ROKU   ROKU INC
$ROKU has held within a tight bullish channel since last earnings release in August. We tagged the lower trend line earlier today and have formed into a bullish hammer candlestick . Expecting a bounce in the near term - targeting $84 by mid to late October.

Adding to the bullish sentiment, we saw 12k+ $60 strike (deep ITM ) Jan'19 calls traded today for about $20M in premium, a high delta bullish bet with another earnings release due out next month.


Note: Informational analysis, not investment advice.
OR maybe filing the gap down to $48.50.....?why? lots think it is going higher and most of the shorts puked on the squeeze up to $77.
+1 Reply
@Ben998, I don't see it going any lower than $59 at the very worst...but who knows anything can happen
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Ben998 DevinBoyle55
@DevinBoyle55, 60.48 is the 50% back from the July 31 low...that is my target.
+1 Reply
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