Myantman101

Short Of The Year

Short
NASDAQ:ROKU   ROKU INC
Roku 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!
Trade active: Purchased 15 contracts for a strike price of $250

$3.60 a contract
Comment: I just want to thank everyone for all the comments! Love the support.

Comments

Wow, betting against the market trend... Keeping fingers crossed 👍
+3 Reply
Myantman101 stockholder11
@stockholder11, Thank You! Numbers don't lie. Check out my BABA publication, same bold prediction. Truth is, the indicators do the work.
+1 Reply
Angelik30 Myantman101
@Myantman101, BTW - BABA was a Superb Publication
Reply
Myantman101 Angelik30
@Angelik30, Thank You! Hoping this one turns out the same, check out my latest update on ROKU
Reply
Angelik30 Myantman101
@Myantman101, I would like to see it...
Reply
Myantman101 stockholder11
@stockholder11 Also will be watching to see if it breaks through support.
Reply
I've lost my shirt trying to short this thing on numerous occasions. Would love to see it crack, but have a feeling these indicators will stay extreme until the price becomes too silly to sustain.

Good luck and hope you catch it.
+1 Reply
Myantman101 Perma_Pig
@Perma_Pig Thank you! These indicators I use are so accurate I have to pay a subscription just for the single script that gives the arrows.
Reply
Perma_Pig Myantman101
@Myantman101, funny, i made up roku-based indicator to predict selling days. wouldnt charge anyone for it lol
Reply
Myantman101 Perma_Pig
@Perma_Pig, They charge because of it's accuracy
Reply
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