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May 7, 2020 8:20 AM

$ROKU $175 on the Horizon  Long

Roku, Inc.NASDAQ

Description

Stay at home stock with a nice technical set up going into earnings .
Potential of a Massive bull flag break.
Indicators bullish.
Fibonacci resistance strong until $135 broken.
Earnings tonight could be decisive for the stocks longer term pattern
Short interest 12%
Company Profile
Roku, Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs. Its product categories include advertising, Roku TVs and Streaming Players. The company was founded by Anthony J. Wood in October 2002 and is headquartered in Los Gatos, CA.

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Middle BB and 200 AM held as support

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Comments
KetilJohan
Well done, im currently holding my shares from 60 $ and looking to sell at 250.
A1Bullish
You feel the stock has stalled!
Bullishcharts
@A1Bullish, Stalled but not dead yet ,
A1Bullish
@Bullishcharts I am still holding until Monday and hopefully it gets up to the $175 you mentioned or do you think it is kinda hard to break the $151, we shall see!
Thank you so much!
JumpinBull
Well, this lost me 2k Euro so far.
WhiteHuracan
@maxschuman7, You can't say "this" lost you 2k so far - you need to take responsibility for your trades. Charts submited by users are opinions, they aren't your hired brokers.
JumpinBull
@WhiteHuracan, for some reason the moderator is not posting my previous reply to you, dont know what was so offensive about it....in short, i dont agree with your statement on any level, these chaps make a living out of it just like other chart providers and as such should be more careful of what they post. however, im a big boy and take responsibility for my own trades, im not taking anybody to court am i ?! move on mate.
WhiteHuracan
@maxschuman7, Hey, I'm sorry your in the red 2k; it sucks, and it happens to everyone. But when you post "Well, this lost me 2k Euro so far." it just sounds like QQ and assigning blame. Maybe you weren't, but you wrote it, and we aren't phsychics; we take the message as it's written.
JumpinBull
@WhiteHuracan, thanks mate. Look no stress. I exited my position and made 1k back already on a short. Had my eye on a short play next week with AMD for a while. I honestly think Roku is still a play, just not now, my opinion based on how I trade. Nothing wrong in opinion with scrutinizing charts put up by pofesdional chart companies etc. Charts and ideas by average Joe's are a different story. In any case let's move on to making money rather, life is too short for arguments online with some person I will never meet in my life. If I may tho, maybe people should think twice before flying off the handle over random comments. all good.
😉
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