Myantman101

Last Effort

Short
NASDAQ:ROKU   ROKU INC
This chart speaks the loudest and is the most clear for predicting the future of Rokus movement. Look at the last 5 candles. The candles body for candle 5 4 and 3 get smaller and smaller as it moves up. Then we have a bear candle for candle number 2. This candle triggered a sell signal on the daily. Sell signals do not appear on the daily candle often. Now, if you look at the last candle, todays candle, it has a really small body and a large bear wick. Based on this low hanging bear wick and a bear candle before it, we can expect the next candle to be a bear candle. Possibly larger than the previous. So based on this chart alone, this is why I have made my decision to continue holding my position.
Comment: Roku has kicked my butt, my first big loss trading options. A great learning experience though.

Comments

Holding my DEc 4 $260 Puts like a Warrior. My prediction this baby starts selling off big time on Monday! (I pray so or I'll be f*cked) lol
+1 Reply
@riko33 Same here! Good luck!
Reply
riko33 Myantman101
@Myantman101, thanks bud!
Reply
I got a 240 put that expire in 2 weeks, I think next week is going to go down and if not ill keep waiting because it is way overbought at this point. The rsi is on 70. Hoping this will come down to 260 on friday. Fingers crossed lol
+1 Reply
@Blink12 $260 on Friday is very possible and would be nice. Good luck!
Reply
Unless the market tanks, I feel ROKU will hold the 260 level into next week at least. Need to see more activity at 270 level before we can either see a breakdown or a breakout.
Just my opinion based the above chart.
+1 Reply
We have 3 1/2 hours to find out - Let's hope it works...
+1 Reply
Myantman101 Angelik30
@Angelik30 I'll either sell with a profit or loss. Or if I'm way up in profits and see it going down further I will hold over weekend.
Reply
Angelik30 Myantman101
@Myantman101, My 250 puts will expire on Friday - But it's ok - You make some - You lose some
Reply
Myantman101 Angelik30
@Angelik30, Who says it wont hit 250 on Friday? Look at a full featured chart with daily candles with my difference in price indicator and you can see $20 price movement in a single day from high to low. $30 is possible.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out