Rockys

ROKU - "FINALLY" bearish ?

Rockys Updated   
NASDAQ:ROKU   Roku, Inc.
ROKU broke below 9MA and 26MA (~$91) and we have a bearish cross on 1HR MACD + ADX has crossed bearish finally as well
Seems like a good opportunity to buy some puts on ROKU with a stoploss near $91 (If we close above the 26MA on the 1HR) - If not, we should be looking at larger timeframes
Still waiting for a stronger confirmation on the 4HR MACD to cross bearish + RSI / STOCH RSI to show a real reversal in the momentum
As of 5/28/19, it would be a strong confirmation of a reversal if ROKU closes below $90 (9MA on 4HR)
Keep an eye on STOCH RSI + RSI - We would want stoch rsi to make a movement similar to what is shown below, where momentum reaches oversold but gets rejected near the 50 and continues to fall -
Call: $86 puts for 5/31 (Adjust for 6/7 if charts take longer to form)
Comment:
Oh boy was I wrong. lol.

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