ROKU, Can makes us a millionaire ! We certainly follow !
ROKU, Following the trend of the stock can makes us a millionaire! You doubt? Follow the analysis.
Roku is certainly one of the best stocks in the market. General trend of the stock is still up. We have the prediction of ROKU in weekly and daily time frames on the left and right side of the chart respectively.
Weekly chart:
We never know whats going on the market or a stock without looking at monthly or weekly time frames. Looking at weekly chart of ROKU reveals that the stock is currently completing it's wave 5 of (3) which may ends at 500, 523 or even 555 USD. After that, a considerable decline (Wave (4)) is expected down to 272, 214 or even 131 corresponding to 50% , 61.8 % or 78.6 % Fibo Retracements respectively.
Is decline going to continue further? Of course not. Another and final up going wave (5) will start at proposed support prices which makes a new All Time High (ATH) up to around 600 USD ! Here the Big Short is to come ! :
Great Short Opportunity my friends : Completion of mentioned wave (5) will complete a large cycle Elliott wave which has around 4 years duration. The correction which will start at least takes 18 months and push down the price to 272 , 214 or even 131 USD ! corresponding to 0.5 , 0.618 and 0.786 Retracements respectively.
Daily chart :
We have a closer look at ROKU in daily time frame. As mentioned above, Stock is currently making it's wave 5 of (3). Wave 5 has it's own subdivisions. There are still two up going ( which we are currently in the first) waves and one correction in between to complete the whole wave 5. The up going wave which we are currently in will terminate around 480. A correction down to 400-423 is expected and final up going wave up to 500, 523 and 555 will trigger the correction of above mentioned wave (4).
Are we going to become a millionaire ? Why not? It is absolutely possible.
Roku is certainly one of the best stocks in the market. General trend of the stock is still up. We have the prediction of ROKU in weekly and daily time frames on the left and right side of the chart respectively.
Weekly chart:
We never know whats going on the market or a stock without looking at monthly or weekly time frames. Looking at weekly chart of ROKU reveals that the stock is currently completing it's wave 5 of (3) which may ends at 500, 523 or even 555 USD. After that, a considerable decline (Wave (4)) is expected down to 272, 214 or even 131 corresponding to 50% , 61.8 % or 78.6 % Fibo Retracements respectively.
Is decline going to continue further? Of course not. Another and final up going wave (5) will start at proposed support prices which makes a new All Time High (ATH) up to around 600 USD ! Here the Big Short is to come ! :
Great Short Opportunity my friends : Completion of mentioned wave (5) will complete a large cycle Elliott wave which has around 4 years duration. The correction which will start at least takes 18 months and push down the price to 272 , 214 or even 131 USD ! corresponding to 0.5 , 0.618 and 0.786 Retracements respectively.
Daily chart :
We have a closer look at ROKU in daily time frame. As mentioned above, Stock is currently making it's wave 5 of (3). Wave 5 has it's own subdivisions. There are still two up going ( which we are currently in the first) waves and one correction in between to complete the whole wave 5. The up going wave which we are currently in will terminate around 480. A correction down to 400-423 is expected and final up going wave up to 500, 523 and 555 will trigger the correction of above mentioned wave (4).
Are we going to become a millionaire ? Why not? It is absolutely possible.
Comment:
Proposed Resistance proved itself as strong one !
Comment:
How powerful and and beautiful is the combination of Elliot waves and Fibonacci !. We armed with these weapons and rarely ( if not never ) shocked by the market !
Comment:
Roku is reaching to a strong support zone around 360 USD. Do we have a bullish reaction? lets follow.
Comment:
Lower than expectations earning seems that ruined the stock. How far it goes down if 0.786 retracement can not support the price?
Comment:
Stochastic indicator is in oversold zone in daily time frame. We had reaction to the support. It it start of a move up? We we get our answer next day!
Comment:
We got the answer. Bullish reaction to the support !
Comment:
Roku lost the support ! Stopped out newly opened position. A counter trend correction may come soon.