Open short idea RUKU.
From 413$ to 380$ (+8% gain).
Reasons - new TV sets and sticks will decrease quartal to quartal due to previous highs jumps in sales in covid lock-downs period. Now who wanted to buy TV or stick mostly done this, and future sales will decrease in post-covid reality.
Also there is few ideas to short, TESLA, NIO see below.
UPDD: NIO has...
$ROKU finally broke through two year supply after basing over the downward trendline. The inverse head and shoulders pattern is visible and a measured move of the break of neckline suggests 210-220 as target range. Can add around 163 with demand box support and an easy stop level. If price trends below green upper trendline, then we are susceptible to remaining...
Hello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
Back on August & nearly 100% ago I posted my $ROKU thoughts on Trading View:
I wanted to make this post a bit of a continuation as this is a trade I continue to stick with for the long term.
$ROKU is beginning to hit my first long term target of $300 - much quicker...
ROKU has moved unexpectedly and currently it's at price of the next 5 year business PE booking. So so overvalued.
My first target is 300
With SL of 378
