In terms of selloff i mean.
If you remember, Roku was a Netflix project in 2007.
Roku TV founder Anthony Wood created Roku and started the streaming boxes without Netflix taking a risk.
ROKU is embarking on its original content journey in a market with strong competitors.
Waiting for the stock to come to the high volume buy area.
ROKU:
Weekly chart currently sitting on the 200ma .
At historical support -resistance zone.
Demark Sequential Buy 9 daily.
RSI a bit oversold on weekly. Bullish divergence on daily.
Are we bouncing here or do we keep going down?
Whatever is it, I like the good risk vs reward long entry here.
You might argue that we're going against the trend and you're...
On July 15th,2021 when was 404 I published my short analysis for ROKU! in less than 6 months, it went down almost 60% to 173.65..!
Now I think it could experience a nice 20-30% rebound..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a...
Volume Analysis for the ROKU 1 Hour Chart. Will have 15m analysis posted soon. There were tons of buyers rushing into ROKU on Friday afternoon. Ready to see how this plays out tomorrow
Roku down 60%. They have a huge market share of streaming and will continue to grow. Weekly RSI bottoming out. Tight stops for a flush but will bottom tick it. Not advise.
$ROKU 1D
Pretty nice chart showing more upside potential to come. As long as lows hold and market strength resumes, we can see Roku test the $270-316 region before any significant pullback.
ROKU hitting a big buy level for me here. Major TL support and major price zone tagged here. Targeting a run towards 199-200 which coincides w prior pivot level and Fibonacci retracement level. I am taking next weeks 195/205 call debit spreads for 2.25 debit, looking for 4.00 on half and then looking to add a 205/215 call credit spread to turn it into a lower risk...
After falling 64% from its highs over the last 5 months, Roku appears to be heading into solid support. We appear to be at the bottom of a Falling Wedge (bullish)... The tip of the wedge lands in a Supply Zone... We have bullish divergence on the daily chart... and we have multi-level Seller Exhaustion. On the down side, we still appear to have heavy resistance...
Short ROKU CMP $180.41. Price continue to fall for $ROKU. After my recent short target $205 area achieved, I think stock has more room to go down and is heading towards $160 area where it started it's major run. MACD turned negative and it's trading below all the major moving averages. Short target of $160 area in coming days. Various support and resistance are...
ROKU can be seen to dip and peak out of this channel
The dips seem to be more often
Currently we are at the point of a dip
Going long is wise, no leverage
