It was a difficult year for Roku whose stock lost more than 90% of its value amid worsening macroeconomic headwinds, such as rising interest rates, and soaring inflation.
Roku shares have become extremely attractive after the massive selloff this year, given its impressive active account growth, and improving monetization of existing and new users.
A short-term...
ROKU potential short play
Nasdaq listed stock Roku shares dipped 1.8% in pre-market after Truist downgraded the company to a hold from a buy rating, saying that the streaming stock is hypersensitive to a tough macro environment given that a large chunk of revenues are tied to advertising.
Do people even use ROKU, we think it the offering is pretty lacklustre to...
ROKU double topped on November 14 and December 2 and then dropped in a downtrend
until 12/28 and reversed. The mid Fib levels of the retracement a drawn onto the chart
are being approached.
I look for ROKU to bounce down off the Fib Level at 52. 2 and drop to approach the SMA 200 ( Red Line)
after first crossing under the SMA 100 ( Blue Line ) and then...
From a purely technical standpoint, I am short-term bullish and medium-term bearish on Netflix.
Will look into opening a short position or long put(s) at retest of $390 -$405 psych level.
Please allow 3-5 months for this idea to play out.
Clearing $415 will invalidate this idea.
Not financial advice, just for fun!
I recently started looking at Fibonacci arcs and circles. I see them as something similar to support and resistance lines. Charts have an uncanny way of touching support and resistance lines. I've drawn arrows where the chart touched or came very close to touching the two circles I drew.
I noticed that ROKU is very close to reaching an inflection point where the...
NFLX has been in an uptrend and quite bullish and relatively strong
on the 2H chart an ascending wedge pattern is seen.
Moving Averages confirm the present trend as bullish with no crossovers
and the price above all of them.
Given the ascending wedge I will take a small position now at the trendline
resistance as a swing short. I will add to it if/when price ...
Buy Roku low and sell it high.
Roku is presently sitting at the near bottom of the recent volume profile
and above the POC line for support. On the 15-minute chart, levels are
marked out for a stop loss and a three-tiered take profit. This will be about
a 15% upside depending on the proportions of the take-profits.
ROKU is a good example of a high-risk sell short. The HFT gap was reversed the same day. You are looking at a Dark Pool BUY ZONE. Accumulation/Distribution confirms a shift of sentiment even as this stock turns down at a bottoming resistance level which is NORMAL and expected.
The company reports earnings for the holiday season in mid February. This makes for a...
If you haven`t shorted the Double Top Bearish Chart Pattern:
or the Q2 earnings:
then you should know that looking at the ROKU Inc options chain, i would buy the $50 strike price Puts with
2022-11-4 expiration date for about
$3.35 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read...
Big troubles for Roku inc. For the past 14 months, the tech company is in a downtrend which caused a loss of almost 90 % of its stock price. The trend seems to be irreversible after the price broke the $ 62 support level on Monday.
The next major support level is located around $25.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference...
Roku - 30D expiry - We look to Sell at 73.58 (stop at 78.11)
The 1 day moving average should provide resistance at 73.00.
The previous swing high is located at 75.00. 74.97 has been pivotal.
Preferred trade is to sell into rallies.
Daily signals are bearish.
We look for a temporary move higher.
Our profit targets will be 63.33 and 60.33
Resistance: 60.00...
Although the recent announcement that Cathie Wood's Ark Innovation has made a big purchase of Roku and the upgrade rating to Hold, in a short term it is more likely the downtrend to continue.
The price is heading for a re-test of the $ 59 support level.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of...
NASDAQ:ROKU
As seen on the daily chart, ROKU is in a brief uptrend within a descending triangle. Oscillating indicators show the MACD with
the K and D lines crossing underneath the histogram and the RSI candles big and bullish with rising strength towards crossing through
the Ichimoku cloud. I see this as price action consolidating towards a breakout with...
There is a wolfe wave setup on the 78 min time frame (ah=on) . The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx 75 which is expected to reach this price target before Sept 16. Projected targets are...
Roku
Short Term - We look to Sell at 77.50 (stop at 91.34)
Our outlook is bearish. Broken out of the wedge to the downside. There is scope for mild buying at the open but gains should be limited. Reverse trend line resistance comes in at 77.50. Preferred trade is to sell into rallies.
Our profit targets will be 41.57 and 30.00
Resistance: 80.00 / 110.00 /...
