Using the parabolic glitter indicator it can be seen a brief double top period has repeated (in red rectangle), price following this structure should follow also.
Bars pattern placed is just a guess of how price will behave on this daily timeframe
I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
Now, after the earnings, i see a retracement to the May 2019 level.
Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected
For 2022 Roku sees...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
we zoom in on the broadening bottom on the 2 hour chart.
Originally a bullish reversal formation which arises from a downward trend in which the bulls and bears become indecisive and the price swings sideways.
In 58% of the cases there is a bullish exit but always take a downward breakout into account.
I also include a possible bear flag in the downward price...
The American company Roku Inc. is a brand of hardware digital media players
and provide access to streaming media content from various online services. The first Roku model, co-developed with Netflix, was introduced in May 2008.
In the big picture an uptrend.
Where we find double tops at the top that form a bearish reversal M formation and have now played out....
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
Shares of Roku dropped as much as 4.8% lower on Friday, hamstrung by a bearish note from Wells Fargo analyst Steven Cahall.
The pessimistic call on the media-streaming technology stock counterbalanced an upgrade that drove Roku shares higher yesterday.
Cahall downgraded Roku from overweight to equal weight, meaning that the analyst now believes that Roku shares...
ROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our...
