Compression leads to expansion, on watch. Can break either way, but break should be interesting
Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for...
Roku now at 64.75 Good price to invest few Accumulate after crossing 72 Hold for 6 to 8 months for target of 135 FYI, am holding few at 73, today i again accumulated at 65 Less risk, more Reward Keep stop at your own comfort.
NASDAQ:ROKU has lost support at the light blue trendline and has approached a key green support zone. The price is currently trading above the buy zone, and I would look for an entry within the green zone preferably around the lows at $54.
Should find support right around here. If not, I'll probably average down but I'll update this idea if/when that happens. Would consider selling some shares (maybe half of my position) around the 200-mo. EMA, which is also currently close to the top of the channel. Plan on buying those shares back near the bottom of the channel but want to keep some shares...
NASDAQ:ROKU has lost support at the yellow trendline and has approached a key green support zone. The price is currently trading above the buy zone, and I would look for an entry within the green zone preferably around the lows at $54.
Roku long 2026 Huge upside Higher low Uptrend continuation Demand Gap price
Where was I? Oh, I know, on the bullish train... This stock always acted, as I expected. The same happening again.
Roku has been slogging sideways for some time now. The problem is the bottom of the sphere and the base line beneath it are too close to one another. Price action can’t tell the difference between the two. Hence the whipsawing up and down in that tiny narrow range of 64-65. The good news is the bottom of the sphere is finally beginning to curve away from the...
ROKU when comes back? -Inside bar candels. -Key level support -Demand zone.
I like NASDAQ:ROKU here, I just don't trust that the recovery is done. I think it still wants to test $60 and $59 for a quickly recovery and then goes. I'd favor long dated calls at about $70 with a put hedge in the shorter term around $60, perhaps even call spread 75-70 for April and 60 puts for March 28.
Notes on entries annotated in the video. I've been holding ROKU for a week now and if I have to add some later, I will do so. WHEN this cracks, I WILL be there to pick up the pieces.
ROKU is a trade I may have to hold for a couple weeks. But I do like the empty space above where we're at here.
We see that NASDAQ:ROKU has started to bottom after earnings. The yellow circles below show that when the RSI has bottomed price has then risen. We also have a gap to fill after earnings and we are right on the trend line up. I like shares down here along with some cash covered puts at about the $60 strike,
Liking NASDAQ:ROKU at $63 here, buying in for a Swing Trade. Strict TA play. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or...
Roku is a brand of hardware digital media players manufactured by American company Roku, Inc. They offer access to streaming media content from online
Overall, markets seem bullish, and I expect some rotation into beaten-up stocks like Roku. The chart is set up to bounce off this rising trendline. RSI is oversold. Anytime it has gotten this low, we have seen major reversals of this trendline. Entry will be if we break above the last trading session's highs. If the price holds below the trendline, I'll...