ROKU released earnings today. If price can get above $52 I'd expect a run up to the upper trendline. If you like my charts, feel free to follow me on Twitter for intraday updates @GingerHeadTrade
S/R Zones for ROKU post earnings gap 8/8
Prices are higher up and approaching many supply zones and there seems to be evidence of sellers in the markets, therefore, making it a high probability sell order.
$ROKU Daily massive cup and handle followed by head and shoulders, reversal. Squeezing BB and KC Low volatilty this week, BBW is low Friday 8/3 doji daily candle last 2 ERs shown green candles leading up to ER ER Wednesday 8/8 watch tomorrow
* Looks like ROKU can go into a short term correction mode from here. * RSI is downtrend while chart shows uptrend. * Unless some positive news comes up, we may see it going down to around $41 or $40, which is the next support. Feel free to add more opinions along with reasons.. :)
if price manage to stay above 48 by tomorrow's close, will stay long.
Seeing a Cup and handle, expecting a rally. will update where the resistance is.
Market top value line has historically been around $45 for Roku since its first IPO quarterly report. The hype was real and the price collapsed, only to rebound once again before the next call, at which point everyone realized things took off too high, too fast. I'm sure we can all remember the long, straight road down, back towards a normalized, long term,...
If ROKU can break and hold above the pivotal $40 mark, it could start a breakout and test $50. ROKU has been consolidating for some time now, and with technical indicators pointing up, if ROKU can break the current downtrend resistance line I will be buying $45 strike calls and looking for a push to test $50 in the coming weeks.
Fell Below 43.90, sppt @ mid BB & 20ma. need Volume @ hold 43.90, 47.42 1st 52.42 2nd
IF 43.90 holds otherwise 40.38
rebounding from bottom nice entry point now
Sadly I got stopped out of my ROKU position with an overly aggressive stop-loss ($43.92), after having longed ($41.52) a flag breakout just below the downtrend line. Second silliness was that I didn't buy the retest and bounce off the former downtrend resistance (now support) line. Right now ROKU is obviously in a little consolidation zone right above the...
ROKU touched the trend line with decent volume. I entered taking a risky trade -- buying the pre-break out. Long term uptrend, medium term neutral, short term uptrend. Price target $50.33 for the .718 fib retrace if breakout. Risky risky trade ~