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 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.
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.
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...
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...
Last dip below trend support zone was bought up quick, also still holding above extreme support zone/possibility of another higher low.
break below 50 and bulls should start to worry, for now I think this is just another bear trap..
boost and follow for more! thanks 💘
ROKU sold off after okay not great earnings- obviously a large number of market participants
took their money off the table and moved it elsewhere. There was a typical or excessive price
run-up in the pre-earnings period. This chart set in a 15-minute time frame as well as 15
minute time frame on the RSI laid onto the main chart shows bullish divergence which...
Roku has sold off over 23.8% post Q4 earnings, being the worst drop post earnings ever in Roku's publicly traded shares. Along with that, Walmart recently announced M&A via the buyout of Vizio, and Roku dropped a further 7%, adding another hit to long term investors' market value. Roku's Q4 earnings address the elephant in the room: slowing growth post...
On Jan 24 following Netflix's (NFLX) earnings beat and share surge, optimistically a broadening pattern in Roku stock which confirmed a weekly candle low following a multi-week pullback in shares was detailed and published. I went on to say owning ROKU shares as part of a collar or one of its variations for both accumulation purposes and upside participation was a...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 72.7/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
