ROKU trended up paradoxically from less than a fairly weak earnings report about November 1
'23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a
retracement. Price is now forming a head and shoulders pattern having found that support.
It is above the POC line on the evolving POC and high volume area. Based on the...
Since the 100/200sma crossover in summer, ROKU has steadily increased. Elliott Wave shows it beginning wave 5 and resistance is $140ish, so I'm bullish to $130, where I will sell half of my position and trail half to the $140 target. Cheers!
Bull flag on 5m., 15m., 1H., 2H.,
earnings tomorrow
we broke the level which are trying to break last 2 months.
I buy some calls.,
next level to sell some stocks 100
Streaming TV software and hardware provider Roku Inc. could become one of the primary beneficiaries of the mass abandonment of cable television users. The company has several advantages over its competitors, offering video streaming services.
By the end of 2022, only 65.1 million US households continued to have traditional cable television , a decrease of 9.0%...
NASDAQ:ROKU : Looking for 1-3 reaction off daily order block, which respects current downward trendline, if it goes 1-3-2 that will also RE-trigger 2-2 1m. Set up presents itself whether you're using ICT or theStrat those are always the best plays high quality plays when used together
Wall Street has backed away from today's tag along bid in ROKU stock following a buoyant Netflix (NFLX) earnings related price spike in shares. But Roku's broadening pattern / uptrend on the weekly has signaled a candle low in shares with a neutralized and hairs breadth stochastics cross over also looking supportive. With earnings about three weeks out, and...
Roku, Inc. is an American public company founded in 2002. It produces streaming devices and smart TVs, licenses its technology to other companies, and operates an advertising business on its streaming network. Roku leads streaming TV distribution in the U.S., and reports 70 million viewers globally as of 2023.
A few reasons to go long:
1. we just hit the 50% retrace at $82
2. we are completing a descending wedge (likely to break up)
3. there is a gap at $143 that aligns well with the 1.618 extension
Channel trade here..
Weekly candle rejected off channel last week with volume..
Closed below daily 21ema
Looking for a pullback to 81 gap close.
1st target 88$
2nd target 81 gap close
Entry - below 95
Stop loss - close above 21ema
Roku has entered a solid G/G trend after earnings.
Prices consolidated between 11/3 and 11/13, before breaking out. Prices are not consolidating again into a shallow bull flag. I am looking for a breakout of Friday's bar for continuation
Title Minor Low Buy
Trade...
Roku (ROKU), a leading video streaming service available across various platforms, has shown strong resilience, exceeding expectations with a profitable EBITDA of $43.4 million in the third quarter. This early achievement of profitability, coupled with a rebound in the digital-advertising sector, positions Roku for growth. Benefiting from the recovery in the...
ROKU has recorded an impressive volume surge of 52% from 7.7M to 11.7M conveying that buyers are back in the accumulation / positioning mode -- aided by the New Ad Partnership With Shopify.
The stock has taken quite a beating on its value over the years after hitting a peak of 487 on 2021. That is about to change now as recent metrics / data is hinting of an...
