Bullish breakout with volume shall be a good buy signal however market still bearish and caution is required. so as of now its long call play but with high protection using long put or short to cover . the gate is to close above 110 then target will be 136 then if market is good enough , may we see new bull wave with target near by by 225. also possible scenario...
Roku Wave 5 has developed on the 78-minute time frame and the trigger candle has formed. This wolfe wave setup has currently captured >25% move and has potential to move towards the Premarket Gap at 109.
My top 10 buythedip picks:
TSLA - 697
ROKU - 367
SQ - 234
Z - 153
BIDU - 266
PYPL - 249
SNAP - 57
FLGT - 104
REGI - 85
FCEL - 17.3
These are considered based on following criteria:
Was in clear uptrend before pullback
Had deep pullbacks from ATH, yet support level is not broken.
Has bounced off a bit from bottom - support level
Still lot of room to...
This is an alternate count which I have to admit has some minor issues. But overall there is no degree violation that I can see. Time will tell, but this looks ridiculously bullish.
big rip off here with this company ...making money on adverts?? ok 80$ stock Maybe .. sorry for u folks that got sucked in ...who ever told you about this .? Stay away from!!!
Possible bullish cross on the go after earnings.
Swing #34
Will go long > 106.16
..... targets 113 / 121 / 136 / 141 / 167
Will short it < 89.45
..... targets 85 / New Lows
following EMA 21 and 50
$ROKU has earnings coming up on the 28th I believe and is in a text book "double top" pattern. I got price targets of $93.45, $87.83 and $81.90.
It's crossed over the neck line @ $99.64 on the daily. A daily candle closed under $99.64 would probably be the safest entry but I'm already in 4/29 $80 P and 4/29 $75 P.
Generally speaking Roku usually follows $NFLX....
Roku maybe after ER will finally go down towards that 70 target??
I'd be interested in playing the puts to the downside on this name after what I saw happen to NFLX.
Weekly looks like it wants continued downside.
Of course it was! The Double Top is one of the most obvious chart patters you can find:
And i think it might go just where it all started: at the Covid lockdown level of $59.
I know that today ARK bought around 400K shares, but i think they are wrong, ROKU hasn`t bottomed yet!
Looking forward to read your opinion about it.
Look for a drop to around 104 (102-107 range = bounce zone) to start next week, followed by a pre-earnings run to 130s, then earnings pop/continuation to low 160s. After that it will be time to get short for a drop back to 120s-130s (will revisit and adjust for precise levels along the way and send updates).
Logic :
- My model for overall market (in sync with...
Roku looking pretty good here. Been massively beaten down and due for a correction. Reverse H&S and indicators are looking pretty good. I think it could fall a tiny bit more before it pops but if you zoom out to pre-COVID (the thin green lines on my chart) you'll see it has reverted to that channel / mean and actually just dipped below it a bit, so barring...
NASDAQ
