ROKU here is on a one hour chart. IT has trended down from from its supply/ resistance area
of 65-68 and has dipped into its demand/ support zone of 52-53 per the Luxalgo indicator.
Price is presently far below the high volume area of the volume profile which shows the
the highest volume at 64. At this point, short sellers are buying to cover and take...
Roku made almost a V shape recovery from December low and then stalled out again. Profitability is still out of reach and other than Ark Invest, there is not much enthusiasm for the stock. Elliott wave has both on bullish or bearish counts, but in both cases, there could be some short and medium term upside before farther downside. Right now, stock can make...
After entering stage 2, Roku is now retesting the 30w MA as it is already curling up. Current and previous week with a very tight range. Expecting to see some volume confirmation before deciding to take the trade.
I believe shorting Roku at around the $58 area and being patient will be beneficial. I think it will see the 40's again with patience.
Not financial advice, good luck to all :)
Roku fell sharply in late 2021 and the first half of 2022 as growth stocks collapsed. Now, after a period of consolidation, traders may look for the bearish move to continue.
The first pattern on today’s chart is the 200-day simple moving average (SMA). Prices tested this long-term trend marker over the last three months without breaking through it. ROKU slid...
After its earnings report, Roku seems to be forming a symmetrical pattern. I drew the trendlines to fit most of the tops and bottoms but you will adjust accordingly with price action. It looks like we're getting into the narrow straits of the trendlines so I'm looking for a breakout with high volume in either direction today or tomorrow. If you look at their...
The price is now shaking between $68 and $54.50.
Less important level at about BMV:60
To see a first signal of bulls after the strong downtrend The price must close and hold at least $68. Much better would be 76.50.
If bears are still in control, the price will easily record a new low soon, below $54.5
Next Support and Resistance Area for $ROKU
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
ROKU is stuck inside a range around support and round number 50.0 so we will be looking for buy setups on lower timeframes.
on DAILY: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray around...
Get the indicator i showed and follow each step how i showed it on the video with the arrow let me know when you see it so i can take the video down i dont want no one to know about this
The short term pullback (red line) is gonna crush soon on the long term uptrend, supported by the strong 250h.
EMAs are Flat.
The price is ready to make its move.
