NASDAQ:ROKU Short under 95 - retracement trade. Fundamentally Roku is in a good position with positive EBITDA and positive guidance for FY24. We could see some retracement in this post earning pop uptrend regardless. RSI and momentum indicators topping off.
Another one I like for 100+ eoy Deviated beneath and now reclaimed mid Importantly, closing above its March swing high No meaningful resistances from here through 95 range high Feels like squeeze imminent
NASDAQ:ROKU Technical Analysis: The chart displays a clear break from its parallel downtrend, suggesting a potential change in trajectory and a possible shift in market sentiment for the stock. Waiting for bullish consolidation like a bull flag.
Roku Inc. (ROKU) shares spiked by more than 30% today after the streaming device and TV maker reported earnings results well ahead of analyst predictions for the third quarter alongside strong subscriber growth. For the third quarter, Roku achieved an all-time high of 75.8 million active accounts, a net increase of 16% compared with the prior-year quarter. This...
ROKU is seeing weakness at the 65 handle and it's worth making a note of. The stock hasn't bounced at all with the market and now seems highly susceptible to falling at that handle. We'll see how far that moves takes us and where we will want to take profit.
Keeping an eye on the 3 year picture, where we achieve a culmination of 5 waves up with a visit to 999 in the fourth quarter 2027, but not before sliding down to (2) of (A) hitting 55 ahead of its classic three move wave.
Roku price has created what looks to be a Double Top Pattern! Price unable to create a Higher High, then broke down below the Low (Point A) signaling a strong Bearish trend! I suspect Price to retrace to the Fib'd Range @ 76.37 - 81.24 to then be rejected down to Sequence Target @ 58.1 - 49.2! -This Price Action would also outline a Head & Shoulders Pattern. As...
If you've followed me for awhile, you know I rarely do ideas on this Mid/Low cap tech.. The reason is because they have High IV and are heavily shorted. Even so , this looks like a good setup here. We completed the Double top here at 67 The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so We could...
Nice rounding bottom, consolidating since April 2022. Is trading just above the support after testing it, good entry point. I just opened a long position, it could time several weeks to reach the target but the risk and reward is good. There is a lot of support underneath. I like this trade.
MSFT has a number of similarities with ROKU and PYPL from the summer of 2021. MSFT is a main leader in the current market so even a sell off into the mid $250s would drag the market lower. MSFT, AAPL, GOOGL and AMZN and the majority of big tech names need to put in a significant bottom and head higher for the market to see higher highs this year.
The ROKU chart looks fantastic right now, with the Ripster Cloud indicator nicely in place to offer support for a push higher to $100 and beyond in the coming weeks and months. First target is a move to $85 / $90 : from there I would reassess and see if it has the look to keep going. If it was to break below $70 then I would consider the idea over. Ideally it...
Not a name I really trade often, however I like the R/R down here. Big falling wedge into Fibonacci support, demand zone and TL support. Potential flat for W4 nearing completion.
Hey guys! Today, we're looking at a Trade Idea in NASDAQ:ROKU , the volatile smart TV platform company. Like most of our trade ideas, this post focuses on selling put options - this time, on NASDAQ:ROKU shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the...
NASDAQ:ROKU had been basing for about a year before breaking out on Earnings on July 28th on massive volume. That was followed up with 2 more days of heavy buying volume. It has since pulled back near the original breakout area and forming a possible Bull Flag. And if you were to zoom out to a weekly chart, I can see this as being a Cup w/ Handle formation. I...
In my last post I was trying to stay bullish, but the price action has made me get out of my position. Sep 6 failure has marked the previous EW count invalid and it's looking more like a leading diagonal pattern of contracting kind. At the moment keeping an eye on the daily RSI to get support at 45. If that level breaks, it might induce additional selling....
Rounding bottom here on monthly If we can get a couple closes over $85 we should make our next leg up into 100 area, base there, then go for 120, base there and then go for 150. This is now in an 80/100/120 pattern where we Hit 80 pullback hit 100 pullback hit 120
Roku: holding support around 80. It could be in impulsive wave 2 of wave III (the strongest wave). (LIS) is at $60, a breach of which would invalidate this count. If the support levels remain intact, Roku might experience a robust rally leading up to the end of the year.
we are currently at a very strong RSI/trend resistance zone, rejection here and break of 90.46 leads to dip back to 72-79 levels and trend support.. boost and follow for more! thanks 💚