$ROKU | WEEKLY WATCHLIST 12/13$ROKU 1D
I think we may have seen or atleast close to THE bottom. Watch for $211-220 region hold support for the next leg up. As long as we hold, we may see $300+ sooner than you think.
ROKU
$ROKU potentially found Bottom with Volume at the 0.618 FibAfter a major Bear Run that started with a double top at $490ish... It appears that ROKU found bottom with volume around $197 region which equates perfectly to a 0.618 Fib Retracement Pullback. Risk and reward should be high and adding to ROKU on any down days post bottom should be beneficial for investors. ROKU has an attractive valuation at around 10 PS ratio based on 2022 Revenue Sales with approximate guaranteed growth of revenue around 30% or more. Additionally native content from ROKU has proved popular with the most popular movie/video in the world right now.
Trade Idea on ROKU | What I want to see before tradingToday we will take a look at ROKU.
What can we see from a technical perspective?
a) Currently, ROKU is on a Drawdown of 60% from the previous ATH on JUL 2021. And if we take the first top on February 2021, we have been on a drawdown period of 290 days +
b) The main bearish structure we have right now is the descending channel. While the price stays inside that structure, I will keep thinking that the price is on a solid bearish trend. However, based on past behavior, I think we may see a breakout soon.
c) OK, what do I want to see before trading if the breakout happens? So, the first filter is the breakout, and after that, I want to see a 5 to 10 days structure with the proportion you can see on the chart (yellow ABC flat pattern).
d) IF all the previous filters happen, I will open positions on the green horizontal line (new local high), stop loss below the correction, and target the last broken ascending trendline.
e) The risk I will be taking on a setup like this is between 2% to 3% of my trading capital. The expected duration of the setup (if everything goes as expected) is between 30 to 60 days.
f) It's important to say that if the filter doesn't happen then, you don't trade :D that simple. And if the filter happens and the trade is executed, the odds of being right is around 50%. However, the risk to reward ratio we will be looking for here is around 2.5
Feel free to share your view of the current situation in the comments! Thanks.
ROKU going for the big swingTodays price action confirmed the reversal from bottom. It closed near intraday high. As long as it doesn’t drop back under the 20 day, which I don’t think it will, then it’s looking good for a big swing to break $270 then to $285 then to the moon $ROKU
If you agree then follow me for more, and give this a like
Gap fill? put trade?Created the gap in the morning and looks like it hit my downtrend line and got rejected, overextended from the 5ema on the daily chart and also overbought on most smaller charts( 1h, 30m etc) on top of these signals weekly chart has a death cross. I think it ran too fast and might get pulled back a little. In addition to that the weekly death cross has me thinking it’ll come to the 200ema on the weekly chart. Is todays candle a bull trap?
ROKU, Time to move?With news, price is breaking out of a descending channel, has to reclaim 239 then 240 to confirm a full break imo.
CRSP - WEDGE ON SUPPORT - PIVOT CANDLE CONFORMATION **ON ALERT**All,
Pretty easy to see why you would be bullish here. Few things need to happen.
1) full candle break watch for a gap etc
2) needs to break horizontal SR at 81.50s (full candle above)
3) market needs to hold this in here if it were to somehow lose these yellow levels would be big downside imo.
Add alerts and keep this on a short timeline maybe literally one more day.
$ROKU YTD demand $ROKU is sitting in a year old untested demand zone from its November 2020 breakout. Could potentially see as low as $200 but a break from here will bring its most recent supply areas between $275-325, and it could go relatively quickly.
Holding 10 12/3 $257.5 calls at .56 as a weekly lotto. Target $20,000 profit or 0
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
JD - ARC ENDING - UP OR DOWN?All,
JD looks like it's going to make a pretty sizeable move here. My honest guess is the downside. With that said I don't think they are a bad company by any means. Decent earnings etc. I just don't see the traffic/high level interest to really keep the momentum up. That being said I always plot both theories up and down so of course do your own DD. Like most of these plays I would do 1:1 puts/calls and drop the other when you have conformation.
DKNG - 618 FIB ALL TIME - TIME TO BUY?All,
DKNG here obviously a typical buy area, but market + ER I still have to be careful here. I 10000% would add to watchlist. Worst I see it getting is 33-26 range a little lower.
UPST - BE READY - SET ALERTS All,
UPST with last ER is just a must watch down here it could hold here, or drop down but I for sure think we have a MASSIVE bounce if it drops down on that trend line.
This is all pending the market. SPY falling knives can slice any mid/large cap.
HOOD - ROBINHOOD BOTTOM - BE READYAll,
First off I hate Robinhood as a trading platform and what they put their users through. However, supply and demand do exist. I think for sure $17ish on RH here is a for sure bounce. Maybe a little sooner depends but all downtrends end in the $17ish range. Add alerts around 19-18-17 and just watch it.
ZM - ZOOM - EASY BOUNCE PREDICTION LOW VOLUME AREAAll,
ZM short potiental. But ER wasn't actually all that bad. I'd look for a bounce near white area possibly little lower. Easy bounce don't stay long just for the retrace/retetest.
Expanded Flat Elliot Wave correction on ROKURoku in an expanded flat here, here’s my best attempt at mapping out the five waves within the c wave. 238 is the point at which wave 5 becomes equal to wave 1. .
$ROKU Oversold - Buy the Blood$ROKU Oversold - Buy the Blood
This is the most oversold this stock has been since the pandemic market lows of March 2020. I'm expecting a bounce here sometime in the next week. Great company with solid earnings. This selloff is overdone in my opinion. Avg analyst price target is about $408 right now, with vast majority giving it a Buy rating.
Near term target: $275-$300 range possible by year-end
Note: This is NOT investment advice. Educational only.
PYPL- SPEED FAN BOUNCE - TRADE OF THE YEAR- BE PATIENTAll,
This is almost too perfect. Weekly everything lining up. WATCH THE SPEED FAN BOUNCE AT BOTTOM.
This Speed fan bounce and trend line bounce is going to be EPIC. This is a $200-$210 PT. Then bounce down on speed fan down to 190s 180s again then it should break 220+. How you want to play that is up to you I am aiming for 200-210 the second it gets 185-180. Risk I am willing to take. I see this as easily 200%+ considering IV is in the shi**er. Probably long term 400-600% assuming market doesnt tank or something news related.
Fib trend bounce here
Fib retracement here
Stoch RSI literally dead at 0
reg RSI sub 20 WEEKLY holy hell
long term trend line underneath $180
IT IS TIME for reversal! $ROKU stock analysis.Hi everyone,
Today we are tackling NASDAQ:ROKU stock price downfall.
Why has it been falling so hard for the past couple of weeks?
In fact, Roku stock has been losing in price every month since July. And losing a lot.
It is now trading at 50% below July's highs. That's insane.
Roku was a major COVID theme play, as everyone expected the stock to benefit from lockdowns.
Indeed, it had grew massively and was overpriced in July-August.
Is it a hopeless stock now?
As practically all COVID-benefitting stocks in the past month, NASDAQ:ROKU stock was losing in price.
After Q3 earnings report it dropped another 15% in a week. Although the report was not terrible.
My verdict : the stock is now suffering for its massive overvaluation by the public.
The Analysis.
From a technical standpoint, it is almost time for a huge reversal.
Looking at the last year's Volume Profile, we can see that 311-362 price zone saw the majority of volume traded with a POC around 317 .
Now the price is far outside the Value Zone and approaching a support line.
Price surpassed important 272 level.
I expect the stock to reach 200 zone in a near future for a buy. Although, it is a conservative lower risk play.
Stock already poses a pretty tempting buy opportunity.
In the long run, I expect the price to test orange resistence line above.
AND if we break it, honorable return to high-volume zone of 310 and above is due.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
$ROKU | WEEKLY WATCHLIST 11/22Like PayPal, Roku still has some more downside to go before a potential reversal. Not interested in long setups until we tap $220 region. Don't get burned trying to catch this in the meantime.
SPY - AT THAT AREA AGAIN...DIPS MAY DIP EVEN HARDER BE CAREFUL*** I know it's so tempting to jump on option calls for PYPL/UIPST/BIDU/ROKU and many many other huge dips that are 100% undervalued. BE PATIENT. These are selling off so fast and hard when you time this bottom correctly trust me they will blow up for at least 100% in options. Don't assume just because they are undervalued and dipped that SPY cant take a nose dive here to 450-440 and take them further down. Be patient.. WATCH THE MARKET FIRST. Don't get faked out on a tiny bull run for one day that turns up being a huge negative move.
All,
I think we are reaching once again that retest area. There are two arguments here. One that both of these resistance lines have been tested way over 4 times. So in theory eventually dip after drip these break resulting in a breakout and usually a good one. However, for obvious reasons we have pre pandemic, possibly a new one especially in EU right now, already over saturated market, FED news. etc etc I mean negative list goes on. So once again here we are restesting a previous failure. the previous small dip was the first support break and now coming all the way back up retesting it some more.
Given holidays, world news I am not necessarily bearish yet. I am actually wanting a huge bull move again because there are so many dipped stocks.
DIPS YOU HAVE TO WATCH - DKNG/PYPL/UPST/BIDU/NIO/ROKU/FIGSAll,
BE PATIENT. Let the market do it's thing and get conformation. There is ALOT of money to be made here if you are patient with call options. I see ROKU/PYPL as immediate buys once market turns around. UPST as well but not tons of support.
FIGS id watch every 30m this one is positive ER really undervalued here on serious support basically a wedge. I like FIGS if it holds or breaks below id watch that even more. FIGS whenever it fully stops I will probably take.
