Rokusignal
ROKU Inc Options Ahead of EarningsIf you haven`t shorted the Double Top Bearish Chart Pattern:
or the Q2 earnings:
then you should know that looking at the ROKU Inc options chain, i would buy the $50 strike price Puts with
2022-11-4 expiration date for about
$3.35 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
ROKU: Bears still in control!!Roku
Short Term - We look to Sell at 77.50 (stop at 91.34)
Our outlook is bearish. Broken out of the wedge to the downside. There is scope for mild buying at the open but gains should be limited. Reverse trend line resistance comes in at 77.50. Preferred trade is to sell into rallies.
Our profit targets will be 41.57 and 30.00
Resistance: 80.00 / 110.00 / 140.00
Support: 55.00 / 40.00 / 20.00
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We will we will ROKURoku
Short Term
We look to Sell at 98.40 (stop at 107.29)
Preferred trade is to sell into rallies. Bespoke resistance is located at 98.40. Posted a Bearish Outside candle on the Daily chart. This is negative for sentiment and the downtrend has potential to return.
Our profit targets will be 73.29 and 61.10
Resistance: 100.00 / 140.00 / 178.00
Support: 86.00 / 73.00 / 50.00
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WAS ROKU sell-off predictable??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.
Was the ROKU sell-off predictable?I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
Now, after the earnings, i see a retracement to the May 2019 level.
Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected
For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.
Roku Analysis 09.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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ROKU the next Netflix ? In terms of selloff i mean.
If you remember, Roku was a Netflix project in 2007.
Roku TV founder Anthony Wood created Roku and started the streaming boxes without Netflix taking a risk.
ROKU is embarking on its original content journey in a market with strong competitors.
Waiting for the stock to come to the high volume buy area.
$ROKUShares of Roku dropped as much as 4.8% lower on Friday, hamstrung by a bearish note from Wells Fargo analyst Steven Cahall.
The pessimistic call on the media-streaming technology stock counterbalanced an upgrade that drove Roku shares higher yesterday.
Cahall downgraded Roku from overweight to equal weight, meaning that the analyst now believes that Roku shares don't provide an exceptional investment opportunity anymore. He also lowered the price target on the stock from $450 to $388 per share. That's still 16% above Roku's closing price on Thursday, but the Wells Fargo analyst sees better ideas elsewhere because this stock looks "fully valued" at current prices.
In my personal opinions I’m fairly flat on Roku.
I’m not bullish but I’m also not bearish.
On the technicals you can see price has broken out of its falling wedge on the daily and looks tempted to run.
With the MACD curling
& the RSI recently coming out of oversold territory.
I suggest keeping this on your watchlist.
- Factor Four
ROKU 1D Long-term LONG/BULLISHROKU 1D Long-term LONG/BULLISH - We had a retracement to the 0.5 of the Fibonacci Retracement ($272.47) and since than we kept going up, if we manage to find a strong resistance and fall back down and break the 0.5 our next retracement level is the 0.618-0.66 area (Approx. $215.00), is the current Retracement of the 0.5 is actually the correct Retracement our first TP (Take Profit) is at the 0.618 of the Fibonacci Extension ($536.07), HAVE FUN AND GOOD LUCK TRADING!
Traders gain losers complain!