ROKU trade for upcoming earnings LONGROKU is here on a 15 minute chart. An anchored VWAP breakout from the lowermost bands
three days prior to earnings suggests to me a long trade through the earnings. The target
is on the chart as the recent high pivots and mean VWAP line. This is a swing trade of about
4-5 days expectant for a 6% gain and perhaps more with a call option trade to supplement
the shares.
Streamingwars
DIS moves higher in realtive strength LONGDisney had an excellent earnings report last week. Today it is moving off its support of the
moving average cloud on the chart and going higher on a day when the general market is
sideways at best. A table shows its strength as compared with other commonly traded stocks.
I will take a long trade here and perhaps hold it until the next earnings.
FUBOTV moves before earnings LONGWith upcoming earnings on August 4th, as shown on the @H chart, FUBO is moving.
The set of three EMAs (35/70/280) show an impending crossover the longest EMA
and a golden cross between the other two has already occurred. The MACD demonstrates
the bullish momentum. The dual time frame RSI has the low/green line crossing the 50
level from well below it and then the high/ black line in the 60 range another confirmation
of bullish trend strength. I can appreciate that other traders are anticipating a bit of
a jump in the event of an earnings beat. I will join that group. The target is the level of
the double top of mid-July. The stop loss is the level of the golden cross of the EMAs.
An identified options trade is the strike of $ 3 expiring 8/11.
8/17/22 FUBOfuboTV Inc. ( NYSE:FUBO )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $993.186M
Current Price: $5.36
Breakout price trigger: $6.00
Buy Zone (Top/Bottom Range): $5.50-$4.10
Price Target: $8.10-$8.60
Estimated Duration to Target: 30-34d
Contract of Interest: $FUBO 9/16/22 6c
Trade price as of publish date: $0.77/contract
Multichoice retracement is in orderThe company announced a partnership with Netflix and Amazon Video. Seems like another HBO content deal. They also announced the introduction of a 'new' platform.
The support service is terrible and the various streaming platforms seem broken at best.
Recently the company has experienced continued declines in the number of DStv Premium and Compact Plus subscribers in South Africa.
I guess this is there response, lets see how streamers repond to 'new' products in the coming months.
A retracement is in order, at the very least.