$ROKU Bulls Charge Ahead

24 giu 2021

ROKU continues to look bullish heading into trading tomorrow. Most time intervals look healthy. Yesterday's news that Comcast could potentially buy ROKU is helping the bulls case.

Currently, I am in one June 25 415c while already selling one contract already to take profit.

In any case, I am going to sell if it hits $423.40. I want to minimize profit losses as much as possible. I can continue to monitor and find another entry point. Where?

If this trades up I will continue to stay in the call, the key line to watch is it crossing over $429 where it meets the wedge. If it can show strength there the next resistance is $461!

If we get a rejection at $429 we could see a pull back to $406 levels especially if profits are taken.

The waves below the chart show bullish trends. Volume/price (green) is going up and the blue momentum wave continues to trend up with no divergence displayed so far.

Trade ideas:

ROKU Above 429 - June 25 440c

OR

ROKU Above $429 - July 2 440c

*Disclaimer: This is not financial advice. The analysis provided is simply that, an opinion, and not meant as financial or investment advice."