ROKU 6/7 LeaderAs discussed in my previous post
IWM has started to outperform the markets. Long story short rotations are favoring small/mid-caps at the moment, so we need to find the leaders of the small/mid-caps. Now with this being said we are not necessarily looking for % wise but more of a structure. ROKU is another 
ARKK name. Overall ROKU is one of the leaders in the arkk name. Right now, price action wise
ROKU is trading within a range but as labeled in the chart within the range we took out buyers and sellers and now we are back in the range. What is the plan? - The plan here is simple. Since we took out both sides and rotations favoring small/mid-caps, I will be looking to add to my long exposure and pick up either ITM Calls at the $57 strike or ATM Calls at the $58 strike expiring 6/7. Entry is a continuation of momentum at market open. If momentum seems to be dying down, we will wait for a later entry if given. Add another contract either at market open if you bought at market close or vice versa. 1st TP is 50-70% of your initial contract value.
Nota
update : no entry, it gapped out without us in it, so we will look for more opportunities elsewhere
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.