Roku is a buy in the blue zone (112 - 118). Ideal price is 116.
- That represents the 618 retracement from its most recent trough and peak.
- It's also where the 50 day moving average falls (118)
- And where the most significant short term structure is.
And here is Roku inverted on a longer term basis... Sometimes seeing charts upside down show things more clearly.
- That represents the 618 retracement from its most recent trough and peak.
- It's also where the 50 day moving average falls (118)
- And where the most significant short term structure is.
And here is Roku inverted on a longer term basis... Sometimes seeing charts upside down show things more clearly.
Nota
Entry 1 @116 hit.Entry 2 @ 112 pending
Nota
Power bounce off the key spot. Let's see where it goes.Nota
ROKU is getting closer to 139 where I see it going next. That level will be the ultimate test. The ideal scenario is it gets acquired by Google or Disney and doesn't have to deal with it as a barrier ;)Nota
Nota
Major breakout today. Broke through 139 and now hovering in the high 140s. This is a buy on retests if lucky enough. Ideally, this happens next week which would be a textbook retest.Nota
I will be adding to my position in the blue zone:Nota
142 handle hit today. AddedNota
I am still very long on Roku as it continues to maintain its strength above the high 140/low 150 zone.I think we are coming close to another lift off. I added to the position again by going long the August 7 180 calls yesterday (very high risk), which I will add to on any weakness today.
As for risk... a close below 150 would get me to trim short term longs. Long term my projection has only strengthened - I see this stock trading well above 180 this year.
Nota
We've gotten the lift off needed right off the trend line and we are approaching resistance. In my opinion this resistance won't put up much of a fight.Nota
I was wrong that the key resistance at 157 wouldn't put up much of a fight. It clearly has. But my view on the stock has not changed as it's proving to be highly supported in the 140s. This is one of the few stocks I remain long in right now.Nota
Breakout on minor pattern:Nota
Still supported by the same pennant post earnings. That's what we want to see. Still long.Nota
Breaking down. I took profitNota
nice r/r for a long here. Prefer options at this level
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.
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.