Similar to my recent NFLX analysis, this shows 1, 2, 3+ pattern of growth!...
Please see that most of the MAJOR jumps/falls occur around ER's... this is a relatively newer chart to perform such "long-term" analysis on, but to suggest the following isn't too farfetched...
Granted, ROKU has had incredible int'l growth, and it has increased revenue streams tremendously! Expecting high valuation pre-buyout...
AVG PRICE TARGET: $135
LOW PRICE TARGET: $120
HIGH PRICE TARGET: $147
... it could be a bumpier road, but I'd expect ROKU to pass $135 PT by year's end... likely, imo (mostly bc of buyout potential), this will surge through $147 PT (or at least through 2-3 more levels by year's end (or until buyout)... shareholders will then likely cash-out, it will experience larger correction (hopefully "full correction"), and then continue pattern... should this happen, this would likely be 3-5 Point 1's in a row... meaning, plenty of time for sideways trading, and buffering between big support/resistance gaps... depending on how high it surges, it could mean that larger 30-40% corrections could happen down the road... would be better long-term for this to move slowly, but it does make sense for short-term/mid-term surge for the purposes mentioned above... and then, when the global economy is ready for a major correction/recession, ROKU will then have that priced in already... who knows, (purely spectacle comment coming...) ROKU could surge to $200-300+ and then experience extreme correction, like NFLX June/July 2018... experience similar sideways trading (as just mentioned above)...
The point I'm trying to make here... ROKU should (BETTER!) fall below $90 again by September 2019... hopefully (early) this upcoming week -- possibly with shareholders cashing out for some profits pre-NFLX ER, and then hopping back in once this "full" correction has been made, eagerly shooting ROKU stock back to $105+ pre-ER, then $120+ post-ER... SHORT-TERM: BEARISH, MID-TERM/LONG-TERM: BULLISH
Let me know what you think!
Please see that most of the MAJOR jumps/falls occur around ER's... this is a relatively newer chart to perform such "long-term" analysis on, but to suggest the following isn't too farfetched...
Granted, ROKU has had incredible int'l growth, and it has increased revenue streams tremendously! Expecting high valuation pre-buyout...
AVG PRICE TARGET: $135
LOW PRICE TARGET: $120
HIGH PRICE TARGET: $147
... it could be a bumpier road, but I'd expect ROKU to pass $135 PT by year's end... likely, imo (mostly bc of buyout potential), this will surge through $147 PT (or at least through 2-3 more levels by year's end (or until buyout)... shareholders will then likely cash-out, it will experience larger correction (hopefully "full correction"), and then continue pattern... should this happen, this would likely be 3-5 Point 1's in a row... meaning, plenty of time for sideways trading, and buffering between big support/resistance gaps... depending on how high it surges, it could mean that larger 30-40% corrections could happen down the road... would be better long-term for this to move slowly, but it does make sense for short-term/mid-term surge for the purposes mentioned above... and then, when the global economy is ready for a major correction/recession, ROKU will then have that priced in already... who knows, (purely spectacle comment coming...) ROKU could surge to $200-300+ and then experience extreme correction, like NFLX June/July 2018... experience similar sideways trading (as just mentioned above)...
The point I'm trying to make here... ROKU should (BETTER!) fall below $90 again by September 2019... hopefully (early) this upcoming week -- possibly with shareholders cashing out for some profits pre-NFLX ER, and then hopping back in once this "full" correction has been made, eagerly shooting ROKU stock back to $105+ pre-ER, then $120+ post-ER... SHORT-TERM: BEARISH, MID-TERM/LONG-TERM: BULLISH
Let me know what you think!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.