ROKU had been basing for about a year before breaking out on Earnings on July 28th on massive volume. That was followed up with 2 more days of heavy buying volume. It has since pulled back near the original breakout area and forming a possible Bull Flag. And if you were to zoom out to a weekly chart, I can see this as being a Cup w/ Handle formation. I think this would have kept going if not for the downward pressure on the market. This may also prove a great entry once it moves up and over the downward sloping flag. TBD.This is one of my top watchlist stocks for when the market turns broadly positive. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Dagangan aktif
Triggered in 1/2 sized position @ 80.06. Stop just below LOD. Will look to add on further strength.Dagangan ditutup secara manual
I closed this position for a very small loss. Looks like I could have held but I have no cushion and 
NVDA reports tonight. If they miss I think it takes a lot of the market with it. In other words I'm in capital preservation mode. Still high on the watchlist.Nota
ROKU is still on my active watchlist It is consolidating nicely here which could turn into a better move higher once it gets going, All TBD. I have an alert set to take a look again if it hits $81.00Dagangan aktif
I like the way ROKU is holding up into the last 1/2 hour of trading. I've opened a 1/4 sized starter position and my stop will be a close below the 50 DMA, not shown on chart above but it is close to the horizontal support line. Let's see what happens.Dagangan ditutup secara manual
ROKU is not doing much today and the market has rallied for several days. I'vetaken this off with a small win. I'll look to see if there is an entry next week. I may not be around Friday and Monday is a holiday. Back on the watchlist.
Nota
ROKU is now pulling back to the 50 DMA (RED). If it holds here and turns back up I will look for an entry with my stop just below the most recent low it puts in. TBD Also of note that high vol bar that is red is only red because it closed lower that it opened and it closed higher than the previous close.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.