ROKU Long TA and Fundamentals 20% upside/4% downside

4 Jun 2020

We are forming a local double bottom at $99-102, if price action confirms bounce from here I am long calls.
Strong ad revenue model, last earnings drop was overreaction over a few words at the end of the conference call.

- Strong daily ichimoku cloud support
- Cloud twist green
- 2019 mini bear trend bottom support
- closing in on .5 fibonacci
- Nearing end of falling wedge

Downside risk can drop to $92~ and hit the golden pocket fib, but unlikely as we are also on support levels from last year fall. Will DCA if breaks below 103, Roku loves to move parabolic

Entry: 103
T1: 113
T2: 120

Buy when fools get shook, and rob the shorts from the link below.

5 Jun 2020

Nota

Yesterday and today's candles combined form an indecision doji.

Trade Active 102 w/ protective put to have exposure over the weekend
Will lift hedge and switch to calls after breakout

8 Jun 2020

Nota

Profits taken on 25% of position, lets see if it will break the descending wedge tomorrow

11 Jun 2020

Dagangan ditutup: sasaran tercapai

T1 hit took remainder profit at 113 market overall too volatile