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
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.