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ROKU - Roku Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Sep 29, 2017.

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  1. Elliottwave-Forecast.com

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    ROKU investors had great hopes for 2018 as the streaming TV platform continued it outstanding growth in addition to its stock price surging to new all time highs. However in just 3 months, the stock erased all gains to end up with -40% similar to the rest of stock market in 2018.

    The company earning report and steady growth attracted all type of investors and Hedge Funds interest in the stock grow as their number increased significantly in the previous quarter as we can see in this graphic.

    [​IMG]

    Can ROKU recover in 2019 and turn the table around ?
    The stock rally since IPO failed to achieve an impulsive 5 waves advance and ended up as 3 waves Zigzag structure. The take profit took place at the blue box area $72 - $82 which triggered the sell-Off.

    The decline from October peak is taking the shape of a 7 swings move and it reached the measured Fibonacci target at 100%-$123.6 area $30.6 - $23.8. The pattern is an Elliott Wave corrective structure called Double Three which ideally would produce in this case at least a bounce to the upside to correct the previous cycle.

    ROKU Daily Chart 1.2.2019
    [​IMG]

    Consequently, as long as ROKU remain above its IPO low $15.75 then it will be looking for a recovery toward $50 - $60 then the stock can decide if the new cycle can take it higher toward $88 and above or a larger move lower will follow.
     
    Onepoint272 likes this.
  2. fireopal

    fireopal Well-Known Member

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    came so close to selling for cents rather than $ last week. This thing is unreal today!
     
    OldFart likes this.
  3. StockJock-e

    StockJock-e Brew Master
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    Well hello there ROKU!
     
    OldFart likes this.
  4. StockJock-e

    StockJock-e Brew Master
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    Pulling back after that big run
     
  5. fireopal

    fireopal Well-Known Member

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  6. StockJock-e

    StockJock-e Brew Master
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  7. fireopal

    fireopal Well-Known Member

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    This thing is doing real well today & looking for $60's soon!!
     
  8. T0rm3nted

    T0rm3nted Moderator
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    It's probably going to require some consolidation in this area before making a run for $60's. Tried to start a run today but got sold back down to the 200MA, sitting at the upper BB, and being overbought this makes me think it's got to consolidate in this area for awhile before making another strong push higher.

    upload_2019-2-4_19-0-8.png
     
    bigbear0083 and fireopal like this.
  9. StockJock-e

    StockJock-e Brew Master
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    $45 or so for a support is what Im watching.
     
  10. bigbear0083

    bigbear0083 Content Manager
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    ER AMC today.

    [​IMG] Roku Inc (ROKU) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, February 21, 2019. The consensus earnings estimate is $0.03 per share on revenue of $261.52 million and the Earnings Whisper ® number is $0.06 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for revenue of $255.00 million to $265.00 million. Consensus estimates are for earnings to decline year-over-year by 50.00% with revenue increasing by 38.91%. Short interest has increased by 111.7% since the company's last earnings release while the stock has drifted higher by 1.9% from its open following the earnings release to be 7.4% above its 200 day moving average of $48.51. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, January 28, 2019 there was some notable buying of 10,296 contracts of the $46.00 call expiring on Friday, July 19, 2019. Option traders are pricing in a 14.4% move on earnings and the stock has averaged a 23.6% move in recent quarters.
     
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  11. fireopal

    fireopal Well-Known Member

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    Expecting more here but ok if i don't get either because only have a small position left.
     
    OldFart likes this.
  12. StockJock-e

    StockJock-e Brew Master
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    The double top on the daily held strong
     
  13. StockJock-e

    StockJock-e Brew Master
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    That $70 resistance is holding
     
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  14. StockJock-e

    StockJock-e Brew Master
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    Cracking over $70
     
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  15. StockJock-e

    StockJock-e Brew Master
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    +14% and going for those 52wk highs!
     
    OldFart likes this.
  16. StockJock-e

    StockJock-e Brew Master
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  17. OldFart

    OldFart Well-Known Member

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    +27%....almost like a penny stock
     
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  18. OldFart

    OldFart Well-Known Member

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    Shares of Roku surged 23% after the company reported a narrower-than-expected first-quarter loss. Roku reported a loss of 9 cents per share on revenues of $206.7 million, beating expectations of an expected loss of 25 cents per share and revenues of $191.9 million, according to Refinitiv.The company also estimates that 1 in 3 smart TVs sold in the U.S. during the first-quarter had a Roku operating system, pushing it to raise its guidance.
     
    rg7803 and bigbear0083 like this.
  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Think this still has room to the upside.
    [​IMG]
     
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  20. OldFart

    OldFart Well-Known Member

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    def a bull flag and it broke out for sure...lol
     
    fireopal likes this.

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