ROKU has multiple gaps to fill down, was downgraded from Morgan Stanley today, and is overbought.
Morgan Stanley downgraded price target to $110.
Average Analyst Price Target - $124.93
Current price is $137+
marketbeat.com/stocks/NASDAQ/ROKU/price-target/
We need to see ROKU break the white trendline to confirm the lower gaps may get filled.
Price may bounce off the white line back up, into the pattern to fill the gap down created today.
I am in this position for Dec 20 Call Credit Spread - 135/140 Strike (Bearish). Works out to 65% probability with 1:1 payout.
This is short notice entry, but risk is small.
My opinion - Who is going to be buying this dip in ROKU after 400%+ returns YTD, at ATH's, with a 15% downgrade, during the holidays?
Answer - I cannot think of anyone who would spend Xmas gift money on ROKU stock with issues stated above.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL....and ROKU (for now).
Morgan Stanley downgraded price target to $110.
Average Analyst Price Target - $124.93
Current price is $137+
marketbeat.com/stocks/NASDAQ/ROKU/price-target/
We need to see ROKU break the white trendline to confirm the lower gaps may get filled.
Price may bounce off the white line back up, into the pattern to fill the gap down created today.
I am in this position for Dec 20 Call Credit Spread - 135/140 Strike (Bearish). Works out to 65% probability with 1:1 payout.
This is short notice entry, but risk is small.
My opinion - Who is going to be buying this dip in ROKU after 400%+ returns YTD, at ATH's, with a 15% downgrade, during the holidays?
Answer - I cannot think of anyone who would spend Xmas gift money on ROKU stock with issues stated above.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL....and ROKU (for now).
Đóng lệnh: dừng lỗ
Going against us. Close trade or buy a call/sell a put to offset if you had a bearish call credit spread in playGiao dịch đang hoạt động
Sell signal on the weekly candle. My stop order didn't hit because ROKU started back down again. Added another Call Credit Spread. Probably only in this 1-2 weeks.Average Price target is $127 - 14% downside
marketbeat.com/stocks/NASDAQ/ROKU/price-target/
Thông báo miễn trừ trách nhiệm
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Thông báo miễn trừ trách nhiệm
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.