If this count is correct, expect upside with Roku this week. What we do know is that Roku clearly completed 5 waves of a smaller degree on earnings where it hit 178. That was a new high to create the minimum of 5 waves, meaning a pullback would follow and it did. We played this by selling our shares and re-entering lower. Roku hit 178 right away after-hours on earnings and fell to 150 by the next morning. As you can see it has held the .382 re-trace to complete a wave 4 of 3 of 5. I expect really solid upside soon to finish the large wave 3 of 3, before a large degree 4 pullback again. I see another count that is actually even more bullish than this, but my mindset is "you can't afford to not be in, if it dips lower then buy more, etc." Regardless of trying to predict what's next or if this wave count is correct (it can always change), Roku is a name to be in the next 3 to 5 years. I just enjoy "investo-trading" where I hold a stock for a long period of time due to expected growth, but trade the volatility buy selling and re-entering lower using the waves and a few other indicators (not shown on here). I've been in since June 5th at 101.88, and Roku is up 44.5% since then, but due to selling and re-entering lower my position is up 78.75%. Pretty cool.
Commentaire:
No change, count still valid. Still see alternative counts, but 6 month view and beyond is significant upside