Hello fellow traders and investors, here's another trade idea.
Roku has recently pulled back and I haven't really found a strong support area, if ROKU makes a recovery to its previous high it offers around a 30% ROI.
Technicals:
The Macd indicates that it's oversold and still in an uptrend
The RSI is relatively oversold
The EMA's are in an uptrend
When To Buy:
ROKU has had an impulsive move which leads me to think that there's a corrective phase coming so I personally would be watching for a pullback and that would pose as a better buying opportunity.
When To Sell:
I recommend selling at its previous high
Fundamentals: Roku, Inc. engages in the provision of a streaming platform for television. They have a P/S of 25, a debt/equity of 0.07, a sales Q/Q of 58%, a earnings per share growth of 499% Q/Q, a profit margin of -1%, and a short float of 2.86%.
Rating: 95/100 the technicals look pretty good and so do the fundamentals except for their relatively rich valuation however with their tremendous growth they can explain why they have valued it at such levels. Their profitability is also not great but not too bad either so generally their doing quite well.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
Roku has recently pulled back and I haven't really found a strong support area, if ROKU makes a recovery to its previous high it offers around a 30% ROI.
Technicals:
The Macd indicates that it's oversold and still in an uptrend
The RSI is relatively oversold
The EMA's are in an uptrend
When To Buy:
ROKU has had an impulsive move which leads me to think that there's a corrective phase coming so I personally would be watching for a pullback and that would pose as a better buying opportunity.
When To Sell:
I recommend selling at its previous high
Fundamentals: Roku, Inc. engages in the provision of a streaming platform for television. They have a P/S of 25, a debt/equity of 0.07, a sales Q/Q of 58%, a earnings per share growth of 499% Q/Q, a profit margin of -1%, and a short float of 2.86%.
Rating: 95/100 the technicals look pretty good and so do the fundamentals except for their relatively rich valuation however with their tremendous growth they can explain why they have valued it at such levels. Their profitability is also not great but not too bad either so generally their doing quite well.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
