ROKU broke below 9MA and 26MA (~$91) and we have a bearish cross on 1HR MACD + ADX has crossed bearish finally as well
Seems like a good opportunity to buy some puts on ROKU with a stoploss near $91 (If we close above the 26MA on the 1HR) - If not, we should be looking at larger timeframes
Still waiting for a stronger confirmation on the 4HR MACD to cross bearish + RSI / STOCH RSI to show a real reversal in the momentum
As of 5/28/19, it would be a strong confirmation of a reversal if ROKU closes below $90 (9MA on 4HR)
Keep an eye on STOCH RSI + RSI - We would want stoch rsi to make a movement similar to what is shown below, where momentum reaches oversold but gets rejected near the 50 and continues to fall -
Call: $86 puts for 5/31 (Adjust for 6/7 if charts take longer to form)
Catatan
Oh boy was I wrong. lol.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.