ROKU - Bounce Play 2

Having scoured many charts ROKU is my number 2 choice for a swing long in tandem with probable upcoming NDX bounce.

I'm staggering my entries so I have not entered this yet as this chart is a bit more choppy that PYPL and I'd like to see NDX make a little progress first.

ROKU however has had an even more impressive 85% crash compared to PYPL 77%.

It has recently tagged an important support area highlighted that printed a strong shakeout reversal pattern in the 2020 crash.

2W RSI showing hidden divergence on the lower band.

There isn't too much structure in this chart, it is essentially trend up, top, trend down and for that reason I would suggest a bounce to hit resistance in the top area @ $272 which is within the retracement shakeout area of 0.618 - 0.75.

ROKU is potentially better RR than PYPL, but it isn't as clean of a chart so I will see a bit more before entering.

Not advice.

Komentarz:

Bullish divergence from December may signal a large bounce.

Komentarz:

Ok so indexes are breaking out it seems. I'm having some difficulty with TV and my work keeps disappearing so I dont have an NDX chart, but its pretty much the same thing with SPX - breaking out from 1:1 fib are and also SPX has some tidy trendlines that price is breaking from it seems. I think SPX is the dominant chart currently as it is cleaner.

I've entered ROKU here using 4HR ATR added to the low (5.46) same as PYPL. It may prove to be unnecessary but we'll see.

Komentarz:

Indexes appear to be turning bearish and so i have exited in favour of shorts elsewhere. If I want a long I will be looking to ROKU again but I have exited and taken profit from last week.

Komentarz:

Nice gap up today and it could be the start of something, but equally with indexes hovering a critical level, the gap could also just get filled. If NDX pushes higher than the local high then will be looking for a continuation pattern to enter.

Komentarz:

Staggering into a buy as NDX has hit 1:1. Could be long or short term.

Komentarz:

Looks ready to move up and slight bullish divergence after low RSI.