[Trade Idea] Our A+ Setup in ROKU

Edward Lance lorilla, Wall Street has all its hopes set upon the possibility of a stimulus. And until we get that, odds are— we're in for some more choppy trading.  That means the bar has been raised for us as traders.  So how do we attack the market now? By focusing on our A+ setups. This requires filtering through all the stocks out there… And narrowing it down to the ones that demonstrate one more of our favorite criteria. Could be a stock that... Meets a favorite breakout pattern Has a great reversal  Has been in the news lately and shows potential to move up Demonstrates strong momentum, such as a tech leader We just identified one such stock that could have strong potential moving into next week.  The play is ROKU, which we bet is not an unfamiliar name to you. The stock has been on watchlists ever since its first day of trading and for some good reasons:   A very hot tech/IoT/streaming sector A history of blow out quarters As of lately, being an indirect benefactor of COVID and stay-at-home trends    But above all that, technicals look as good as ever.   Having tripled from its march lows, the stock has held every dip and broke out of every consolidation since.   And most importantly, consider how strong it's been!!!   While nearly every name out there has been pulling back, ROKU's been on the run.   Just recently, it finally broke above it's prior all time highs of $176.55.   It's pulled back after a "runaway" breakout and is now consolidating in the 180 area, which is where we love it for a trade.   If ROKU holds in this area, it will absolutely have to retest the $200 and possibly break and go much higher.   Here are a couple of options ideas:   9th of October, $190 CALL currently trading for ~$5.4.   16th of October $200 CALL currently trading for ~$4.5.   We want to see the stock holds this area before ripping higher for a parabolic up move.   Therefore, our hard line in the sand is $176 in stock, at which point we'll be out of options and reconsider.   And by the way...   Jeff Bishop has another A+ setup that he wants to share with you.   It drops here in Bullseye Trades tomorrow.   He even just sat down to walk traders though his most recent Bullseye setups.   Check it out here...     Can These Two Stocks Break Out? By JC Parets of Chart Hunter Did You Miss This Huge PINS Calls Comeback? By Ben Sturgill of Daily Profit Machine Green Startups & Bigtime Acquisitions By Chris Graebe of Angel Insights Don't Pick Stocks Out Of A Hat… Do This Instead By Dave Lukas of Options Profit Planner Surviving the Coming Market Crash 101 By Jeff Bishop of Total Alpha RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Click Here to stop receiving emails from support@ragingbull.com Unsubscribe from all RagingBull emails DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication.