That Time We Shorted (ROKU) Roku, Inc. - Live Technical Analysis, Trade Recap!!
A Roku is a device made by the company Roku (ROKU) that streams media (shows, movies, and even music) from the internet to your TV. It offers a practical and affordable way to add internet streaming or expand internet streaming options, to the TV and home theater viewing experience.


Roku is a popular streaming device that has been around for more than a decade. The company was founded in 2002 by Anthony Wood, who also invented the digital video recorder (DVR). Initially, Roku was focused on providing DVR technology, but it eventually shifted its focus to streaming.
The first Roku streaming device was released in 2008 and was called the Roku DVP (digital video player). It was a small, affordable device that allowed users to stream content from the internet to their television sets. The device was a hit, and Roku quickly released several more models, each with improved features and capabilities.
In 2011, Roku introduced the Roku 2, which was the first device to support 1080p HD video. This was a major step forward for the company and helped to solidify its position as a leading streaming device manufacturer.
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- Rated 5.00 out of 5 based on 1 customer rating$50.00
- Rated 5.00 out of 5 based on 1 customer rating$50.00
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Rated 5.00 out of 5 based on 1 customer rating$5.00 – $9.00- Select options This product has multiple variants. The options may be chosen on the product page
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Rated 5.00 out of 5 based on 1 customer rating$55.00- Select options This product has multiple variants. The options may be chosen on the product page
Rated 5.00 out of 5 based on 1 customer rating$5.00 – $9.00- Select options This product has multiple variants. The options may be chosen on the product page
Rated 5.00 out of 5 based on 1 customer rating$95.00- Select options This product has multiple variants. The options may be chosen on the product page
Rated 5.00 out of 5 based on 1 customer rating$55.00- Select options This product has multiple variants. The options may be chosen on the product page
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In 2013, Roku expanded into the international market and released the Roku 3, which was the first device to support voice search and motion control. This made it even easier for users to find and access their favorite content on Roku.
Since then, Roku has continued to innovate and release new products, including the Roku Streaming Stick and the Roku Ultra. The company has also partnered with a number of major streaming services, including Netflix, Hulu, and Amazon Prime Video, to offer their content on Roku devices.
Today, Roku is one of the most popular streaming devices on the market, with millions of users around the world. It has helped to revolutionize the way we watch television, and it continues to be a leader in the streaming industry.
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Read Moreall right so the next symbol we are
going to be getting into again if you’re
in the Discord you already know so make
sure to go join that but what we’re
going to be getting into is
Roku we originally made this video on
Roku a very long time ago I believe it
was October 25th so basically exactly
one year ago today oh spoiler spoilers
spoilers oh crap okay so as you can see
Roku right here again if you go to my
YouTube channel
currently live there’s a search bar at
the top type in the name of the symbol
you are interested in boom you can see
every time we’ve made a video about that
symbol right
so I went through there found this video
Let’s see what I was saying about Roku
exactly one year ago today and how
that’s played out since right
we also have a special guest in this
video bull options Trader really cool
dude make sure you go check him out
and I’m gonna let this run for a little
bit see what we were saying and then uh
we’ll
resume in a minute here
foreign
we also do have an unboxing and a little
funny how it just lines up also so
nicely so clearly so cleanly
um
foreign
logarithmic
some of those Trends they work in linear
but they don’t work in log
Enlighten us my friend Enlighten us tell
me how I can improve
I don’t know it’s just something you
have to experiment and see for yourself
a lot of times I find bottoms when
charting a log versus linear it’s just
hard to to get a to get a full story
when the stock goes you know straight
vertical it’s extremely hard to draw a
trend line but if you chart it on the
log chart it Smooths things out makes it
a lot easier to interpret
foreign
I think this is about good for Roku
would you say bull options Trader bull
option Trader if if there was one other
company you would you again we can go
forever doing this if what what’s the
next company you want me to try and
mark up a little bit like this
what company should I spend the next 10
15 minutes on uh I don’t want you to
chart any any chart like this for 10
minutes
so it’s what we do around here it’s our
specialty I know
um
yeah we get we hyper focus with the tent
uh with the technicals and when the
technicals present the opportunity
I think
more lines over complicates and causes
you to battle yourself because if you’re
fighting five trend lines which ones do
you fight against which ones do you go
with
it’s a lot easier if you pick the
resistance trend line pick the support
trend line and anything between there is
game and I’m the kind of person who
likes to think that
people want to always retest the lows
and retest the highs see it’s only it’s
only a matter of two things it’s going
upwards going down
yeah you got range patterns but I
wouldn’t want to buy range stocks anyway
I want to buy stocks that will move
you could say technically Roku is a
range stock right now but it’s a it’s a
it’s a big range so I’m okay with it
you know
um making a hundred bucks on a uh
make a hundred bucks on a 300 stock I
mean that’s still 30 percent
but I know that you are right I I do
kind of like it
um and we are probably over analyzing it
at this point
um
let’s go
all right so again we’re covering Roku
right we filmed this video up on October
25th 2021 that was almost exactly a year
ago guys now what was I pointing out I
was pointing out there was a double top
right make sure you go subscribe on
YouTube there’s a this quite clear
double top here right
uh we have these trend lines boom boom
we have the mildly descending price
Channel this is more so like a flag but
if you look at the flag right it’s
already kind of breaking out of that
flag we were recognizing these things we
we were looking at the profit margins
as you can see
they’re not necessarily profitable
negative more often than not if anything
they make like two to three percent
return kind of weak dividend no dividend
earnings they do beat earnings or at
least they were throughout this enormous
gain here right so where is Roku today
again it was
323.19 when we made the video anyone
want to take a guess where it’s at today
well
damn all right
so basically
made the video at 323 dollars was right
here in this pocket represented by this
candle right here what happened after
that it tanked direct path
direct path again we are looking at a
weekly chart that means every candle
here represents one week of time what
happened here what happened here look at
that guys it could not have been more
perfect it literally could not have been
more perfect guys look at the green
lines we had in the chart this chart has
not been updated since we made this
video originally because you don’t have
to guys you don’t have to you don’t have
to be waking up super early in the
morning nobody wants to be doing that
you know you make a plan and you stick
to it so these green lines right in
place there boom boom 57 57.
let’s zoom in here 57.63
yes
it right now it is currently at
49.59 how big of a move is that that is
an 85 move to the downside over the past
year while the market was slumping
good thing we were prepared for it right
let’s look at those profit margins we
were talking about
we were saying um oops who we were
saying
negative more often than not barely
profitable if ever they only got worse
since then negative 3.5
and q1 2022 they had a negative 3.59
profit margin in Q2 2022 they had a
negative
14.69 profit margin and in Q3 2022 they
had a profit margin
negative 16.05 crazy uh no dividend no
dividend
earnings reports have been mixed but
again
doesn’t really mean too much
but that’s crazy guys look at that
made a full a full cycle here a full
cycle now where do we think this could
be going in the future right well based
on everything we just said with their
current financials
I wouldn’t necessarily recommend them
even at this reduced price point here
you could start to see a bit of a
support forming at that 29 price range
price range if I really wanted to get
into like the video streaming space
there are a lot of other competitors
that are doing way better that I can
recommend for example Netflix or Disney
those companies are extremely profitable
extremely household names yes this
company has been in trade since late
2017
that is more than enough price history
for me to at least consider a company
like this here’s the monthly chart but
there are so many other players again
Netflix Disney that I would recommend
over a company like this that has a
negative profit margin no dividend
before I would be jumping into Roku do
you know anyone using a Roku I sure as
hell don’t
um
and that’s just that
just dinosaur remote what the hell
so that’s pretty much Roku
if you guys have any questions you can
always reach out to me in Discord again
my name is Ethan Wren make sure to check
out my website etherun.com from there
you can find links to all my various
socials we are currently live on YouTube
Facebook or YouTube Twitter not Facebook
not we’re currently live on Twitch
YouTube and ethanren.com yeah that’s the
new one I was looking for we are live on
my own website so make sure to go check
that out right on the home page make
sure you go check that out and yeah
that’s Roku again
85 move to the downside that could have
been you had you watched the video again
available on YouTube
uploaded October 25th 2021 it was
streamed live too you could have been
there live
we’re gonna be moving into our next
symbol now so hang in tight


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That Time We Shorted (ROKU) Roku, Inc. - Live Technical Analysis, Trade Recap!!
A Roku is a device made by the company Roku (ROKU) that streams media (shows, movies, and even music) from the internet to your TV. It offers a practical and affordable way to add internet streaming or expand internet streaming options, to the TV and home theater viewing experience.
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