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Trading ROKU Post-Earnings and 3 Reasons Why It Was Actionable Before The Bell

by | Nov 7, 2022 | Swing Trades | 0 comments

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We subscribe to several news sources that assist our trading on a regular basis. The information we are looking for are described herein.  Read along as we cover trading ROKU after the company reported earnings late last week.

Trading ROKU

Trading ROKU was a straight forward process.

Here is the chart.

Trading ROKU

 

  • Pre-market volume indicated we might see short covering. Large green candle.
  • (RVOL) relative volume was 3x normal compared to previous days.
  • After the opening bell, RVOL remained elevated.
  • Price consolidated, Bollinger Bands contracted.
  • Price action broke out of the opening range at 10:25 AM.

Trading Workflow

     This is a more detailed workflow that we say in ROKU after the opening bell. Use it, modify the process to suit your trading style.

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    Happy Trading,

    Vinny

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