Stock and Forex Analysis – ROKU update, Windstream (WIN), and a Live Lookin at NZD/CHF
ROKU Recap and Technical Analysis
Roku (ROKU) is a stock I went over around mid-January. At the time the price of the stock was around $41. They had just reported earnings and did really well.
You still had time to get in since the exit I recommended was around $50.50 but I was waiting for another pullback. The jump up created a gap and I was looking for price to go down and fill it. Price never reached down that low and continued to go up. Price just about finished the Lightning Trade setup but it is technically still live.
Price needed to hit $51.62 and only made it to $50.70. So it is still alive trade but the reward isn’t very much.
The Curious Case of Windstream (WIN)
Windstream (WIN) is a stock I have been in for a long time. At the time I got in they had a nice dividend and fit my Bread – and – Butter Trade Setup. https://evancarthey.com/my-fibonacci-extension-bread-and-butter-trade-part-5-entry-filter/
Nowadays this isn’t a stock I would get into. I pretty much only get into stocks that fit my “growth stock” fundamental setup. Combined that with my technical setups and I have a much better chance of catching positive gains quicker than getting into any stock and ignoring the fundamentals.
That was a mistake I made when I started really trading stocks 2+ years ago. I thought my technical setups could bypass the fundamentals. That is very wrong in the stock market. I have to look at the fundamentals before getting into a stock.
But with Windstream (WIN) I wasn’t that fortunate. It has gone down pretty much ever since I got in.
In the video, I go over the issues with the stock. The biggest issue is a looming decision in a court case between Windstream (WIN) and Aurelius. Everyone is waiting on the judge’s decision. If it goes in Windstream’s favor then a huge move up is in store. If it doesn’t then bankruptcy could be the next step. They also have transitioned to offering 5g and high-speed internet to the commercial side. They used to focus on rural areas but have transitioned out of that.
From what I have read the turnaround has been remarkable considering they were headed to bankruptcy if they didn’t turn around their whole business model. It will be interesting to see next quarter’s numbers they report. The rumor is it could be very positive.
So as you can see the risk is very high with Windstream. They are attempting a complete turnaround for the company’s business model. There is also the potential lawsuit decision that could go against them. But if both of them go in Windstream’s favor then the gains could be tremendous.
I never would have got in this stock if I was trading the way I trade today. But since I do own a couple hundred shares and some call options I am in it. If you do get in just know whatever you put in could become worthless because this is a very risky play. The upside could be amazing. From reading insights on the court case most people seem to think Windstream (WIN) has a great shot at winning.
Of course, no one knows what the judge will decide and that is what everyone is waiting on.
Popular Links
Here are a couple of links if you are looking at how I view the market and some trade setups. You can create your own trading style and setups. Quit paying losing traders to teach you. The only thing they teach is how to lose money.
My Robinhood Shameless Plug
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My Robinhood Review: https://evancarthey.com/review-robinhood-trading-service-with-no-fees-part-1/
