ROKU Trade on Oct 7, 2019 09:33 from J_Matrix: Tradervue User Stock Trades.

Big Picture:
- Stock market trades slightly lower on no specific catalyst
- China reportedly not interested in a broad trade deal, not committed on reforming industrial policy or government subsidies -- Bloomberg
- Relative strength in energy stocks amid higher oil prices

Intraday Fundamentals:
-$ROKU announces launch of onn soundbar and subwoofer, exclusive to Walmart.
-$ROKU makes most of their money from subscriptions and ads. This catalyst while looks significant as a headline, it's more relevant with Walmart rather than Roku.
-Elevated RVOL when news hit the tape at 9am
-ATR 8.35

Technical Analysis:
-Inflection 108
-Resistance 109-109.25/110.25/111.75
-Support 105/103.62/102
-YCL 106.77

Thesis:
-Initial thesis is to look for a pull in to get long. With the news and the premarket pop at 9am, I'm expecting retailers who missed the trade to protect yesterday's closing price at get long. If 106.77 snaps with volume, I would then conclude this news is fluff.

Trade Management:
-I missed the first minute pull into the 106.77, waited for it to pull back and saw that buyers were holding it up on the tape at 108. Waited for the 2nd minute candle to close and got long. Price has been trading in and around Inflection of 108 and the action looks bullish.
-At 934am, the tape showed massive buying momentum so I added as fast as I could, unfortunately got fill a tad too high.
-Momo slowed at 109 which was a resistance so I started to peel off to pay my self. With my poor execution add pulling my avg up, that was more reason for me to take profits a bit earlier.
-Paid my self some more at the resistance of 110.25
-The pull back to 109 lacked volume so I attempted to add back once again as price showed me that it held 109 at 953am, however, the next candle dumped with volume showing buyers capitulate.

Remarks:
-Once the buyers capitulate and gave up 108, that was when I realized the news was not significant enough to make $ROKU run for the day.