Roblox - 30D expiry- We look to Sell at 40.68 (stop at 43.71) Price action has formed an expanding wedge formation. The trend of higher highs is located at 41.00. We look for a temporary move higher. Preferred trade is to sell into rallies. The primary trend remains bearish. Expect trading to remain mixed and volatile. Our profit targets will be 33.33 and...
Getting ready to get a Short before the 44.50 area, so I can ride the short till the 41!
Roblox has formed this nice inverted H&S The right shoulder is currently forming Following this a large up period will be experienced This up period can be compared to the down period before the left shoulder event, its just up instead of down
37.50 the 0.5 fibonacci retracement and a zone of a previous battle field. Strong resistance. Let's see how it holds.
Tracing $RBLX since 21.6 bottom - more than double in 3 months - Rumer's for beat earning but extended without re-test or uptrend confirmation - the idea to short after earning jump as RSI/MFI are overbought - if 52-53 showing strong resistance then possible short entry if passed 53 with higher volume then expect to fill up the gap between 59 to 66 so next move...
NYSE:RBLX If it breaks the white line then it's time to open the position accordingly. (Personally I'm bearish and I opened SHORT position today) *It's my personal idea and could be wrong 100%.
Roblox Short Term We look to Sell at 51.37 (stop at 57.06) Preferred trade is to sell into rallies. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be...
RBLX likes to play dirty tricks, but everything goes as planned. Nice retest, held the trendline, still moving in the battle zone rectangle. If we don't have retest on the general market, this could finally make its way to 200SMA and another supply zone around $60. I will set my stop loss below $45.
RBLX is battling. Need to close above the 50. I'm a fan. 100EMA and 50EMA finally crossing. 200 still in the way. Have this one in close eye the whole summer! Trading in and out, holding for longer swings. If we close here and continue higher I can see 55 soon.
RBLX battlefield of supply around 50. Doing well so far. BUT there're earnings tomorrow some gaming stocks weren't doing so well this earnings season. Let's see.
RBLX is battling a huge supply from April '22. Doing well so far. Could get choppy around there. Earnings next week. Will we see $50?
RBLX broke out after over a month of accumulation and chopping around 40-43. Next targets are the supply zone around 50 and then gap fill around 59 and 200SMA around 61. Gap goes up to 66 so it's possible the stock will rally up there. We also have earnings on August 9th.
$RBLX levels of interest: 62$ - 50$ - 37$ - 33$ These are the supply and demand zones that act as support and resistance. You must be aware of, Before buying or selling. --TradeWise--
Took RBLX AUG 5 44C at the breakout from yesterdays post. It started breaking out in the last 30min of the day. Above 42.80, JUL29 43C or AUG 5 44C should work if anyone wants to try today if you get an entry. More than likely we gap up because of AAPL AMZN
RBLX had some really good accumulation volume. Most of the down days are on lower volume compared to green days. Good sign that there is no distribution going on by institutions. Been consolidating here for some time now. The breakout could be explosive Above 42.80, JUL29 44C should work
RBLX has been on fire! After taking a little break, it's tried to breakout through the 42-43 range 5 times this month. Let's go RBLX! MA's are curving upwards. 50ma will soon cross over the 100Ma which is a bullish signal also. 200SMA still high above but I think this stock is on a good way. My opinion hasn't changed. I'm long.
RBLX is setting up for something lovely. Come on baby! Time to fly.