Short RBLXRoblox is bouncing against strong resistance in the 4H timeframe. Going short with a stop at the last pivot give you a 2:1 with a price target of the string volume based support.
RBLX trade ideas
its on the watchlist! RBLX in consolidation mode after breaking the downtrend
looking for a move above 53.73 to take a long position, break below 44.39 to take a short position
Roblox reboundRoblox is an overlooked stock that has huge potential as a longer-term play. People often think of Roblox as a kid's platform for gaming. For the most part, it is but they have been expanding their age groups and creating more features for developers to create games and content that is outside of its normal scope. In my opinion, Roblox is an easy double or more in the coming years.
$RBLX - Inverse Head and Shoulder?Roblox is currently in an interesting place. It looks like the inverse head and shoulder may be forming with the neckline at $52.36 area. If the price can break above $53, the pattern break out is confirmed with the price target of $65.
Target 1 - $53
Target 2 - $65
Stop - $40
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
RBLX Bullish over the green dotted line 52.50Inverse Head& Shoulder on the daily chart. Ema ready to shift trends. Bullish overall
trends broken! now we may see a little rally RBLX finally starting to break this 4-5 month downtrend!! remember what I always say, after long downtrends or long consolidation we see big breakouts! $SQ is a perfect example if nice breakout after long downtrend.
Targets are 64.98-79.44-93.91
Wait on RobloxHello Friends!
I really like Roblox longterm. But unfortunately, it’s currently in price discovery mode. It needs to find a support price to build off from their 2022 guidance. I’m going to wait for Roblox to break out of this current downtrend before reentering. If a breakout happens I see a trade to 2 resistance points (yellow and green line).
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
RBLX - Upside Potential2 HR Chart
10 SMA broke through 100 SMA on the 2 hr chart. Entry would be when slow stochastics reaches and bounces from oversold on 2 HR. If the 10 SMA holds above the 100 SMA then there is a tremendous amount of upside.
RBLX Swing SetupRBLX, another tech company i believe is setting up for a good swing trade at these levels. This stock has been crushed as of late but it looks like it may be reversing.
Price as broken out of the falling wedge and seems to be testing the parallel trend line before moving up.
The 50 sma is acting as resistance but if the price can break that level, i believe it will gap uo given the gap that is shown on the chart.
PT are 58, 67 and 81.
i believe a stop loss should be placed at 45 or even higher like 48.
DYOR.
Roblox (NYSE: $RBLX) Looks Like A 'Strong Buy' Here!🤖Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.
$RBLX bounce to $80-94?$RBLX looks to be putting in a short term bottom at the bottom of this structure.
I'm anticipating a breakout of the structure from here and looking for a target of $80. From there, I lean towards a retest of the structure before seeing continuation higher.
Roblox is oversoldI am of the belief that Roblox is currently oversold and will squeeze back to the 60-70 dollar range.
We are also at the bear extension, 1618. A common place for shorts to take profit.
Also looking at a wedging into that support.
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After IPO-Bulltrap CompletedHello, i stumbled over Roblox Stock and its freaking overvalued at currently 67 Billion Market Cap!
For Comparison EA Games has a market cap of 35B.
There is a pattern in hyped IPO´s i noticed:
After the overpriced listing there is a Bulltrap before going in a deep correction ---> See Robinhood, Coinbase, C3.ai Charts, they all had a short bullrun before absolute tanking downwards.
Roblox just had this shorttermed bullrun and should soon dramatically drop.
It has tightening Bollinger Bands on the Daily, i expect another lower highs to my red short zone before dropping, thats where i suggest to go short.
As always i recommend to use sl altho im pretty confident in this.
DYOR and please leave a like =)
RBLX Reversal ?
Key points:
Shares crashed 23% in Wednesday morning trading to hit an all time low after the once-booming company missed on both ends with LPS of $0.25 (nearly double the $0.13 expected) on top of bookings that were up 20% to $770m, and revenues of $568.8m – FYI, bookings represent users committing to spend money, revenue represents money actually spent.
On the plus side, Roblox reported 49.5m daily active users, up 33% y-o-y. Now it needs to convert more of those users into bookings, which it earns when users buy “Robux” – a digital coin you can use to buy virtual items for their games.
“Nazi sex games” cast a dark shadow over the results. Yep, we really said “nazi sex games”. Earlier on Tuesday, a BBC headline hit the wires calling Roblox “the children’s game with a sex problem” after it was found that illicit activity is rife in some of the rooms on the platform.
Seems like it reversed around 43.00 - will see how it reacts to these level.
www.benzinga.com
Interesting Fact: Roblox’s in-game currency, Robux, has become reportedly worth more than the Russian Ruble following the country’s invasion of Ukraine. One Robux is worth approximately $0.0125 USD compared to the Ruble, which on Monday plummeted to $0.01 USD.
Good read.
Have a happy night.
RBLX - Short Term Target - 49%+Looking for RBLX to hit the Upper Bollinger Band.
Confirmation happened, can open trade, preferred entry $50.50-51.50.
Stop Loss $47.
Target Upper Bollinger Band (Currently $76.88) - Target will be dynamic.
By the way - this is not investment advice...
RBLX EARNINGS!-extreme growth within the past year
-Metaverse involvement creeds yearns for massive potential
-$63.06 massive support shows massive buy zone for investors
-102% increase in revenue year brodie year which is INSANE for a mid cap
-One thing to pay attention to is that they have a -24% profit margin. What this means basically is that they are utilizing cash to reinvest in their business which is why the numbers are negative good for long
-I am long long-term but I am looking for a pullback Monday comin down for a bit I see earnings going a bit
ROBLOX SHORT POTENTIAL DOWN TO 27$As projected through fibonacci retracement, and fundamentals forecast.
Trade on your own risk
strategy for RBLX friday 02/18/2022RBLX: sell zone ( 56.50 ) ( 56.00 ) bullish entry above ( 57.00 )
RBLX: buy zone ( 54.60 ) ( 53.50 ) bearish entry below ( 53.00 ) but possible rebound in this zone, the price is in the support zone
Getting Better Prices 🎯Earnings anticipation has bottlenecked RBLX. Falling Wedge suggest bearish break unless it's good news at earnings. Expecting break down a few points.
📌 Our target is the area Violet
