RBLX is stuck between a rock and a hard place here, with the trade favoring the downside.We're coming up on an overhead resistance at 64.5, while also running into heavy trendline resistance established all the way back in November.
I personally think we reject and visit 60 this week, though there's also a possibility of a double breakout which could lead us up to 70, and then 77.
Breakout is validated above both trendline supply, and general 64.5 resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.