Roblox (NYSE: RBLX) RRoblox is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for RBLX in the report.
Price Momentum
RBLX is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a buy opportunity for the stock.
RBLX
Bullish on RBLX.
As you can see here on the 15-minute chart we are in a channel. I drew this channel on the hourly time frame. We have recently formed a double bottom on the daily chart and we had a massive green day today. I am looking for a breakout and retest on the resistance-turned-support bounce with high-volume calls. As always thank you for reading my analysis.
RBLX Inverse Head & ShouldersRoblox has seen a move higher with gaming-related stocks this week on the heels of creating an inverted head and shoulders pattern. Price is trending above all MAs(8,21,34,50,100,200) wiht the short MAs rising and crossing above the long MAs indicating a short-term bullish trend.
The PPO indicator shows the green PPO line rising and above a rising purple signal line indicating short-term bullish momentum. Both lines above the 0 level and rising indicates intermediate to long-term bullish momentum.
The TDI indicator shows the green RSI line rising and crossing above the 60 level which indicates a short-term bullish trend behind price, as does the RSI line trending above the purple signal line and trending in the upper half of the Bollinger Bands. The RSI line trending between 40-60 levels indicates an intermediate to long-term bullish trend behind price.
Assuming that price continues to move higher and closes above the neckline in the $48 area, a measured move will put our price target at $69. Measurement is taken from the lowest point of the head to the neckline which is roughly $21. Add that to anticipated opening price around the $48 above the neckline and we get $69 as our target and take profit level.
Buy price for me was at $43.34.
Stop-Loss is currently at $37.05.
I tend to wait for a close above the neckline before entering a trade, this trade was initiated a little early and prior to pattern confirmation making it a little more risky. Stop-Loss orders help to reduce risk, and on any single trade my total risk can never be more than 1% of my total portfolio; if I lose on a trade, the dollar loss can never be more than 1% of my total portfolio value.
RBLX Roblox Corporation Options Ahead of EarningsAnalyzing the options chain of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-6-16,
for a premium of approximately $2.46.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
4/17 Watchlist + NotesSPY - Last week we went 4/5 on predictions with SPY. Friday I said I wanted to see a push higher, which we did end up getting before closing as a failed 2U on the daily. The daily candle was decently neutral, but still is bearish due to it being a failed 2U. Going into Monday, I am hoping for some downside. We retraced over 50% of Thursday's range which leads me to believe we can create a compound engulfing day by breaking Thursday's low at 407.99. I am overall pretty neutral going into Monday because I think we closed strong on the week and could easily test last week's high. I think we have more reasons to be bearish on Monday though, which could make the week play out in a way where we see initial pullback or consolidation before testing weekly highs. At the end of the day, you can't and shouldn't fight the trend, so keep that in mind for the week. As we push into the 2nd half of the month, we can expect price action to be less volatile. I think this week will be very evident of whether we want to push to the 420 area, or begin a larger reversal. With the FED admitting they expect a recession in the fall/winter, I am curious to see how the markets will react as time progresses from now till the end of the year.
Watchlist:
I am starting a small challenge account this week, so the plays on my watchlists will be slightly different than my normal lists and main watches. As always though, I will keep the scanner for weekly and daily setups in the photo on my idea. Just look at potential 3-1 and potential 2-1 to see all setups. With that being said, I will keep an eye on everything on my scanners, but here is what I am specifically watching for tomorrow:
RBLX - 3-1-2 Rev strat - Bullish
PEP - 3-1 daily and 2-1 weekly - Neutral
MSFT - 2-1 Daily + Broadening Formation on the daily: Neutral
KO - 2-1 Daily + BF on daily: Bearish
PG - Same thing as KO and MSFT: Neutral
COST - 3-1 Weekly - Bearish
CAT - 3-1 Weekly - Bullish
Main Watch:
TSLA - Was last Friday's main watch. Never broke out
RBLX - This setup is really good with minimal complaints from me. RBLX has been strong these past few weeks and I think it will continue to head higher. We are also sitting on a long rising trend line on the daily. What I am looking for is for us to break Friday's high and then target the high from last thursday to create a compound engulfing candle. This setup has potential to hit all the way up in the 53-54 range on a larger time frame, but for tomorrow we have solid potential for a 2-3% move on RBLX from entry. I will make a seperate post about RBLX with my charts for it because it would be a lot to explain otherwise so be sure to check that out. My Only concern with this setup is that it may need some pullback further before heading higher to follow suit with the broadening formation. This play will really be dependent on whether we break the high or low of Friday first, and also how much RBLX reacts to market movement assuming the markets follow our bearish bias. Just a few things to consider
Previous Main Watch:
PYPL: Winner. Ran over 250% from entry. Absolute banger
TSLA: Never broke out of 3-1 so now is 3-1-1 setup. Not a win or loss.
Stats From Last Weeks Watchlists:
4/5 Spy Predictions
4/6 Main Watch Plays
Top Winner: PYPL (250%+)
Personal Stats:
2/4 On the week
Overall Green
Kept losses small and wins big. Even with a 50% win rate we were still solid green on the week. Let's do it again this week
Personal Notes from this week:
- Patience is key to success as evident by my trades this week.
- Broadening Formations are incredibly accurate on bigger scales. Cannot recommend researching Broadening Formations enough. They are a cheat code to trading
RBLX - Rising Trend Channel [MID TERM]- RBLX shows strong development within a rising trend channel in the medium long term.
- The stock is testing resistance at 47.
- Volume tops and volume bottoms correspond well with tops and bottoms in the price.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
RBLX - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨( RBLX ) Roblox Corporation🚨
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 WKLY Block Buy 8.5:1See chart. Could take out the SL but that 21.40 is where mine would be. This is for demo purposes only. NOT A TRADE CALL - wkly blocks if buyers step in this is a good place. I would look for a TRUE ENTRY on the lower TFs for better entry point - 60/15 are the bread and butter for a FVG setup to form and give the signal. I will trade this with paper only.. do not like these atm -- very speculative. RR is super nice though.. Lets see
Roblox A downward trend broke out!Hello everyone,🙋🏾
⭐️Here again, Romluck with a new trading idea, Trade inside the channel.💡
⭐️ About Roblox Corporation develops and operates an online entertainment platform, The company was incorporated in 2004 and is headquartered in San Mateo, California.
⭐️David Baszucki is the founder and CEO of Roblox.
What I see:👀
A downward trend broke out👍
Supported on trend lines👍
Trade inside the channel👍
After a drop of about 80%, the downward trend was broken and now we are shuffling sideways.
First support at $29.
First resistance at $38
followed at $48.
An expected profit of about 20 dollars per share
⚠️Don't get excited! Do not be tempted! Easy money only exists in dreams and movies!⚠️
You need to make an entry and exit plan and a stop loss!
I chose to use a moving average of MA150 days back, it is recommended by many analysts and for the medium-long term work with MA150
⭐️ Want to be exposed to the stock indirectly? Choose an ETF..for example
METV - 6.8% Holding percentage in the fund
NASDAQ:VR - 6.4% Holding percentage in the fund
ARKF 1.54% Holding percentage in the fund
The trading ideas I find are after searching and investing time.
Thanks for the like and comment.⭐️
⚠️__🚧___🚧___🚧__🚧___🚧__🚧_🚧__🚧__🚧__🚧__🚧_🚧__🚧__🚧_🚧__🚧_⚠️
There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!⛔️
have fun💃🏿
Roblox in expanding wedge.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 31.33
Resistance: 38.00 / 40.00 / 42.50
Support: 34.00 / 32.00 / 30.00
Disclaimer – Saxo Bank Group.
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