MY MINIMALIST ANALYSIS FOR $RBLX ROBLOX10.6.21 0509H PACIFIC
MY MINIMALIST ANALYSIS FOR $RBLX
ALERT: ENTRY
HOW TO USE MY CHART
Indicated are key support and resistance levels using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, tho, you can use it.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/TOP-UP AREAS.
You must watch out for Chart Patterns, Divergence, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
This CHART is best used without indicators. Price action, candlestick/bars, and FIBS alone will be sufficient as a major deciding factor for this CHART.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
Thank You for your appreciation and support.
RBLX
RBLX Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
RBLX: Potential multibagger!A big company with lots of potential! Fundamentally, I think it has captured lots of upside. As it continue to grow, might even be bought out by big corporations like Microsoft.
Anyway, back to technical analysis.
Broke out of a down trendline back in the beginning of August, and an exhaustion gap right at the trendline! Market wasted no time in closing the gap within the same day.
Looking to enter at this retracement.
Entry = $85
Stop Loss = $82
TP1 = $90
Mainly to hold long term.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
RBLX: Crucial point at $90Strong break of the flag on RBLX, yesterday price action was solid. A break of $90 and I think we could see a retest of previous highs around $94. $90 is crucial point to see if it could hold the trend or else rejection might happen. RBLX is one of Cathie's Wood favourite stock as well.
$RBLXRoblox Corp stock has gained over 20.01% since Wednesday, March 10, 2021 when RBLX began trading.
The average rating from Wall Street analysts is a Buy.
In addition to the average rating from Wall Street analyst, RBLX stock has a mean target price of $87.60.
But in saying that, the stock has formed a falling wedge on the daily chart with a possible retest before continuing up..
Keep your eyes on this stock for a continuation..
- Factor Four
RBLX BreakoutFrom a purely charting perspective, this is a textbook setup for a breakout to the upside. One month full of consolidation, and now the chart is painting higher lows and clearing moving averages.
Aside from a heavy supply zone @ ~$86-87, a clear break and close above that level this week should send RBLX to $100+ in the ensuing weeks.
$RBLX: Roblox has massive upside...$RBLX has come a long way down and found support at previous accumulation levels, we had a nice jump, as bulls expect earnings to go well. I'm bullish on the in game economy and the popularity of the game rising periodically. I do like the chart a lot here as well, and reward to risk is very good, so a buying opportunity on dips is in the cards. Keep an eye on it, if you are up for the year, you can risk buying before the earnings report, if not, wait to buy the next dip into support AFTER the earnings report is out of the way.
Best of luck,
Ivan Labrie.