Looking bullish in the near future for RBLX!Thank you as always for watching my video. I hope you learned something very educational. Remember! Trading is very risky. Only risk what you are willing to lose.
Rblxlong
more upside to come ? RBLX Looking at the weekly chart i nocitchs a double bottom setting up so im keep my eye on this for some time to come it still have away to go before it make it to the breakout level of $54 so put this one on your list
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.
Roblox breaking out? Roblox
Short Term
We look to Buy at 35.79 (stop at 30.79)
We look to buy dips. The trend of higher lows is located at 32.90. Previous resistance level of 36.00 broken. Posted a Double Bottom formation. Further upside is expected although we prefer to set longs at our bespoke support levels at 36.00, resulting in improved risk/reward.
Our profit targets will be 52.84 and 66.00
Resistance: 53.00 / 70.54 / 75.00
Support: 36.00 / 22.50 / 15.00
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RBLX Serious Bounce PotentialPrice has poised itself above this channel that has formed
A comparison can be made to a previous price point that is very similar
I expect we will see a comparable bounce (oval)
This is further emphasized by the RSI
RBLX - RobloxDoubled position size today as RBLX came through the highs on good volume. Stop loss raised up below the most recent swing low, as well as the PEG day anchored VWAP & the anchored VWAP from the double bottom.
Roblox Analysis and Market Prediction Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
RBLX stock has been having a great Bullish movement in the last 2 weeks where the price jumped up from the $82.23 and reached $140.55 level today, That is a 70.9% increase in under 3 weeks.
The long and short-term trends are both positive. This is looking good!
RBLX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Possible scenarios for the market :
The market today started on a higher level at the $140 level and dropped after hitting the resistance line located at $139.10. We could be seeing a small correction for the market that could reach the $119.78 support or even the $111.69 level, But looking at the stock from a technical point of view we notice that a lot of the indicators are giving Bullish signs, which means we will probably see a battle happening at the $119.78 level between the Bears and the Bulls and the winner will determine the outcome for the market.
If the Bulls were able to gain control back then we will see the price bounce from that level and reach the $140 level again before going even further to the resistance level at $160.64.
If the Bears were able to hold control then we will be seeing the second support at $111.69 being reached before the price go back into a Bullish trend.
Technical Analysis Show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 71.06 trading in the overbought zone, which could indicate a small drop.
3) The ADX is at 52.22 showing a super trendy market with a positive crossover between DI+ and DI-
Support & Resistance points :
support Resistance
1) 129.44 1) 139.10
2) 124.16 2) 143.48
3) 119.78 3) 148.76
Fundamental point of view :
The Revenue has grown by 118.98% in the past year. This is a very strong growth! An Altman-Z score of 18.05 indicates that RBLX is not in any danger for bankruptcy at the moment.
Roblox is also creating a $10 million fund dedicated "to bringing high-quality educational experiences to Roblox and to support educators in using Roblox Studio in their classrooms". The company has major plans to use Roblox Studio to help teach "computer science, design, and development courses" to millions of children.
Roblox plans on expanding the whole economic system that was built around gaming into other economic activities like "high quality immersive brand advertising that is native and authentic". Advertising is only the start because ultimately shopping in virtual stores could make its way on to the Roblox platform.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
RBLX don't miss the breakout!RBLX 4HR Chart
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TA
Nice bounce off 74-75 level with a nice retrace to the .618 of may lows & june highs (63.97-103.92). Filled the gap at 76.33 w/ a nice symmetrical triangle setup. Strong movement started today for breakout to the upside for a confirmed reversal. 76-78 dip I'd look to go long, targeting 100+.
Key Levels
Support: 74.60, 76.36, 79
Resistance: 82.45, 89, 93.50, 95.95, ATH
Ways to play:
1. Shares
2. Atm/ otm calls 2 weeks+ exp. contracts
volatile ticker and able to play 1-5 points otm, the further the strike I do recommend more time
RBLX Reversalbounce on 50DMA - Long RBLX
both NASDAQ:UPST and RBLX are on reversal stage. will add more position when it dip.
RBLX back to retest 100! RBLX Daily TF
Roblox on discount, as price continues to drop due to a decline in active users. After a massive rally to ATH its only right we see a pullback before the rocket takes off again. Has a bit more room for a golden retracement to .618 level (76.96). Wouldn't jump the gun on calls just yet unless downtrend is broken which signals reversal or we get a dip to 76 level.
Targets: 90, 103, 117
Trade idea:
76-80 scale in month out calls atm/otm, full entry on the breakout of downtrend
Shares - safer option as well
