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Roblox

$RBLX: Roblox has massive upside...$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.
NYSE:RBLXLong
by IvanLabrie
1
Roblox. Buy? Sell?Hello, everybody! And welcome to my profile @HankGamez47. I'm a young, specifically an 11 year old boy. I am interested in stocks. Anyway, I'm here to tell you my predictions on this stock. Since I get a lot of hate on cryptos I'm trying out a non-crypto stock. The stock I'm talking about today is my favorite video-game and is a newer stock. It's called Roblox! Many people have bought this stock. Even a gaming YouTuber bought this. Ok, now to actually talk about the stock. The Reason To Buy Roblox: Roblox is soon having a thing called an "earnings report". It's where it tells them how much money they made. It comes out August 16th 2021 and its expected to be good, but u can never really trust a prediction. AND NO THIS IS NOT A PREDICTION, IT'S FACTS. Anyway when the earnings report comes out it will most likely skyrocket for a couple days. Then it will come back down and maybe something will happen like they made a trade and gained a couple million dollars. Or maybe something bad will happen like a lawsuit which whey are in right now. If they lose this lawsuit then their stock will go on a bear run. By the way the law suit is suing them for around 200 million dollars. THAT'S A LOT OF MONEY. Their net-worth is around 2 billion dollars, as of August 2021. Well if you read all this then thanks for reading! Please like my idea!
NYSE:RBLXLong
by Ag3ntH47
6
RBLX - Long - Bullish Breakout Falling Wedge, MACD, Fibbonaci Retracement -- possible Bullish Breakout A falling wedge on the 4H formed towards the latter end of July. Fibonacci retracement of the price leading up to the wedge suggested that the lowest point of the wedge would be around 72.62 (78.6%). MACD on 2H broke its trendline (but not on 1H). Fibonacci retracement from lowest to highest point in wedge suggests take profit at 92.08 (61.8%) with potential to reach 97.13 (0.786) based off of wedge height. DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations.
NYSE:RBLXLong
by DecentraNet
RBLX don't miss the breakout!RBLX 4HR Chart --------------------- 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
NYSE:RBLXLong
by jUiCE_Trades
Another trade on RBLX? 🤑🤑🤑I did a public trade on RBLX last month, which was a very good one, and now this one is back to almost the same price level I traded it on June21! This is interesting, but it is worth to trade RBLX now? Do you believe that the line at 83.36 is still here? I didn’t move it since last month, yet it is still making a support us. And some people don’t believe in TA… If we lose the 83.36 then we’ll see a pullback to the 77 – 78, but if we see a good pattern around here, it’ll be just another chance to trade RBLX! We have no confirmation in the 4h, but it seems we have a small hammer. This could be the beginning of something great. I’ll keep you guys updated about this. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:RBLX
by UnknownUnicorn21312077
1
A trading idea on RBLX! 👍RBLX is one of the stocks I’m looking at right now, it seems we could have a buy here (very risky one, but it is interesting). We have a pivot at 83.36, and this could reverse the trend on RBLX, if triggered. The problem is that the 4h could be more oversold. The RSI is not that low, and we could hit the 77 area, as this is a support level for RBLX. But we have the beginning of a possible reversal here, especially if RBLX triggers the pivot mentioned above. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:RBLX
by UnknownUnicorn21312077
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
NYSE:RBLX
by jUiCE_Trades
2
ROBLOX 4H Doji + Triangle A doji appeared in the last 4 hours of trading of Roblox. Typically a doji reflects indecision within the market where buyers and sellers cancel each other out. When it happens at the top of a move it can signal a reversal. However, 4 hours isn't much to go on (I'd feel better on a daily chart) and these things appear a lot and often lead to nothing. So check for confirmation in the next candles. There is also a triangle forming and today was a new high completing the top line. Option 1 is a move higher once the triangle is broken, it could be after a slight move down (due to that doji) which presents a buying opportunity if the triangle holds. Not a super helpful chart, I probably should have just written "watch out for that doji" and left it there :)
NYSE:RBLX
by JBlack99
$RBLX Roblox Head and Shoulders Inverted Pattern$RBLX has formed an inverted head and shoulders pattern which is a short term bullish reversal sign. The stock has been fluctuating between $78 and $64 since IPO in March. The stock formed an inverted head and shoulder pattern and confirmed upward breakout yesterday crossing the neckline price of $75 per share. Left neck is lower than the right neck which is one of the main characteristics of head and shoulder pattern.The stock has tested the resistance line on 11 May but couldn't break above it. It made a partial decline forming a head and we know that partial declines or partial rises are usually a sign of the change in the trend. Volume has shaped U pattern which also pretty common in head and shoulder patterns. Even though there are strong signals and confirmations of a bullish trend I would suggest to wait for the final confirmation of resistance line becoming support line. If the stock breaks the resistance line and trades above the line for few days open a long position. 1st price target is $85 for the next 45-60 days. 2nd price target is $100 till the end of the year This is a new stock and statistics might be misleading. Overall the stock has a great potential as its a game changer in the gaming industry. Good luck and trade smart! (not a financial advice) Please like and share if you like my idea.
NYSE:RBLXLong
by faridisayev
2
Trading Idea - #Robloxshort-term BUY: Entry 67.90 /Target: 73.80 / Stop: 63.20 mid-term SELL: Entry 73.84 /Target: 59.40 / Stop: 87.38 Roblox offers a platform powered by user-generated content that is inspired by games, entertainment, social media, and even toys. All users of the Roblox platform have identities in the form of avatars that enable them to interact and express themselves as whoever or whatever they want to be. The company will publish its results for Q1 2021 on May 10, 2021. In the latest earnings releases, the company’s results were below estimates.
NYSE:RBLX
by Traderherz-Analytics
1
RBLX back to 75+?RBLX 1HR Timeframe - RBLX had a nice breakout of the downtrend 2 weeks ago and a rally to new highs, price has seen a nice correction, retesting that downtrend and bouncing perfectly. Some bullish option flow coming in and with this strong close today at high 71 level, we could see a possible impulse move to 75+ by end of week. Currently has some strong downtrend resistance (green line). A break over 72-73 level and hold would confirm a reversal to the upside. If we see see a slight sell off during pm I will look to buy the dip for some weekly call options. Under 69.16-68.60 would indicate more downside. Keep in mind there is a going to be lots of volatility (short term) with this name. Currently holding 71C, 75C weeklies, 70-77 weekly calls (lottos, high R/R), next week or May contracts would be safer don't recommend leaps on this just yet.
NYSE:RBLX
by jUiCE_Trades
1
Direct Listings: An overview of opening day patternsOn 4/14/2021, Coinbase went public with the ticker NASDAQ:COIN . This was a pretty heavily-anticipated listing if for no other reason than that there aren't really any other crypto exchanges you can buy that are traded on a major US exchange. There are some OTC options, but when it comes to a symbol that trades on a US exchange this is a big milestone. Tons of people scrambled to buy into the listing right when it went live and ended up closing out the day reasonably red. Even people who are experienced traders jumped in and ended up closing out for a loss by the end of the day. So what happened here? Why did the stock go down with so much hype, why are there so many insiders selling, and really what even is a direct listing? What is a Direct Listing? With a traditional IPO, a company works with an underwriter (typically a bank or large financial institution) to put together their initial stock offering. This usually involves a road show where the company's representatives will travel around drumming up investment from institutional investors prior to the stock going live. On IPO day, the underwriter facilitates the transfer of these pre-IPO shares to the institutional investors they snagged during the road show prior to the stock going live on secondary markets (where you, the retail investor can buy in). There is also a lockup period in an IPO that limits selling and hedging on the stock for specific holders until a set period of time has passed. A direct listing is when the shareholders of a company decide to sell shares in the enterprise directly to secondary markets without the help of an underwriter. With a direct listing, none of the road show stuff happens and there's no real lockup period unless that's specifically negotiated internally at the company. The company sets a reference price for the stock and on listing day the stock is just listed straight to secondary markets. With both a traditional IPO and direct listing, we're usually looking at around 10% of the company's stock being up for sale. With a traditional IPO, the underwriter often buy all the shares being offered directly from the issuer and then be responsible for selling those shares. With a direct listing, shareholders sell their shares to the market directly. What happened with Coinbase? What happened with the Coinbase direct listing isn't new or weird. It seems to happen more or less with every direct listing. I went back and got some charts for some of the big direct listings that have happened over the past year or so and it happens to varying degrees more or less every time. Here's NYSE:RBLX : Here's NYSE:PLTR : Here's NYSE:SPOT : Here's NYSE:WORK : Out of all of these, Roblox fared the best the fastest after going live but still had the same end of day drop as Coinbase. Slack had the worst performance and didn't bottom out for months. So it's a pretty common phenomenon that direct listing stocks are probably a bad idea to buy into on the first day they list. The question becomes why. Market Mechanics and Direct Listings As I've said, with a direct listing the shares are coming directly from existing internal shareholders of the company. So in a market, there needs to be a willing buyer and a willing seller. In this case, there is an avalanche of selling that happens when the stock goes live and this has the kind of impact you would expect from a roughly 10% selloff of internal shares in a company. It makes the stock go down. Once the stocks are out in the market, it's up to the market to decide what they're worth. That could be more or less than the reference price set before going live. However, this selling has to happen by the very nature of what a direct listing is and this (among other technical factors) is a giant part of the reason why direct listings often end up red on the days they go live on the market. So when you see stuff in the news about insiders selling some insane number of shares on the day the company does a direct listing, take it with a grain of salt. Chances are substantial that it's really just the normal kind of selling that is necessitated by this type of stock listing. I'm not saying that you should trust the CEO of Coinbase blindly and assume he'd never do wrong. But even in a world where this wasn't how direct listings work, the amount of heat it would bring down on him to just liquidate his entire ownership stake in a company he just brought public in some kind of "offloading the bags" scheme would be extreme. The incentives aren't there. Summary Based on averages alone, even if you knew nothing about the market mechanics of direct listings, it doesn't appear to be a smart move to buy into a directly listed stock on the day it starts trading. There is too much downward selling pressure involved and all the price discovery starts on opening day so volatility is expected. If you're interested in following along with the other stuff I do outside of TradingView, definitely make sure to follow my Substack and my Twitter (details in my signature space at the bottom of this idea). As with everything I write, remember that this is just my observations and that you should not assume that everything is perfect or works the same way every time. Trading is a risky thing to do and no matter what you're always taking risks when you trade, so keep that in mind.
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by SwingTradeAssassin
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