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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