Roblox Corporation Levels of interest$RBLX levels of interest: 62$ - 50$ - 37$ - 33$
These are the supply and demand zones that act as support and resistance.
You must be aware of, Before buying or selling.
--TradeWise--
RBLX trade ideas
RBLX breakoutTook RBLX AUG 5 44C at the breakout from yesterdays post. It started breaking out in the last 30min of the day.
Above 42.80, JUL29 43C or AUG 5 44C should work if anyone wants to try today if you get an entry. More than likely we gap up because of AAPL AMZN
RBLX nearing explosive break outRBLX had some really good accumulation volume. Most of the down days are on lower volume compared to green days. Good sign that there is no distribution going on by institutions. Been consolidating here for some time now. The breakout could be explosive
Above 42.80, JUL29 44C should work
RBLX breakoutRBLX has been on fire! After taking a little break, it's tried to breakout through the 42-43 range 5 times this month. Let's go RBLX! MA's are curving upwards. 50ma will soon cross over the 100Ma which is a bullish signal also. 200SMA still high above but I think this stock is on a good way. My opinion hasn't changed. I'm long.
$RBLX, what are you setting up for?RBLX is setting up for something lovely. Come on baby! Time to fly.
RBLX AccumulationGood accumulation volume on RBLX. Going sideways after the initial break but looks good for next leg if ES can break 3950 and hold above it.
these bas formations after a good 70% drawdown from ATH’s looks really interesting. This is how stage 1 base breakouts happen for next bull run. Can easily see 47-50 if market holds.
Roblox Possible Long Out of ConsolidationI am interested in Roblox here as it is rising up and out of consolidation. For now, it is exhibiting a desire to stay above the recent consolidation range. I would like to take this RBLX long with a stop around $32 and a target at around $51.50. I will continue to watch the position accordingly. I do believe this is a trade to watch as we head into the August earnings report. NYSE:RBLX
RBLX As I was posting yesterday RBL ex was looking like a nice short seeing that we had so many resistance tabs at $38.85. Once we came close to there on the last test I loaded up my puts. We fell down To the .618 fib from that recent swing high to the low of the recent moves a couple weeks ago that we hit. The .618lands around 3550 area. So far we did test that and double bottom on the small time frames. I close half of my puts in that range but currently I’m watching this retest the horizontal trendline that we were using as support previously which now could be acting as resistance. Sort of looking like a Baarish rising wedge leading into previous support. 37. 70 is that range I’m looking for continuous rejection, before opening another short looking to break the .618 fib and head down towards 3315 area
Rblx I’m watching this like a hawk right now because I’m looking for a potential entry on a short position. If we look at what Roblox has done, we did make a beautiful double bottom after testing the $34-$32 range as well as a nice break out of a symmetrical triangle that around $32 we broke to the upside and we smacked our head against some pretty strong resistance. During this breakout we created an up trend channel and currently we are testing that support and clinging here patiently waiting to see if it’s going to be able to catch a bounce or if it’s going to fall back down and have to retest $32-$34 range. Personally I’m thinking this might end up turning into a beautiful short position. As you see the larger symetrical triangle have drawn which is basically drawn from a few weeks that area comes in at around $43. Watch this channel to see if we do get a break in a close below it because this could come in as a nice Swift drop to the downside if we lose it
$RBLX High volume high volatility +/-20% from 36.4Up huge last week from 23.8 to 36.4 almost more than 50% - the volume was huge on Friday which makes confusing. is it new money gets IN or someone was liquidating . so its better if straddle or starngle - odds more in favor of long bullish run - logical scenario to drop down to confirm 30s support then jump and breakout clouds to 40s level and targeting 60-66 at long term. but market still bearish and possible falling down to new low is valid too so any trade should be protected at this point. strangle between 36-37 will cost almost 3 and target at least 6 for next 2 weeks
RBLX and WTZ4RBLX just broke out trading range after it has been consolidating in the range for many weeks. I apply WTZ4 for trade setup and also use my favorite indicator (Awesome oscillator) for enhancing the competitive entry signal. The upper range of the next zone is expected target. Good Luck!
RBLX has been unstoppable. Perhaps 200DMA until earnings?RBLX is above all moving averages but the 200DMA, which is around $63. Earnings are in mid-August, perhaps RBLX can fly up there? There're some supply levels on the way and the stock must break through them but for now I'm long for a swing.
RBLX - trend reversed up?RBLX fomed a mini double bottom and had been reversing up, testing the neckline at 36.4 before eventually breaking above on strong volume 2 days ago (5 July).
It is now consolidating in a mini bull flag and the next breakup above 39 would increase it's odds of heading towards 50.
However a reversal below 33.90 would negate this bullish momentum.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Time for a trend start RBLXThis has been accumulating for a while, the risk long is pretty wide but could have some great reward.
Play:
Buying 40 strike calls October expire. Selling the 30 strike puts Jan 2023 expire to help offset the cost.
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
RBLX potential take profit target at 42 and 46Today RBLX run on a big volume potentially squeezing many shorts. I'm planning on taking a short position if it hits 46$ until then I will go long on dip.
$RBLX Breakout #fintwit#RBLX Breakout 🚀 in 1h Chart on above average volume - Target 49$ 🧲
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA ✅
2. Consolidation Phase in Uptrend ✅
3. Breakout on above average Volume✅
What Does a Falling Wedge & Roblox Have in Common?What Does a Falling Wedge & Roblox Have in Common?
I've played Roblox once and from what I remember, players build things up and tear things down. In line with the objective of the Roblox game, the falling wedge pattern falls prior to the price rising (or "building") again.
The Falling Wedge pattern was identified on RBLX weekly, daily, four hour and one hour charts.
My intention is to make the most of this trade by entering a swing position. Therefore, my initial entry will be above the break of the upper trendline or 37.00.
I am considering the following profit targets or profit taking levels-
PT1 53
PT2 61.91
PT3 109.81
Special note -I will also consider pivot points for PT as well.
*Risk Management- will include setting my stop loss below the low of the candle that breaks the upper trendline AND above 37.00. My starter position size will be relatively small to mitigate risks associated with entering a swing position. 80% of my position will be cut at PT1, 10-20% at PT2 (will be dependent on market conditions & price action of stock) and 10% or re-entry prior to reaching PT3 (will dependent on position status and price action).
Peace & Prosperity,
MrALtrades00
*This is not financial advice.
Roblox - long ideaPrice breaks out of the channel, need a confirmation - a correction before the extension into a potential wave 3
RBLX W pattern looming. Neckline 34.26. If we control this level for the coming days this will confirm the Fira bullish reversal. No need to rush in unless closing above 37$. I’d be watching for confirmed support on 34.26 personally but up to your tradinf style
Bearish Scenario for $RBLXDescending Volume on the daily Chart + Ascending triangle setup + Price under 100EMA = Bearish Scenario .
Let´s see how it works.
RBLX - Ascending Triangle in DowntrendWeak pattern here but just noting the development of an ascending triangle after a significant downtrend. Given the context this pattern could be considered a (bearish) continuation pattern. If it turns out to be bullish then there's some resistance not far above.
