RBLX trade ideas
ROBLOX BREAKING OUT!!Clear technical breakout from the ascending triangle occurred today for RBLX!
Price target of $83 for RBLX in the next coming days!
RBLX one month predicted forecast09/04/2021
This is basic technical analysis only.
Please do not invest based on this one month predicted forecast.
Remember to do your own research and due diligence before purchasing this stock.
RBLX support & resistance
Support at $64.53
First resistance around $71
Second resistance around $78.44
Roblox likely to tumbleOur last forecast worked out quite well. I believe this company is still grossly overvalued and will probably tumble quite a bit further before it finds a true floor.
So it seams RBLX broke out from downtrend.
If market stays green (its Friday:)
I expect RBLX to gap down slightly to 66.50 for confirmation and if it holds then it should shoot up towards 78
If it brakes down from 66.50 then it was a fake out and it may do double bottom at 60.70, I expect from the upside.
WAQTCH SPY for clues today
Short term forecast for high priced ROBLOXI personally think this company isn't even close to the level of EA (Market cap of 37.53B) or Activsion/Blizzard (Market cap of 70.14B). It does have a little bit of a meme following so we could see surprise movements, although I doubt it.
$RBLX ROBLOX Corp On Support.
RBLX has found support once again on the Fibonacci Golden pocket for the 3rd time.
It may offer some potential for a bounce for reversal trade in the days to come.
Targets $70 & $72
Roblox is Number 1. Bye GME1: roblox platform creation game. ( like youtube or photoshop )
2: 1.5 billions ( roblox ) 1.7 billions (activision) 5.5 Billions ( EA Sport) = 1 year to roblox make 5.2 Billions ( they have 7.7 billions possible free creator of video game)
3: roblox have is own cryptocurency
4: everyone can create with roblox. even google apple microsoft activision ea sport. they will have their game in the platform of roblox and earn money.
5: unlimited possibilities of video games. ( data unlimited ) not only a few cercle of people for 1 game. everyone contribute.
6: 40 Billions stock market cap. ( 1 week on stock market only)
7: the youtube and netflix of video games !
*** WE LIKE THE STOCK ***
ROBLOXI like roblox...I see a cub and handle and an inverse head and shoulders taking place...either one you choose the target is still the same....I honestly dont think it will hold due to lack of interest and being pulled down by market
A speculative play !I have mentioned this in some of my trade posts before that from time to time, I would take on some speculative plays but would ensure that it is a small % of my capital base and win or lose, I would not add on till I gather more financial intelligence on the company.
Roblox is one of them that I am betting on!
Some news ( here , here and here )
While its revenue is explosive this year, we need to know if moving forward with the vaccination now in place and countries are slowly opening up, would tweens still be glueing to this game ? What are their options ? What will the company do to attract this segment of the market ?
The last article above throws some light that is worth investigating !
That is why I only allocate a small % to this company and would be watching it as it grows.......
$rblx 3d wave incomingPlease see 1st and 2nd wave already played out. I assume we are in the 3d wave which extends at the level $93
My #tradingview Win-win-win covered calls & naked puts on $RBLX This is my new go-to this year for options trading, I own shares in $RBLX, so as the share price goes up, my shares benefit....
Also since options just released for Roblox, they are all over priced, so I'm selling covered calls that expire in 3 days and collecting $240 each call.
Also in combination I'm selling a naked put expiring in 3 days at $65 (and I'm defs 100% ok owning RBLX at $65) for extra premium collecting.
Roblox - my nephew is playing so I boughtIt is my 1st idea. I am not professional. I studied by myself. It is only my hobby. I see it is going slowly up.
