RBLX - Updated analysis for expected pullbacks and trade entriesThis is what we should see going forward if we want to continue with a healthy move up to retest orange tapered selling and beyond.
Happy Trading :)
- TraderDaddyOG
RBLX trade ideas
One word - RBLX! Our pick of the month is officially on its wayWhen I put out a video of this last week, the main reasoning was our sell-side tapering and clear liquidity building within our tapered orange selling channel.
We are now well on our way toward a HTF breakout and have a fully bullish outlook.
Happy for all who joined me on this move!
Happy Trading :)
- TraderDaddyOG
$RBLX Roblox Bearish to Bullish Reversal Trend Line BreakNYSE:RBLX Roblox Bearish to Bullish Reversal Trend Line Break. The technical analysis for Roblox indicates a transition from a bearish to a bullish trend, marked by a breakout above a key trend line. This reversal suggests a shift in market sentiment from negative to positive, potentially signaling further upward movement in the stock's price.
RBLX - Updated analysis to my Pick of the Month!I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S.
Stay tuned, Happy Monday, and...
Happy Trading :)
- TraderDaddyOG
RBLX - 25 R:R Trade opportunity incoming. + Massive Daily H&STapering Tapering Tapering!
Looking for a buying continuation activation and breakout of our controlled selling algos.
If you look on the daily chart as well, you'll see a massive (beautiful) Inverse H&S pattern forming.
Happy Trading :)
- TraderDaddyOG
Jade Lizard Trade Expiring Just Prior to EarningsNYSE:RBLX
'Jade Lizard' Trade (expires JUST before earnings)
Call Credit Spread:
+1 $44 call 5/3
-1 $43 call 5/3
Short Put:
-1 $37 put 5/3
Credit received: $253
Outcomes @ Expiration:
1) If share price is above $44, then $153 profit (close call credit spread for $100).
2) If share price is between $37 and $43, then $253 profit achieved (via credit received).
3) If share price is below $37, then I will be assigned to buy 100 shares @ an avg cost of $34.47/each. Next step: sell calls until assignment.
(With a jade lizard, there's no risk to the upside).
RBLX - weekly time frame analysishi Traders,
Let's have a look at RBLX on the weekly time frame.
RBLX has been in a accumulation zone since May 2022 when the price found a bottom.
However, the price has been getting rejected at the 47 $ resistance which is also a 0,786 fib level.
From another hand, the accumulation has last forever and not sure if we're going to get another retest of the bottom.
2 scenarios which are shown on the chart:
1. Buy at the bottom if the price goes down. Entry: 25-26 dollars.
Targets/take profit levels are shown on the chart (each fib level may act as a resistance so do not hesitate to take profit)
stop loss: 22-23 $
2. If the price breaks the resistance at 47 $ and retests and confirm this level as a support, you may take a long position.
Targets the same as in the Scenario 1.
If you're patient , 95 $ and even 110 $ may be reached, but it will take some time.
Cathie Wood’s ARK Stacks RobloxA World of Endless Possibilities
Roblox ( NYSE:RBLX ) isn't just a game; it's a universe where users become creators, architects of their own virtual realms. With its user-generated content model, Roblox ( NYSE:RBLX ) empowers millions to build, share, and explore immersive experiences. From bustling metropolises to fantastical realms, Roblox ( NYSE:RBLX ) fosters a sense of limitless creativity, inviting players to shape their own destinies within its virtual confines.
ARK Invest's Vote of Confidence
Amidst the digital renaissance, Roblox ( NYSE:RBLX ) has garnered the attention of seasoned investors like ARK Invest, led by the visionary Cathie Wood. As ARK dumps millions into Roblox ( NYSE:RBLX ) stock, signaling confidence in its long-term prospects, the platform's significance in the online gaming ecosystem is underscored. With each investment, ARK reaffirms Roblox's position as a pioneering force in the metaverse.
Expanding Horizons and Capturing Imaginations
Roblox's allure extends far beyond its gaming roots. Through strategic partnerships and innovative initiatives, the platform continues to push the boundaries of virtual entertainment. From virtual concerts to educational experiences, Roblox ( NYSE:RBLX ) transcends conventional gaming, offering a glimpse into the future of interactive media.
Empowering Creativity and Collaboration
At the heart of Roblox ( NYSE:RBLX ) lies a thriving community of creators, united by a shared passion for innovation and expression. Through collaborative endeavors and user-generated content, Roblox fosters a culture of creativity and inclusivity, where anyone can find their voice and leave a lasting impact on the digital landscape.
Charting a Course for the Future
As Roblox ( NYSE:RBLX ) charts a course for the future, fueled by ARK Invest's vote of confidence, the platform remains steadfast in its commitment to fostering innovation and fostering meaningful connections. With the recent launch of its self-custodial wallet app, Roblox ( NYSE:RBLX ) continues to blur the lines between virtual and reality, offering users new avenues for self-expression and financial empowerment.
Waiting for a Pelosi LongWhat a range we have here on RBLX. With higher lows into a strong resistance, Its certainly looks bullish, but we need to wait, and it may be quite some time we will be waiting for. You can range trade this of course, but we are tightening up now so its going to get a bit choppy.
$RBLXlooks good to reclaim 200 and move to first blue line
rsi curling up
dip to lower blue line is a no brainer buy
The Gap Between What Is and What Will BeThere are 5 basic ways to trade a Gap or any line. In this video, I discuss two ways to enter the market using a Gap before I make the trade plan. The Gap entry techniques by themselves are of little use, but if we make a few distinctions in market structure and the process of a swing cycle, they can become functional.
Swing cycles have a process that they go through. As long as we understand that process we can view Gaps in the light of where they happen in that process. I'm going to focus these two Gap entry techniques in the lower portion of the reaction leg at the bottom pivot of a swing. The Gaps are what make up the pivot portion of the swing.
If you observe markets and swings you will often see this distinct pivot portion of a swing, it looks like a U at the bottom of a reaction leg as the buyers wrestle control back from the sellers.
Shane
Consolidation Consolidation suport with trendlien resistence trend 📈
conformation up side
Target 1st consolidation resistence
Roblox ReturnsThe previous power earnings gap resulted in small consolidation and a wave upward. With another recent strong earnings followed by a small consolidation hints towards history repeating itself. This is a relatively safe mid-long term play. Best of luck!
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.
RBLX covered callNot quite 1%. BUT $45 is a STRONG roadblock. RBLX HAS BEEN trading sideways for a while.
The longer it chops around, the better for this covered call.
If I get called away at $50 - I will be profitable on this position.
RBLX covered calls I have some shares in my son Gabe's long term account. I am NOT scared if we sell them for a gain at $53
Buy low, sell high.
If your kid plays RBLX, get some money back....
ROBLOX Stock Chart Fibonacci Analysis 021124 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 48/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
ROBLOX GOING DOWNIt looks like roblox has gotten into some resistance and will most likely see a pullback. This pullback could only go a bit down and retrace to break the resistance or it could go back to the bottom of the support on the channel.
Is RBLX Finally Ready to Break the $48 PivotRBLX has been beatdown relentlessly since the covid top. Now down $100 from the peak, has been trying to break past $48 since October 2022. Now touch the pivot 5 times since then, and with 2 quarters in a row of positive earnings, it's looking increasingly likely it will happen. Made a PEG last earnings, and is now sitting above the major EMAs. Not the best name in the world, but if this breaks $48, it could move quick.
RBLX Roblox Corporation Options Ahead of EarningsIf you haven`t bought the dip on RBLX before the previous earnings:
Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.79.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RBLX - Another ER GapSee text on daily chart. TLDR; gap up on ER to top end of a huge stage 1 base. May need some time, but if it goes, it has potential to go far & go quickly.
Roblox Corp. (RBLX) - Is the shoulder showing the arm?The title under analysis is showing a newfound strength that will allow it to reverse the long-term bearish trend. An accumulation phase has indeed been created, dictated by the sideways movement that has given rise to an "inverse head and shoulders" or triple bottom pattern. This is further confirmed by the decreasing volumes on the selling side, which are divergent from the price.
By using Elliott Wave Theory, it has been possible to identify both the final phase of the ABC correction and the beginning of a new impulse wave 12345.
The entry signal in this case will be the weekly closing above the neckline. The target points will be as follows:
TP: $65 with a profit range between 46 - 50%. Once $60 is reached, it would be advisable to operate with a trailing take profit to exploit potential higher price levels;
SL: $34, the midpoint of the pattern.
