RBLX to fill downside GAPRBLX rejection @119.73 possible bear movement looking to fill gap to the downside.
First TP @109.26 for short moves
Expecting to fill gap @82-78
R2BL34 trade ideas
RBLX potential 100%RBLX looks like a cup and handle with low stochs on the daily, 3 day, and weekly timeframes. Metaverse/gaming/stocks play
RBLX Potential LongKeeping an eye on this one after a recent gap fill. After a large 43% decline over the last 3 months things may finally be shaping up for a long play on RBLX. The setup is promising with a strong intraday reversal on a bullish hammer bar on 1/10/22. Ideally I'd like to see it stabilize a bit more, form a floor around 86 and break trend higher before taking a long position. Regardless, an interesting opportunity in a promising sector. RBLX has experienced strong revenue growth over the last 3 years (despite negative net income due to high developer exchange fees), and although growth for daily active users in the US has slowed, it continues to grow outside the US, where there is a larger opportunity for expanding market share.
RBLX RSI Divergence. Could a big bounce be coming?Chart is showing an inflection spot for price action here. Needs a bounce before it breaks down.
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On my watchlist next week 🦉rblx sitting at a extreme trendline support, If it holds we should see a bounce to 86.29-101.36-116.10 in the near future, if we break below a test of last line of support (60-63) is possible.
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$RBLX - the gap has been closed! What's next?In my previous chart, I stated that the gap was going to close. Now that the gap has been closed, let's see how things can play out.
If we look at the chart to the left current area of $78 - $80 has been a good support. So there is a chance it can hold this time.
But due to the popular nature of the stock and wide swings in price, MMs may try to bring it down to $75-$70 area in stop loss hunt to fill large client orders on the cheap.
What will it be? I don't know.
If the support holds, we can bounce to $93 area.
If not, we can see $70.
One thing to note, the RSI for this stock has not seen over sold territory before. It is currently close to 33 where it has bounced before. We will see.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
BOUNCE RBLX seems to try and be basing here with large order flow. i would like out of this name with a decent amount of room to the upside. Ideally want to see this stay above the order flow around 79 dollar area and then begin to push up and base over the 80-82 levels to show signs of reversal. for definitive reversal a break of the downtrend with strength will be your strongest indicator. would love to get this ticker to test triple digits again. Resistance above is highlighted with the horizontal line
Not Financial Advice
RBLX, 14 Jan. Support at the End of the Tunnel.RBLX approaches an area of geometric confluence which indicates a potential support. Roblox has seen some insider selling, but also secured new funding and established web3 & metaverse partnerships in January.
Geometry:
The green support/resistance diagonals cross at $75.
Elliott:
We can count a completing ABC correction. The 78.6 fib retracement is around $73.
Oscillators:
The Stochastic is oversold since mid-December and due to move back up. The RSI is about to enter the oversold area.
Volume:
Declining volume signals a potential exhaustion of sellers.
How to trade it:
The idea is to try a long position in the area between the 78.6 retracement and the green trend line. If price continues to decline, a double bottom at $70 would be the next possibility for an aggressive entry. Indices, especially mega caps, must stabilize for a bullish environment for this idea to work.
RBLXRBLX is back within this wedge...while it is at a pattern completion zone at the end of it harmonic which could turn out to be bullish....it does have a gap to fill but as of right now the gap is acting as support....we will see
Elliott wave practiceThis is not financial advice. First attempt at predicting a wave. 1 - first impulse move. 2 - retracement that did not pass the start of wave 1, and is a zig zag pattern. 3 - extended impulse move. 4 - retracement that did not enter the territory of wave 1, is a wedge (different from wave 2), and because wave 3 was extended, tends to give back up to 38.2% of move 3. My prediction for wave 5 is a direct copy of wave 1 because if wave 3 is extended, wave 5 generally will be equal to the duration and magnitude of wave 1. Not quite sure how to fib out the correct extensions (wave 5 targets should be relative to wave 3?). If anyone has feedback, please let me know.
$RBLX Roblox gap close and go ? Roblox has caught some attention after reports showed Nancy Pelosi (greatest trader of all time ;) ) purchased JAN 23 $100 Call options back in DEC.
I like it because it appears to have completed it's downtrend , although not yet confirmed, since closing the NOV gap and putting in a higher low so far.
With heavy resistance at $95, bulls aren't out the woods yet... lot of supply above.
Technically there is major BULLISH divergence on the CMF indicator implying smart money is buying the dip. With a decent VP void above an idea would be :
SHORT TERM - trade up to the $95 resistance
LONG TERM - Follow the Trade Guru Pelosi and go Long leaps JAN $100 Calls, then sell shorter term calls against it on the up days (diagonal spread)
Fundamentally their revenue is projected to grow to almost $5B in 2024 and the average analyst PT of 11 analysts is $117 a share (well above the current price of $89 a share).
Let's see !
RBLX...gap covered. is downside over?Roblox Corp. has retraced all the move since the breakout of last November folliwing its earnings call. A couple of days ago it covered the gap (purple) left back then and has started to move higher. The Yellow line ($77) is the level to watch in the next few days, this area needs to hold in order to think that the correction is over and a break of the blue trendline could be confirmation of it. Keep an eye on the technology sector and other metaverse stocks for guidance while we wait for new signals.
RBLX: Double HarmonicsThis is an analysis that one of my followers asked me to check for him and look at here what we have.(thanks buddy)
A double combination of "Bullish Harmonic Patterns"
A beautiful combination that you can't see very often.
The price looks like it tested a strong support area close to 79.50
It looks like the price is already changing the direction.
Anyway, we need to be careful as the price is in a bearish daily trend.
Red Targets = For the Red Pattern
Green Targets = For the Green Pattern.
Please check the fundamental information of the company yourself before investing in any stock.
Thank you and Good Luck!
RBLXWe are still in the channel, a strong buyback from the fibo level and levels, divergence on CMF, RSI at minimum levels (relative to the history of this stock). In fact, the GAP was closed.
Yellow fibos are not in the logarithm.
Sold $SecPuts RBLXSold $secputs| RBLX 88 strike| for .45c| 3DTE, This is more so of Short Volatility and to Collect Theta (time) decay than a Directional play
RBLX - 1 hr Chart displays a a potential reversalWatching RBLX and there's been 4hrs of continuous buying.
Its up almost 6% from it's daily lows.
Its seems to have bounced off an historical support of $80 and there is clear divergence displayed.
Good Luck!
Roblox Corp target $220
The metaverse world in the Roblox corp.
Share has accelerated from $76 to $140. As the potential are still undermine with the large user base, any actualisation of Metaverse in Roblox game will accelerate its share upward movement.
In technical aspect, price of share is in an uptrend pending price to reiterate above $112 . As we have a gap up between $76 to $92. I would expect price to quickly dip (or it might not happen for now if upward momentum is very strong) and bounce back up in order to resume upward move to $140 followed by $180 and $220.
TP1 : $140
TP2: $180
TP 3: $220
Roblox - Hold with metaverse conceptPrice of Roblox has continue to fall with trend line resisted with a support at $60
This fall is classic gap covering from the previous gap one when price gets exhausted. This will allow new buyer to emerge around $60-$80.
Overall a long position will only take place when the price has consolidated with a. New base and break out of the current downtrend line . This will allow Roblox to potentially recapture $139 and extend to $220.
$RBLX $BA $NFLX $BABA I OptionsSwing WatchlistRBLX 30M I RBLX is trading within a bull flag and so far its making a higher low on the 30M time frame. On watch on a breakout from our current downtrend pattern.
BA 1H I BA made near a $15 move from our watchlist entry last week. Watching for a break out above $219 with volume, or a bounce at the support line of our channel.
NFLX 2H I Picked up unusual options activity betting on NFLX $560c 01/14 @ $3.39. We are seeing a bullish divergence on the hourly. NFLX reports earnings on 01/20.
BABA 1D I BABA has dropped more than 50% from ATH levels. We have a massive bull flag on the daily chart. We'll likely see a retest of the top of our channel before next ER.
$RBLX - Watch for break above 105 for calls- Weekly outside bar & 0.6 level
- Watch for break above trend line
RBLX H&S?Looks like the market is melting up which probably means this gets a gap fill for the right shoulder then down.
Just a guess, but I might buy some puts when it fills teh gap
