RBLX - RobloxDoubled position size today as RBLX came through the highs on good volume. Stop loss raised up below the most recent swing low, as well as the PEG day anchored VWAP & the anchored VWAP from the double bottom.
R2BL34 trade ideas
RBLX Long or Short (Risky)RBLX has the chance to reverse or continue downwards. Tight SL whichever way you play.
Roblox Analysis and Market Prediction Hello everyone, as we all know the market action discounts everything :)
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RBLX stock has been having a great Bullish movement in the last 2 weeks where the price jumped up from the $82.23 and reached $140.55 level today, That is a 70.9% increase in under 3 weeks.
The long and short-term trends are both positive. This is looking good!
RBLX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Possible scenarios for the market :
The market today started on a higher level at the $140 level and dropped after hitting the resistance line located at $139.10. We could be seeing a small correction for the market that could reach the $119.78 support or even the $111.69 level, But looking at the stock from a technical point of view we notice that a lot of the indicators are giving Bullish signs, which means we will probably see a battle happening at the $119.78 level between the Bears and the Bulls and the winner will determine the outcome for the market.
If the Bulls were able to gain control back then we will see the price bounce from that level and reach the $140 level again before going even further to the resistance level at $160.64.
If the Bears were able to hold control then we will be seeing the second support at $111.69 being reached before the price go back into a Bullish trend.
Technical Analysis Show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 71.06 trading in the overbought zone, which could indicate a small drop.
3) The ADX is at 52.22 showing a super trendy market with a positive crossover between DI+ and DI-
Support & Resistance points :
support Resistance
1) 129.44 1) 139.10
2) 124.16 2) 143.48
3) 119.78 3) 148.76
Fundamental point of view :
The Revenue has grown by 118.98% in the past year. This is a very strong growth! An Altman-Z score of 18.05 indicates that RBLX is not in any danger for bankruptcy at the moment.
Roblox is also creating a $10 million fund dedicated "to bringing high-quality educational experiences to Roblox and to support educators in using Roblox Studio in their classrooms". The company has major plans to use Roblox Studio to help teach "computer science, design, and development courses" to millions of children.
Roblox plans on expanding the whole economic system that was built around gaming into other economic activities like "high quality immersive brand advertising that is native and authentic". Advertising is only the start because ultimately shopping in virtual stores could make its way on to the Roblox platform.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
RBLX - Potential LongPrice has been extremely bullish, rallying nicely. Overbought massively on the RSI, hopefully gets to $110 and ill look to enter.
RBLXNice. We wanted a Metaverse catalyst, and we got it with Nike Land. We will see how this catalyst trails the bullish 15-day bullish marker line in the sand I have.
$RBLX Up or Down. Technical Analysis.$RBLX Roblox T/A
NOTES:
- $RBLX has hit the ATH Resistance line at around $138/s.
- Up-Trend after Earnings call.
Take Away:
- Watch the $RBLX next moves.
- If RBLX breaks the resistance line it will continue UP TREND.
- IF RBLX tests the Resistance line few times it will price correct to the nearest mid-support at $120/s
- There are 2 recent RSI Divergence that occured, recent one was on Friday close. WATCH for price correction within the next day.
Roblox Going Down?After during further TA on Roblox, I have turned into a short term bear. Fib extensions are showing a retracment back down to hopefully my price target of $110. I have already enterd a small short position and will add more coming into next week. Please let me know of any thoughts and critiques regarding my TA. Stop loss is $138.
~DJ
PS: I hope this post ages well
Updated idea for me to dollar cost average in. hoping to get in on a bounce off the 21 EMA, which is in confluence with the major support, trendline, .05 and .618 retracement level. I need to see signs of rejection off the trend line, EMA, or support level before getting in on this trade.
My buy in for RBLX to Dollar cost average my way inTrying to get in at a good price and catch a ride up
RBLX : 3Bar WatchRBLX 65m: Potential 3Bar setup here. Needs volume. RSI approaching upper limits as well. ATR: 7.36, Beta: 1.32
RBLX Intraday ContinuationRBLX Breaking out on insane volume investor conference was very interesting will be watching for a follow through on the bullish pennant, order flow from yesterday helped me with conviction now following price after taking profits
RBLX LONGWatching a 15-day bullish trend for the end of November. There is a 14-day trend line to the downside in Red.
New Highs mean blue skies. Added a Bullish Trend Line for the next 15 days. Staying above that and bounces of it into December can mean we might go higher, especially with all the RBLX Xmas money going to come in.
If it breaks that Bullish Trend Line, my marker is my downside trend line.
I'm looking two things only right now, Price action to bounce off the bullish trend or enter downside trendline.
$RBLX Trade Idea (High Alert)Will be watching $RBLX at the open as one of my main watches. Had great earnings with some good momentum on Friday. Looking for this momentum to carry on with a healthy market coming back into ATH.
Entry: 108
Targets: 110,112, and 117
Contract: 11/19 120c
Stop Loss: 15%
RBLXUpdate on RBLX since yesterdays post.. now trying to hold onto previous resistance as support and if it does so will see much higher.
$RBLX GOING FOR NEW HIGHS!???We shall be looking for a push here above ATHs once we make new highs there's no roof so this thing can take off insanely. On the other hands if she decides to pull back then we will see RBLX come down to around $100.44 ish possibly can come back down to $93 lows. Price direction shall easily be distinguished within the first few minutes of the market
RBLX LONGRBLX
Disclaimer - I'm never selling my 1 share haha, I bought it for my nephew in its IPO for his Birthday. Personally, I usually trade penny stocks and below 20.00. I picked this one because it has taught me more than a lot of my usual trades.
The first thing it taught me, was thesis building. I knew about this stock because every time I would visit my sister in the past years, all my nephew was doing was gathering on facetime and playing Roblox with kids at his school. Then I started to play with him and actually saw how many kids were hooked on this and not just hooked but they would print and sell their own characters among each other. It was just a new world.
The second thing it taught me to watch IPO for a Dip if I'm wanted to get in long or on a strong reverse.
The third thing it's teaching me is what is a bigger outlook and thesis for it? With the Metaverse news, is there anything that can happen with Roblox?
Right now I'm watching to see how it reacts to my drawings for its decision on what it wants to do.
RBLXGood play nonetheless to hold in the long term portfolio. Will mostly continue to grow with the way these kids love their video games and games that can involve creativity.
Long since 100$. Targets 120-140$.
RBLX - Roblox Corporation - JUST FOLLOW PRICES The metaverse is a hypothesized iteration of the internet, supporting persistent online 3-D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets. Metaverses, in some limited form, are already present on platforms like VRChat or video games like Second Life
Nasdaq:RBLX-Roblox Corporation - Let's play some game???Been tracking this stock for some time ..
Now time to take some entry
Share my details as blog beofe
Disc: Not invested, will next week as first trance or tracking position.
RBLX - Great Price Action with Breakaway GapRBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB).
The gap was partially filled before it quickly staged a strong rebound last Friday.
This chart has the hall marks of the start of bigger trend:
1. Strong breakaway gap out of a consolidation period and into All-time-high
2. Great volume since the breakup
It is likely that the near support is now at ~100, though conservative traders would put the initial stop loss just below it's recent pivot low @ 93.
Trail profits up for a bigger move or consider to scale out partially along the 1.618 and 2.00 fib extensions of CD swing up (~ @125 and 138 respectively) to protect profits.
Let's see if this trade works out!
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
rblx shortJUmp on revenue growth and buzz of metaverse buildout... RBLX above +2 sigma looking to drop towards mean/support around 90.50
RBLX Massive breakMassive symmetrical triangle in the works and flirting with a breakout.
Watching it above last weeks high, for a possible ER runup
RBLX - RobloxRBLX had a massive earnings gap, opening up nearly +30% from the previous day's close & closing out the day up over 40%.
It has since pulled back, making lower highs & lower lows until this morning. It made an equal low (that undercut the PEG day low) & has since made a higher high.
Bought a starter position. About 40bps risk with my stop at the double-bottom low. Will add to position if it gains traction.
