R2BL34 trade ideas
RBLXAre we forming the right shoulder? Keep and eye on the pullback zone, let's see if it holds......
Long $RBLX pt 2Trend is up,
Higher low established.
as long as trend remains intact:
98 nearterm
118 mid term
not financial advice.
RBLX Reversalbounce on 50DMA - Long RBLX
both NASDAQ:UPST and RBLX are on reversal stage. will add more position when it dip.
Is RBLX a buy?It could be but a more strategic entry is close to $77 where stop loss could be very tight.
A trading idea on RBLX! 👍RBLX is one of the stocks I’m looking at right now, it seems we could have a buy here (very risky one, but it is interesting).
We have a pivot at 83.36, and this could reverse the trend on RBLX, if triggered.
The problem is that the 4h could be more oversold. The RSI is not that low, and we could hit the 77 area, as this is a support level for RBLX.
But we have the beginning of a possible reversal here, especially if RBLX triggers the pivot mentioned above.
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See you soon,
Melissa.
$RBLX Just retraced to the 0.618 golden levelHas been on a two week downtrend and is just touching the golden retracement level. Wait for a rebound and confirmation to get back in
RBLX back to retest 100! RBLX Daily TF
Roblox on discount, as price continues to drop due to a decline in active users. After a massive rally to ATH its only right we see a pullback before the rocket takes off again. Has a bit more room for a golden retracement to .618 level (76.96). Wouldn't jump the gun on calls just yet unless downtrend is broken which signals reversal or we get a dip to 76 level.
Targets: 90, 103, 117
Trade idea:
76-80 scale in month out calls atm/otm, full entry on the breakout of downtrend
Shares - safer option as well
RBLX - oversold/golden pocketRBLX is a name I missed the first time around, can't play all the names, but looks like another opportunity is here. Another golden pocket bounce would play out huge. The best way to play it in my opinion is again a starter position with the expectation of adding into the golden pocket. Clear stop loss would the a loss of the .707 ($75). I don't think this name is done and expect all time highs soon if this holds.
RBLX Swing or Long TrermRecent IPO RBLX experienced a nice breakout from it's IPO base. It is now pulling back a long from the key area within the demand zone could be considered.
RBlX BUllCatching support in key area with divergence spotted
With recent up tick in rblx use, I see this going back to AVG 95.04
Roblox Possible ReboundRBLX could rebound from 0.6 Fibo Retracement supported by hypothetical rising channel.
RBLX longRBLX at 82.80. Looking to test new support 78.00 and bounce up. Playing the two gaps in the volume profile. Take profits at 83.00 (.382FIB) and 86.00 (.5FIB). Cathie Woods picked up 134,250 shares so why cant I ?
Is Roblox ready for a pullback?It's been a great run for RBLX since coming public. For almost 15 months, we've all been stuck at home playing video games and investing in meme stocks. Unfortunately, the company released an update today which Wall Street didn't like very much. A 28% YoY increase in active Roblox gamers for the month of May seems like pretty good news to me. Unfortunately, it's a decrease of 1% from the month of April. Yeah, so... maybe a few of us want to get out now that we don't need to wear our masks?
I'm a bull at heart but when I see this chart, I want to short this stock (at least short-term). What do you guys think?
