RBLX trade ideas
$RBLX going 10% + pretty simple and straight forwardIm buying after $83.03 and will probably take profits around $90 this bullish idea only counts if it follows through up above that $83
MACD RSI looking good too sooooo... get ready for this smooth ride NYSE:RBLX
RBLX: Potential multibagger!A big company with lots of potential! Fundamentally, I think it has captured lots of upside. As it continue to grow, might even be bought out by big corporations like Microsoft.
Anyway, back to technical analysis.
Broke out of a down trendline back in the beginning of August, and an exhaustion gap right at the trendline! Market wasted no time in closing the gap within the same day.
Looking to enter at this retracement.
Entry = $85
Stop Loss = $82
TP1 = $90
Mainly to hold long term.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
RBLX Long to $90-95, Key Breakout and Options ActivityRBLX today (aug 23) has broken the daily SMA 50-200, where the price has been trailing under for the last 9 trading periods.
Watching tmr for a break of $85, thin resistance up to the ATH may lead to a gap up if the overall market holds.
Key targets are the fib golden pocket at $90, as well as longer term $100 PT for ATH.
These are supported by massive OTM call option volume today on the 90 and 95 strikes. (17 Sept 90 C, OI=3.4k, Vol=15k)
Near term risk to be aware of is IPO share lockup expiration.
I only post trades with high conviction over frequency, if you vibe drop that follow. GL
RBLX: Crucial point at $90Strong break of the flag on RBLX, yesterday price action was solid. A break of $90 and I think we could see a retest of previous highs around $94. $90 is crucial point to see if it could hold the trend or else rejection might happen. RBLX is one of Cathie's Wood favourite stock as well.
TrendyTrades: RBLX Inverse H&SInverse Head & Shoulders formation on RBLX popping out and retest a trend with a nice push up ahead.
$RBLXRoblox Corp stock has gained over 20.01% since Wednesday, March 10, 2021 when RBLX began trading.
The average rating from Wall Street analysts is a Buy.
In addition to the average rating from Wall Street analyst, RBLX stock has a mean target price of $87.60.
But in saying that, the stock has formed a falling wedge on the daily chart with a possible retest before continuing up..
Keep your eyes on this stock for a continuation..
- Factor Four
RBLX BreakoutFrom a purely charting perspective, this is a textbook setup for a breakout to the upside. One month full of consolidation, and now the chart is painting higher lows and clearing moving averages.
Aside from a heavy supply zone @ ~$86-87, a clear break and close above that level this week should send RBLX to $100+ in the ensuing weeks.
$RBLX - wave theory - PT's we could see if it breaks outRoblox looking to breakout, some wave theory PT's that could be seen if successful
$RBLX Building That Right SideWould love to see $RBLX sped 2 to 3 more days under that $86 level and maybe let that 50 MA flatten out and starting turning up. Good start breaking that downtrend. So its building that right side.
Watch RBLXKeeping a close eye on $RBLX here as it is testing the wedge resistance on the 4 hour chart. If we break out of $85/87, there is a potential upside to mid $90 (resistance from the end of June). Buyers are stepping in and RSI is moving above 50%. MACD is approaching positive line as well.
Roblox - Gaslit Stonk - Metavers FOMO*valuation matters. Decentraland $MANA, trying to piggyback the hype. STAY AWAY!
#cannabisreform Jobs & Justice..
Investing Ain't Easy. Epic Economics
RBLX about to Go ParabolicBuy: $77 - $80
Stop Loss: $75
No fundamentals taken into consideration. I just know the start of a parabolic move when I see one
Will history repeat it self? RBLX bullish and bearish scenarios For bullish case: Roblox had a massive run day after its earning report. There is a strong support around 72-75$ range, the down trend from after market sell off will create a nice double bottom and a nice retest for a triangle breakout. This could trigger bullish momentum where it could possibly test its ATH.
Bearish scenario; The price couldn't create higher high after bouncing off from 72$ support and creates a head and shoulder patter causing the the price drop to 62$ range.
I drew both bullish and bearish scenarios. If you have any stocks that you would like me to analyze, pls let me know.
RBLX: No games here in its pre ER setupRBLX: No games here in its pre ER setup
-ER reporting on Monday 8/16/2021 after close (watch for volatility & price reaction once Q2 report/guidance is delivered)
-Long sentiment dictated by prime setups:
-Continuation and break out of falling wedge
- Price action established over key MAs (9, 20) & reclaim above POC
- Participant activity at key Fibonacci derived levels
- Harmonic observation (XABCD Pattern, Gartley)
$RBLX GOING PARABOLIC?Watching this one either way this week! I expect Earnings volatility to be up!
Roblox trade setup$RBLX broke out above this intermediate-term trendline and is consolidating. Active traders can use Friday's candle for both an entry and stop. Swing trading in this market environment has not been working lately, but if you wanted to try, give it a little more room if it triggers. Possibly a stop around $78.00
Looking to play RBLX break and retestWaiting for RBLX to pull back and hold $83 range. If $83 holds $90+ will be the first quick target.
TrendyTrades: RBLX AnalysisHolding anchored VWAP, price at a good place here to go long. Two scenarios. If we drop, probably won't go further than 80.58 before bouncing.
$RBLX: Roblox has massive upside...$RBLX has come a long way down and found support at previous accumulation levels, we had a nice jump, as bulls expect earnings to go well. I'm bullish on the in game economy and the popularity of the game rising periodically. I do like the chart a lot here as well, and reward to risk is very good, so a buying opportunity on dips is in the cards. Keep an eye on it, if you are up for the year, you can risk buying before the earnings report, if not, wait to buy the next dip into support AFTER the earnings report is out of the way.
Best of luck,
Ivan Labrie.
