RBLX trade ideas
Roblox. Buy? Sell?Hello, everybody! And welcome to my profile @HankGamez47. I'm a young, specifically an 11 year old boy. I am interested in stocks.
Anyway, I'm here to tell you my predictions on this stock. Since I get a lot of hate on cryptos I'm trying out a non-crypto stock.
The stock I'm talking about today is my favorite video-game and is a newer stock. It's called Roblox!
Many people have bought this stock. Even a gaming YouTuber bought this. Ok, now to actually talk about the stock.
The Reason To Buy Roblox: Roblox is soon having a thing called an "earnings report". It's where it tells them how much money they made.
It comes out August 16th 2021 and its expected to be good, but u can never really trust a prediction. AND NO THIS IS NOT A PREDICTION, IT'S FACTS.
Anyway when the earnings report comes out it will most likely skyrocket for a couple days. Then it will come back down and maybe something will happen
like they made a trade and gained a couple million dollars. Or maybe something bad will happen like a lawsuit which whey are in right now.
If they lose this lawsuit then their stock will go on a bear run. By the way the law suit is suing them for around 200 million dollars.
THAT'S A LOT OF MONEY. Their net-worth is around 2 billion dollars, as of August 2021.
Well if you read all this then thanks for reading! Please like my idea!
RBLX - Long - Bullish Breakout Falling Wedge, MACD, Fibbonaci Retracement -- possible Bullish Breakout
A falling wedge on the 4H formed towards the latter end of July. Fibonacci retracement of the price leading up to the wedge suggested that the lowest point of the wedge would be around 72.62 (78.6%). MACD on 2H broke its trendline (but not on 1H). Fibonacci retracement from lowest to highest point in wedge suggests take profit at 92.08 (61.8%) with potential to reach 97.13 (0.786) based off of wedge height.
DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations.
WATCHING $RBLX for Entry Target @ 79.13WATCHING $RBLX for Entry Target @ 79.13 - Looking to buy in tomorrow.
I actually do really like this company. I'm super bullish. My opinion and please use your own discretion.
————
I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll repost with new entry.