Roblox is oversoldI am of the belief that Roblox is currently oversold and will squeeze back to the 60-70 dollar range.
We are also at the bear extension, 1618. A common place for shorts to take profit.
Also looking at a wedging into that support.
RBLX trade ideas
Robolox Corporation USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
After IPO-Bulltrap CompletedHello, i stumbled over Roblox Stock and its freaking overvalued at currently 67 Billion Market Cap!
For Comparison EA Games has a market cap of 35B.
There is a pattern in hyped IPO´s i noticed:
After the overpriced listing there is a Bulltrap before going in a deep correction ---> See Robinhood, Coinbase, C3.ai Charts, they all had a short bullrun before absolute tanking downwards.
Roblox just had this shorttermed bullrun and should soon dramatically drop.
It has tightening Bollinger Bands on the Daily, i expect another lower highs to my red short zone before dropping, thats where i suggest to go short.
As always i recommend to use sl altho im pretty confident in this.
DYOR and please leave a like =)
RBLX Reversal ?
Key points:
Shares crashed 23% in Wednesday morning trading to hit an all time low after the once-booming company missed on both ends with LPS of $0.25 (nearly double the $0.13 expected) on top of bookings that were up 20% to $770m, and revenues of $568.8m – FYI, bookings represent users committing to spend money, revenue represents money actually spent.
On the plus side, Roblox reported 49.5m daily active users, up 33% y-o-y. Now it needs to convert more of those users into bookings, which it earns when users buy “Robux” – a digital coin you can use to buy virtual items for their games.
“Nazi sex games” cast a dark shadow over the results. Yep, we really said “nazi sex games”. Earlier on Tuesday, a BBC headline hit the wires calling Roblox “the children’s game with a sex problem” after it was found that illicit activity is rife in some of the rooms on the platform.
Seems like it reversed around 43.00 - will see how it reacts to these level.
www.benzinga.com
Interesting Fact: Roblox’s in-game currency, Robux, has become reportedly worth more than the Russian Ruble following the country’s invasion of Ukraine. One Robux is worth approximately $0.0125 USD compared to the Ruble, which on Monday plummeted to $0.01 USD.
Good read.
Have a happy night.
RBLX - Short Term Target - 49%+Looking for RBLX to hit the Upper Bollinger Band.
Confirmation happened, can open trade, preferred entry $50.50-51.50.
Stop Loss $47.
Target Upper Bollinger Band (Currently $76.88) - Target will be dynamic.
By the way - this is not investment advice...
RBLX EARNINGS!-extreme growth within the past year
-Metaverse involvement creeds yearns for massive potential
-$63.06 massive support shows massive buy zone for investors
-102% increase in revenue year brodie year which is INSANE for a mid cap
-One thing to pay attention to is that they have a -24% profit margin. What this means basically is that they are utilizing cash to reinvest in their business which is why the numbers are negative good for long
-I am long long-term but I am looking for a pullback Monday comin down for a bit I see earnings going a bit
ROBLOX SHORT POTENTIAL DOWN TO 27$As projected through fibonacci retracement, and fundamentals forecast.
Trade on your own risk
strategy for RBLX friday 02/18/2022RBLX: sell zone ( 56.50 ) ( 56.00 ) bullish entry above ( 57.00 )
RBLX: buy zone ( 54.60 ) ( 53.50 ) bearish entry below ( 53.00 ) but possible rebound in this zone, the price is in the support zone
Getting Better Prices 🎯Earnings anticipation has bottlenecked RBLX. Falling Wedge suggest bearish break unless it's good news at earnings. Expecting break down a few points.
📌 Our target is the area Violet
Roblox on its ay to fill the Gap..!The previous analysis has reached its target and now we need to update the outlook!
I think RBLX is moving toward the 77-70 zone!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
What is Anchoring? a Behavioral Finance phenomenonIf you have an investment that has experienced a decrease in value significantly, and you decided to keep and sell at your entry price, please read this article it may help you to make a better decision.
Before we go to the main educational point, keep in mind those who bought tech stocks at the market peak in 2000-2001, waited 15 years to get even..!
Educational Point:
Anchoring
The concept is part of the field of behavioral finance, which studies how emotions and other extraneous factors influence economic choices.
In the context of investing, one consequence of anchoring is that market participants with an anchoring bias tend to hold investments that have lost value because they have anchored their fair value estimate to the original price rather than to fundamentals. As a result, market participants assume a greater risk by holding the investment in the hope the security will return to its purchase price. Market participants are often aware that their anchor is imperfect and attempt to make adjustments to reflect subsequent information and analysis. However, these adjustments often produce outcomes that reflect the bias of the original anchors.
Examples:
1-DASH:
2-FB:
3-CVNA:
4-CRWD:
5- ZM:
6- COIN:
7-SPOT:
8- NFLX:
9-PTON:
10- RNG:
these are just some examples of stocks that lost more than half of their value in the past few months or weeks..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
RBLX 2/11/2022RBLX
Things been ugly since Nov. 2021.
After a series of lower highs there was a sharp drop and price goes into 1st bear flag.
Price continues downtrend from there.
Price breaks down past support area around 71.
Price has now pulled back to previous support level in form of a bear flag.
There is also a death cross further signaling the bear market.
Price is rejecting 20ema
Yesterday’s gravestone doji at resistance and 20ema is my que to enter.
Entering short trade
Entry: 66.70
Stop loss: 77.00
Target : trailing 10ema
RBLX Sell-off anticipated in the Options Market !!Before placing a strangle option on this particular stock, yesterday i was monitoring the options market for a possible outcome.
And it was extremely interesting to see that the high conviction trades were slightly bearish: 5.2K Puts and only 2.3K Calls yesterday.
And guess what happened at the earnings today:
Revenue: $568 million vs $604 million expected
Bookings: $770 million vs $786 million expected
Losses per share: $0.25 vs $0.11 expected
User growth: 49.5 million daily active users vs 50.1 million expected.
So following the "smart money" wasn`t a bad idea after all. :)
Now considering that Ark Invest bought the stock lately, i think it still has potential on the long run (Ark has a 5 year term targets compared to the usual 1 year analysts ratings).
Awaiting for a breakout for RobloxRead latest news here and here
It is still in the descending channel, no hurry to go long as yet as it meets the upper channel (resistance) and may react downwards. So, wait for it patiently to break out with a nice bullish pattern before considering going long.
RBLX RBLX RBLXNancy stock. It finally broke trend. If it holds it could move, ER on 2/15. It pulled back, I can see it retesting resistance, supporting at 65.4 to 69. If fallen below, I would exit and reenter at a better spot.
Resistance 84.64, 90.35
$RBLX swing trade*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been watching online video game company Roblox Corp $RBLX for the past couple of months. $RBLX and Facebook $FB are our two favorite Metaverse stocks long term. Gaming and social networking are going to very successful in the metaverse. $RBLX and $FB both seek to be dominate players in the metaverse field, and we for one aren't second-guessing these guys.
My team took advantage of todays dip and entered $RBLX at $83 per share. Our first target is $93.
OUR ENTRY: $83
TAKE PROFIT 1: $93
TAKE PROFIT 2: $100
$RBLX - Stuck Between a Rock and a Hard Place$RBLX is stuck between a rock and a hard place here, with the trade favoring the downside.
We're coming up on an overhead resistance at 64.5, while also running into heavy trendline resistance established all the way back in November.
I personally think we reject and visit 60 this week, though there's also a possibility of a double breakout which could lead us up to 70, and then 77.
Breakout is validated above both trendline supply, and general 64.5 resistance.
Bearish pennant into earningsEarnings anticipation has bottlenecked RBLX. Pattern suggest bearish break unless it's good news at earnings. Expecting break down a few points.
$RBLX $U $ROKU $TGT I OptionsSwing WatchlistRBLX 4H I RBLX will be reporting earnings on 02/15.
Taking RBLX $70c 02/11 on a breakout from $65. We can also wait on RBLX to report earnings before jumping on it.
U 1W I Held the weekly trend line we highlighted last week and moved up 17% after reporting earnings. Watching for a break above $112 with volume this week.
ROKU 1D I We are spotting a bullish divergence on ROKU on the daily time frame. Also, unusual activity has been picked up betting on ROKU $180c 02/18 @ $5.90!
TGT 1D I Possible falling wedge on TGT daily time frame. We also have a bullish divergence on the RSI. Aiming for $218 calls expiring this week as long as $212 holds.
RBLX Elliott wave updateNot financial advice. Just practicing reading wave and subwave counts. Possible leading diagonal wave starting move. if so, we should be coming to subwave 5 of bigger time frame wave 3. Expected price target to be equal to subwave 1, which is between .618 and .786 of fib extension of subwave 3 (common target areas). Makes sense in my head, but hard to type and explain.
