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Roblox Corp

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RBLX trade ideas

RBLX: Looks to be Basing Going into February RBLX has been hit very hard now down $79 from ATH. As growth has sold off in light of yields/rates rising, it seems to be bottoming out as as a sector. As of close Friday, RBLX is being held down by its IPO lows of $60.46. A retake of those lows indicates a reversal and I will add to my RBLX swings for February and March OPEX. $60.46, $64.07 and $70 above. A retest of $54 should be in hand this week and I will be looking to spec long there. Daily close under 53.63 and you can short it until it has a daily close above $53.63.
NYSE:RBLXLong
by AlphaTradersInc
RBLX (Roblox) Controversy and potential consequencesExposition This is a complex issue and I hope you will visit the two videos I linked, listen to them and the genuine complaints they have, and what consequences they may entail for the value, and public sentiment, of stock prices in the near and long term future, particularly long term. This is a purely informative piece for those unfamiliar with the coming controversy which may or may not be impactful in the long term, not a technical one, as the technical ramifications of these issues have not been fully realized, and may not for some months to come. If you are interested in real technical analysis or earnings/financial analysis, you will not find it here. Call it 'fundamentals of potential public sentiment'. Buy the rumors, sell the headlines. So to speak. We're right before the headlines. Recently, although this has not been a recent issue and has been ongoing for some time, several videos have been released detailing the situation within the Roblox community. These videos have so far garnered millions of views, and will be linked accordingly. Roblox is a company that, if one is more familiar with the technical chart than the game itself, is a platform on which anyone can develop and publish their own games. As well, there is an in-game currency called Robux which can be accrued by both players and developers of said game via microtransactions and general playtime, so the most popular, regardless of quality, wins- i.e., as any capitalistic system works. Roblox themselves also offers these microtransactions as limited time items in the form of (essentially) NFTs. Because there is an ingame market and economy, items such as these, as this game is marketed towards children with little judgment (respectfully) in financial matters or spending, skyrocket in value. If one is familiar with the Team Fortress 2 economy (as some of us here are barely old enough to be part of or have transitioned into real finances since then, a decade ago), it is similar, but more exploitative. More on that later. However, the controversy is not only on this exploitation of children for profit (this happens quite often in mobile and other games, as I am sure many readers are familiar with if they have children of that age), but also on the lack of action and moderation of the company itself. Only recently has a great deal of attention been brought towards these issues. It is a kids game made for kids; I know, and well recall, prior to the IPO, reading many comments about how no one was sure this IPO would do very well, because they did not understand just HOW MASSIVE this company is, and how popular the game is. Nearly everyone I knew under the age of 13, family, friends of family, etc, played it, and many wanted me to play it with them, which I found boring and a tad droll, but of course, one bears that for the sake of the fun for those kids. Most seemed to expect a low IPO, or little confidence. Of course; they would not understand. Now, while any game such as this will somehow find a way to get through the cracks, sexual content, racist content, more extreme violence, etc, were, and still are, common. This is a children's game; whether or not one cares, it should not be allowed, especially uninhibited. Their lack of genuine responsiveness to media critics, lack of media coverage despite many issues, and a recent deluge of information on the exact absurdities arising from this game, especially in how children end up handling this money, has been exposed more and more clearly in the past few months. A video from a few weeks ago (ref. 2) has 3.3 million views at time of writing; 271k likes and 4.2k downvotes (with the extension installed to reveal them). The previous video which that was a follow-up of was released back in August. That has 1.3 million views, 115k upvotes, 1.9k downvotes. (So the scaled reception ratio, although irrelevant somewhat, is similar). The second video has three times as many views in a much shorter period than the first one. Perhaps the title is to blame; no one likes censorship. Here is a third video, by a more amateur individual, about the monetization in one game and its exploitative methodology, and the ends to which they went. This video is obviously less journalistic than the others, but player sentiment reflects game sentiment. What it indicates to me is that the awareness of this issue is rising greatly, and will be more and more exposed, eventually covered by MSM more. Whether one finds the MSM abhorrent or not, the MSM controls much of public sentiment. This cannot be denied. Robux have monetary value in a sense- someone can cash out, say, a developer- but the minimum is $1000 in that virtual currency. This is questionable be default to me because of how such things are usually not allowed on games (ingame currency must never have real value). But the main issue is that... Those ingame items I mentioned, that skyrocket in value, are not just $50 or $100. These are trading like NFTs, like art, where some can go upwards of thousands to tens of thousands. Roblox gets a cut of each and every trade. That means they are making a lot of money, right? That's a good thing for shareholders. When one is trading, fees are awful. Everyone hates fees like everyone hates taxes, whether they are useful or not in the perpetuity of either the (state) or the (development) of the operant. How does one avoid them? With black market, or side market, submarket, trading. This is prevalent throughout any economic system, virtual or not. Value is assigned not by utility, but by what someone is willing to pay for it. 'Fair value' is a metric that is somewhat arbitrary, as there is no fair value to anything; nothing is fair in life. These grey market systems within the Roblox community bypass these fees and restrictions and allow direct buying and selling of these items between users- and even Robux, the currency, can be traded for fiat, without any intervention by Roblox corp. itself. And, again, this is hundreds of thousands- if not millions- of dollars in a virtual economy. Call it crypto for kids. These things coming to light, which, while understood by those well invested in the platform itself, is still somewhat unknown to the wider public, especially the parents of these children whom are being exploited. The gaming elements; the platform; the monetization. I'm sure most don't care about that or its details. All that gets covered are their internal reports and earnings. What will make media coverage is the exploitation, the markets, the amount of digital currency going around in absurd ways- the social impact of the platform on children. The MSM loves and eats that up, because it makes good headlines and good clicks. It is a serious issue that must be addressed, but I sincerely believe that public sentiment- and AWARENESS- of this game will become largely negative and impact both its playerbase, revenue, and more. No other game is so massive that has this rampant issue. Perhaps it cannot be moderated with how big it is. Will this heavily affect the actual value or trend of the stock in a meaningful way in the coming months, as this becomes public knowledge? Will it even be continued to be covered and looked into? The bullish case is that everyone will ignore it, or it will not be deemed as serious as other issues, or will be disregarded as just something that cannot be helped, and the RBLX price will continue to be dominated by earnings, internal reports, and technicals. I suppose this is not necessarily a 'bullish' case- but more of a 'these fundamentals are not important in the long term, and may well be a temporary concern that will get covered up in some manner, or forgotten- but with such a massive userbase, I do not believe this can be true. Perhaps if the game was smaller. Not Roblox. The platform itself- a platform which encourages creation by its players and profits from it- is larger than many game development/publishing game companies who make AAA games. In brief; I believe (I cannot be certain; nothing is certain) that RBLX will see a startling drop in price as userbase concerns lead to further degradation of the player base, either through regulation, internal regulation, etc. If they fix the problems; less revenue. If players leave; less revenue. If they crack down on black market selling; less revenue, since it had to come from somewhere, and will go back to RBLX, since those players are still players in the game. This virtual economy is self-circular, as you will understand in the expository pieces above. Thank you Sofie Positions disclosure: I currently have no positions open but I am absolutely going short on the next trading day, so I will state I have short positions since I will soon.
NYSE:RBLXShort
by rubyatmidnight
1
🌊 🏄🏿 Roblox Prepares for ATHWith a beautiful diagonal wave presented in Wave 1, Roblox's Wave 2 correction was destined to be very deep (61-90%). With Wave 2 now near its hypothetical completion, it looks as if Roblox is ready to build momentum and make a run into the next few years ahead. I would tell my friends and my community that this stock is worth a buy consideration. Bounce becomes doubtful beneath $69.26 Bounce/trajectory becomes invalidated below $61.29 🌊 🏄🏿
NYSE:RBLXLong
by DigitalSurfTrading
$RBLX - At support from IPO price level What a horror show! The stock is currently back to IPO price level of $60ish. The area has acted as support prior three times. This area is also 2.618 Fib extension level support. If it can't hold, we are looking at $34 area as next support level in FIB extension measure. I thought $80 would give a descent support with $70 level being strong support. But it broke through both supports and did the unthinkable $60 support. If the price bounce from here, we can expect it to travel towards upper trend line area of $90. But it will not be smooth sailing as it would have to travel through $72 and $80 resistance area. Can it hold? We can only hope. Bullish Target - $90 Bearish Target - $34 All depends on how it play out at current $60 support level. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:RBLX
by PaperBozz
RBLX Potential LongKeeping an eye on this one after a recent gap fill. After a large 43% decline over the last 3 months things may finally be shaping up for a long play on RBLX. The setup is promising with a strong intraday reversal on a bullish hammer bar on 1/10/22. Ideally I'd like to see it stabilize a bit more, form a floor around 86 and break trend higher before taking a long position. Regardless, an interesting opportunity in a promising sector. RBLX has experienced strong revenue growth over the last 3 years (despite negative net income due to high developer exchange fees), and although growth for daily active users in the US has slowed, it continues to grow outside the US, where there is a larger opportunity for expanding market share.
NYSE:RBLXLong
by DSchutz
Roblox 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
NYSE:RBLX
by Sunstorminvest
$RBLX - the gap has been closed! What's next?In my previous chart, I stated that the gap was going to close. Now that the gap has been closed, let's see how things can play out. If we look at the chart to the left current area of $78 - $80 has been a good support. So there is a chance it can hold this time. But due to the popular nature of the stock and wide swings in price, MMs may try to bring it down to $75-$70 area in stop loss hunt to fill large client orders on the cheap. What will it be? I don't know. If the support holds, we can bounce to $93 area. If not, we can see $70. One thing to note, the RSI for this stock has not seen over sold territory before. It is currently close to 33 where it has bounced before. We will see. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:RBLXLong
by PaperBozz