RBLX trade ideas
Downward momentum to $90Watch for break and CLOSE below $96 to confirm downward pressure. Hitting $90 would fill the volume gap (see visible range volume histogram on the right of the chart).
RBLX bullish into 2022! $150+The RBLX daily chart is starting to look great! If RBLX can hold $100 - $103 then we start to have a lot more room to continue higher and re-test all-time highs. Combine the great daily chart with the potential of the Metaverse in 2022 and we could easily see $150 by the end of 2022!
$RBLX set up setup with targets up and down. divergence detected to downside on short term timeframes
rblx analysis 30 minThe Elliott Wave Count proposed here contains very bullish structure and offers huge upside potential The 5 wave structure to the upside suggests a corrective move is to follow. A long out the 'dec poc' level along with the .618 retrace confluence is a very high probable trade if $RBLX cooperates.
$rblx analysisWhat a lovely bull-flag formed on the daily/4hr time frame, along with a nice 'B shaped' volume profile for the month of December (indication of buyer presence). Bull-flag + ABC correction + .618 volume profile confluence + 21/200 ema chanel = A+ setup.
$RBLX gameplan :)-Puts below $93.00... Got some nice support at this level bounced about 3 times from this lvl as soon as we break we have a gap all the way down to around $79.35 levels
-calls above $109.43... this is confirmation that this stock has bounced off support and we broke the previous weekly high then we have a valid entry
$RBLX Call BuyingRBLX seeing a lot of JAN 2023 100 calls bought bringing in the new year.
Technicals look bullish - Double bottom, VP support shelf, MOMO turning, RSI and Money Flow uptick.
First PT $109 with a break higher implying $116/$118 zone
Bears are eyeing the gap below and rightfully so, a break below and 80's come quick.
Respect the stop loss :)
Looks good for a swing and my bias is with Nancy Pelosi - to the upside
$RBLX - Potential gap fill possibleRoblox left a big gap back in November 2021. It resisted filling the gap the first time around. Now its heading back to the gap area.
The gap is too big to not fill. If the price breaks below $93 area, the gap might get fill at least partially at $85 or fully at around $80.
Target 1 - $85
Target 2 - $80
Risk - failure to break below $93 area.
I would wait until $85 - $80 area before going long. For now I remain on the side line and see how things play out.
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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.
RBLX - Symmetrical TriangleWatching RBLX, it has formed a symmetrical triangle, which is a Bilateral Pattern (meaning price direction can move either way)
A break below 104 support RBLX could see a drop to $93 support - if price breaks above 113 resistance then it could test $120 resistance next.
Play Roblox The initial euphoric gap + bull-run seems to have rebalanced with selling pressure and a consistent adherence to the 50 period MA and fib levels
I’m swinging this to 115…
$RBLX PUT ZONE Gonna look to short RBLX sometime next week if we take the stairs down to $93.00 then we shall take the elevator down to $80 so it will be a quick move looking for a short down to around $80 but then looking to buy in at Around $80 - $85
RBLXDouble bottom on the Daily TF. Also retraced 50% down the mother bar candle and showed strength with a bounce. I am expecting a gap fill on the upside in near term here.
Ready to blast!Roblox Corporation provided revenue guidance for the November 2021. For the month, the company’s revenue is estimated to be between $184 million to $187 million, up 84% to 87% year over year.
RBLXAfter a monster power earnings gap (PEG) move, RBLX pulled back to its 50 MA and PEG lows were defended (i.e. 93.02 and 94.38). It is now trading around an upsloping 50 MA.
Neutral for now but I will be watching to see
- how it interacts with the declining short term EMAs
- if it breaks below 93.02 and fills the PEG gap
12/19/21 RBLXRoblox Corporation ( NYSE:RBLX )
Sector: Technology Services (Packaged Software)
Market Capitalization: 59.273B
Current Price: $102.40
Breakout price: $103.50
Buy Zone (Top/Bottom Range): $99.80-$93.50
Price Target: $123.80-$126.00
Estimated Duration to Target: 52-59d
Contract of Interest: $RBLX 2/18/22 115c
Trade price as of publish date: $9.00/contract
RBLX Bull Flagging above the Weekly VwapLikely to fill that gap at 107 today or early next week. As long as above the weekly vwap around 100.
(Opinion only)
RBLX update finish today again on high selling pressure if we drop below 93$ I think we'll have a double top to start and close that....
Entry below 93$
Stop loss 95$
TP- 79$
$RBLX to 150s on a pullback (swing)
Idea :
- Swing long $RBLX on a pull back to 129 to 124 (aggressive). Be ready to add at 50% Fib retracement.
- Or, start at 50% fib retracement (but it's unlikely price will get there in the near-term)
- Hard stop if price breaks below 100, but consider stopping if price breaks 103 (uptrend support)
Rational:
- See technical comments on chart (MACD, Volume, and Price strong bullish)
- Metaverse hype continues, and buyers will jump in on a pullback
- Strong Institutional buying from Nov 15 - Nov 19
- Short interest has decreased nearly 10% recently, expect this to drop further next week
- Top 25 stock on WallStreetBets chatter
- Recent Buy recommendation from InvestorPlace
- 150 is the highest price target by Morgan Stanley. I expect price to get there, and once it does, look for the Short opportunity.
- The overall sentiment of big-money options traders is split between 42.31% bullish and 57.69%, bearish.. so we should get a pull back in the near-term.
Good luck, and trade your plan!
Roblox Analysis 16.12.2021Hello Traders,
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