RBLX - Possible long swingRBLX is approaching the trendline on this descending triangle.
I have been noticing some sweeps expiring next week.
Could be setting up a nice break and run, will be adding alerts
RBLX trade ideas
RBLX back to 75+?RBLX 1HR Timeframe -
RBLX had a nice breakout of the downtrend 2 weeks ago and a rally to new highs, price has seen a nice correction, retesting that downtrend and bouncing perfectly. Some bullish option flow coming in and with this strong close today at high 71 level, we could see a possible impulse move to 75+ by end of week. Currently has some strong downtrend resistance (green line). A break over 72-73 level and hold would confirm a reversal to the upside. If we see see a slight sell off during pm I will look to buy the dip for some weekly call options. Under 69.16-68.60 would indicate more downside. Keep in mind there is a going to be lots of volatility (short term) with this name.
Currently holding 71C, 75C weeklies, 70-77 weekly calls (lottos, high R/R), next week or May contracts would be safer don't recommend leaps on this just yet.
$RBLX Roblox Corporation. Support within a channelRoblox looks like it hit support around the $68 level. This is maybe an opportunity to add in anticipation of a bounce to the top of the channel once again. Current market conditions seems a little weak, but maybe worth the risk. Stick to stop losses.
RBLX$RBLX - The asset is relatively new, and there's not much data in the daily or weekly. I used the 1 hr chart and found a nice trend starting from the $60 mark. The triangle pattern suggests that the price can break $79 to test $83.50 previous high. The closing price of $75.85 is a buy signal.
RBLX Broke ATHRoblox broke an all time high today. Looking for a LTF (lower time frame) flag to see further continuation.
Roblox Bull for the Long RunJust want to share with you all how Roblox works in the perspective of a player that most people probably are not aware of.
I am an actual player, a Content Creator and a Game Developer inside of the Roblox System.
From what I have seen, Roblox core strength lies in the internal marketing power.
Very rarely where you'll see a Roblox Ads circulating.
The way their marketing works is done through a closed loop of socialization.
Children that plays the game often recommend it to their friends and in turn recommend to their friends.
Since the platform is free and the game is free, Roblox became the next closest thing that kids have to buying mobile games.
Over time, as children grew in the System, they'll naturally begin to spend money in the system called Robux.
A digital currency created by Roblox where players can spend them to customize their character, unlocking game items, etc.
Some kids are inspired to be YouTubers, so they make contents for the games which is entirely free promotion for Roblox.
Some kids are inspired to be game developers, so the platform gets a boost in new games without hiring anyone.
Roblox also compensate contributors who are YouTuber and Game Developer.
With just these few things, Roblox literally has the best marketing system that any game company would die for.
$RBLX Gartley/Hidden Harmonics Trading Group Like i hinted at earlier, I will be posting reviews from chat from now on. i will sprinkle in some plays here and there but i need to find out who is stealing charts and reposting them as their own, I get multiple messages regarding this weekly, this was clean & paid 37%, let me know if you want plays like this daily sent to you, stops and guidance w all targets, all sectors, guaranteed. Every play has a detailed chart with all annotations and updates daily.
ROBLOX BREAKING OUT!!Clear technical breakout from the ascending triangle occurred today for RBLX!
Price target of $83 for RBLX in the next coming days!
RBLX one month predicted forecast09/04/2021
This is basic technical analysis only.
Please do not invest based on this one month predicted forecast.
Remember to do your own research and due diligence before purchasing this stock.
RBLX support & resistance
Support at $64.53
First resistance around $71
Second resistance around $78.44
Roblox likely to tumbleOur last forecast worked out quite well. I believe this company is still grossly overvalued and will probably tumble quite a bit further before it finds a true floor.
So it seams RBLX broke out from downtrend.
If market stays green (its Friday:)
I expect RBLX to gap down slightly to 66.50 for confirmation and if it holds then it should shoot up towards 78
If it brakes down from 66.50 then it was a fake out and it may do double bottom at 60.70, I expect from the upside.
WAQTCH SPY for clues today
Short term forecast for high priced ROBLOXI personally think this company isn't even close to the level of EA (Market cap of 37.53B) or Activsion/Blizzard (Market cap of 70.14B). It does have a little bit of a meme following so we could see surprise movements, although I doubt it.
$RBLX ROBLOX Corp On Support.
RBLX has found support once again on the Fibonacci Golden pocket for the 3rd time.
It may offer some potential for a bounce for reversal trade in the days to come.
Targets $70 & $72
Roblox is Number 1. Bye GME1: roblox platform creation game. ( like youtube or photoshop )
2: 1.5 billions ( roblox ) 1.7 billions (activision) 5.5 Billions ( EA Sport) = 1 year to roblox make 5.2 Billions ( they have 7.7 billions possible free creator of video game)
3: roblox have is own cryptocurency
4: everyone can create with roblox. even google apple microsoft activision ea sport. they will have their game in the platform of roblox and earn money.
5: unlimited possibilities of video games. ( data unlimited ) not only a few cercle of people for 1 game. everyone contribute.
6: 40 Billions stock market cap. ( 1 week on stock market only)
7: the youtube and netflix of video games !
*** WE LIKE THE STOCK ***
ROBLOXI like roblox...I see a cub and handle and an inverse head and shoulders taking place...either one you choose the target is still the same....I honestly dont think it will hold due to lack of interest and being pulled down by market
A speculative play !I have mentioned this in some of my trade posts before that from time to time, I would take on some speculative plays but would ensure that it is a small % of my capital base and win or lose, I would not add on till I gather more financial intelligence on the company.
Roblox is one of them that I am betting on!
Some news ( here , here and here )
While its revenue is explosive this year, we need to know if moving forward with the vaccination now in place and countries are slowly opening up, would tweens still be glueing to this game ? What are their options ? What will the company do to attract this segment of the market ?
The last article above throws some light that is worth investigating !
That is why I only allocate a small % to this company and would be watching it as it grows.......
