RBLX potential take profit target at 42 and 46Today RBLX run on a big volume potentially squeezing many shorts. I'm planning on taking a short position if it hits 46$ until then I will go long on dip.
RBLX trade ideas
$RBLX Breakout #fintwit#RBLX Breakout 🚀 in 1h Chart on above average volume - Target 49$ 🧲
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA ✅
2. Consolidation Phase in Uptrend ✅
3. Breakout on above average Volume✅
What Does a Falling Wedge & Roblox Have in Common?What Does a Falling Wedge & Roblox Have in Common?
I've played Roblox once and from what I remember, players build things up and tear things down. In line with the objective of the Roblox game, the falling wedge pattern falls prior to the price rising (or "building") again.
The Falling Wedge pattern was identified on RBLX weekly, daily, four hour and one hour charts.
My intention is to make the most of this trade by entering a swing position. Therefore, my initial entry will be above the break of the upper trendline or 37.00.
I am considering the following profit targets or profit taking levels-
PT1 53
PT2 61.91
PT3 109.81
Special note -I will also consider pivot points for PT as well.
*Risk Management- will include setting my stop loss below the low of the candle that breaks the upper trendline AND above 37.00. My starter position size will be relatively small to mitigate risks associated with entering a swing position. 80% of my position will be cut at PT1, 10-20% at PT2 (will be dependent on market conditions & price action of stock) and 10% or re-entry prior to reaching PT3 (will dependent on position status and price action).
Peace & Prosperity,
MrALtrades00
*This is not financial advice.
Roblox - long ideaPrice breaks out of the channel, need a confirmation - a correction before the extension into a potential wave 3
RBLX W pattern looming. Neckline 34.26. If we control this level for the coming days this will confirm the Fira bullish reversal. No need to rush in unless closing above 37$. I’d be watching for confirmed support on 34.26 personally but up to your tradinf style
Bearish Scenario for $RBLXDescending Volume on the daily Chart + Ascending triangle setup + Price under 100EMA = Bearish Scenario .
Let´s see how it works.
RBLX - Ascending Triangle in DowntrendWeak pattern here but just noting the development of an ascending triangle after a significant downtrend. Given the context this pattern could be considered a (bearish) continuation pattern. If it turns out to be bullish then there's some resistance not far above.
$RBLX earnings today 👁🗨*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*
Recap: My team purchased shares of online video game company Roblox Corp $RBLX at $30.72 on 5/5/22. Our first take profit was originally set at $43 per share.
Today my team has averaged down on $RBLX at $22.25 per share. This brings our average down to $26.48. We do not think that $43 per share will be reached anytime soon, and so to be on the safe side we have established a new take profit at $32. This would be a 20.8% increase from our average.
First entry: $30.72
2nd entry: $22.25
Take profit: $32
Earnings are to be reported today after hours. We aren't expecting much, but we are willing to hold this one out long-term until it reaches our take profit.
Good luck to all today!
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RBLXInverse head and shoulders? W pattern on hourly. Both W pattern neckline and inverse head and shoulders neckline land around 33.50. With uptrending support at 32.50. As long as we remain above 32.50 this could be a bullish setup. Watching 33.50 potentially as an entry depending on how we react upon testing. Tarhet would be 45
Roblox May 10, 2022Still trading in parabolic down trend, but we have interesting pa when we touch support of this trend channel.
TSTW.
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Roblox collapsing? Roblox
Short Term - We look to Sell at 33.44 (stop at 37.68)
Preferred trade is to sell into rallies. Price action has posted a Doji candle and confirms a possible stall in the recent move. We look for price action to stay within the channel formation today. Prices expected to stall near trend line resistance. Offers ample risk/reward to sell at the market.
Our profit targets will be 20.91 and 17.19
Resistance: 34.00 / 50.00 / 75.00
Support: 30.00 / 20.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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RBLX crasinRBLX has once upon a time been worth something but it dumped $120 and now its not worth anything.
ROBLOX SHORTROBLOX Gaming platform is experiencing substantial decrease in active player base. Great stock to short in MID-TERM.
$RBLX — HE HAS AN 8 DOLLAR PRICE TARGET?! I bought puts on RBLX before the bell yesterday because my friend asked me to chart it up in the last second.
I think we have the potential to go much lower.
On the 1hr bars there is a "high heel" bearish pattern that would be active below support at 59.60 with $8 downside potential...
We also have formed a bearish "h" on the daily chart, which I'm showing in this post, so keep an eye out for karma to pay them back for essentially finding a legal loophole for child slavery lol.
Minecraft is better, too.
$RBLX buying the dip 👁🗨*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 purchased shares of online video game company Roblox Corp $RBLX at $30.72 today. Our first take profit is set at $43.
OUR ENTRY: $30.72
TAKE PROFIT 1: $43
TAKE PROFIT 2: $50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Cheap price, great returns!Wow.. I can not believe we are seeing this price.
Dont just listen to me, do your own research, but the fundamentals are strong, I'm super bullish.
Literally any entry point on this area is perfect, manage your own risk, but returns during the next months are going to be amazing.
What do you think?
RBLX - Trendline support holding
No reason to flip the sides yet...only that overextended to the downside from 11 EMA. Might try to get close next few days.
Trend remains down until this triangle pattern is broken.
Just hope that the support doesn't break or it could get ugly real fast.
Roblox - Let's track together.Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
$RBLX Key Levels, Analysis, & Targets (REQUEST)$RBLX Key Levels, Analysis, & Targets
I’m seeing a little bit of a bounce at the last known support from march. It is not a strong support and there are no other supports below so if RBLX breaks below 35.90 it could go into free fall until it finds support again.
If you have a position, I’d decide where you want to sell in case it keeps selling off.
And if you don’t have a position, I’d wait until the MacD crosses back above the centerline with conviction. And MacD on the Daily usually coincides with a break above the 35EMA… I would look for those two things before going long.
Target to sell would be in that gap (58-66)
For @bipssharma
RBLX moving lower move below 36.07 should trigger another sharp leg down for ROBLOX. Buying short to medium term out of the money puts to play this
