$RBLX Roblox Corporation. Could move higher from here....Breaking out of a channel with some support. Looking for a target around $110
RBLX trade ideas
$RBLX Big Gap Post Earnings after the Close$RBLX still on my watchlist.
Trading at around $100 post earning after the close
wowzah!
RBLX- Gravestone Doji at upper channel wedgeGravestone Doji formed at top of the channel wedge.
Rejected at VWAP .
RBLX Next bull rallyHere is what I see with RBLX
~highlighted on RSI is Bullish divergence.
~Vortex indicator is about to change momentum to green
~We have reached a crucial zone of support. If we turn around here we could end up forming a head and shoulders
~We had a higher high, meaning that we could see a trend reversal towards bullish.
~While we did see a death cross on the 1 hour, it was on decreasing volume, meaning a weak death cross. Only going to last a short time before a golden cross returns.
~We are also at the support line of the flag
Earnings on RBLX may be the catalyst we need to start the next bull rally.
$RBLX - Potential descending wedge and inverse head and shoulderThe stock has been in descending wedge unable to break above the upper trend line.
Now looking like inverse head and shoulder is forming with the right shoulder yet to be completed.
As long as the stock stays above $75 there is a chance of bullish reversal.
$84-$85 area is the resistance area and the neck line of this potential inverse head and shoulder that is forming.
Target 1 - $98
Target 2 - $105
Risk - Fall below $75 and retract to $68.
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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 not meeting fundamental expectations.RBLX had a robust, retail fueled, run up since IPO. Now that the fun is over, RBLX is showing a lot of weakness ever since. Rejected three times from top resistance and making lower highs. ER is coming up and I am expecting them to beat but not by much. I feel like this wont amount to anything for RBLX and we will continue see downside short term. A nice support for it should be around $69-64.
big rejection on the weekly timeframe, ouch🔻
Hello traders, roblox is now stuck in the bearish downtrend channel, we will most likely continue to see red unless it breaks top trendline resistance! wait for confirmation if you want to long.
please like and follow for more, thanks :)
RBLX. FALLING CHANNEL FORMATION.Here is my setup on RBLX. Will this continue to range in the falling channel? Will we see a break to the upside soon?
Let me know what your thoughts are.
Enter long position when price breaks falling channel.
Pay attention to the divergence on the RSI.
Take-profit ideas are illustrated by the white lines on the graf.
Comments, likes, and follows are dearly appreciated.
Trade safely
RBLX - IHSThis is looking good. I like to play options on this one. I will watch start of the week for entry, if we can get a dip
$RBLX Not So Crisp of a SetupYes I see $RBLX but its not a crisp setup.
Lots of trading to the left side of the chart that will act as supply. If this runs up from here, I'd probably miss it (better setups somewhere else).
Will probably give another pivot higher at that $90ish supply line. Keep it on ur WL
Roblox is UnderratedI am hoping Roblox breaks out it's downward channel. I am looking for the extension targets above
to put the stock back above $100. They are still becoming the platform they are capable of with
a strong hold on the youth and starting to appeal to more adults. Fib resistance at $84 needs to brea for confirmation.
RBLX: Failed BreakoutTried but seems to be failing. Respected this resistance once before. I think we'll come down find support and try again. There would be a buying opportunity at the very bottom support.
I'm actually quite bullish long-term as gaming continues to ramp up, becoming more accessible with better quality Mobile gaming.
Strong future the industry as a whole.
$RBLX heading into 89+ zone soonMake sure you ride it, was suggested on our twitter handle from ~71 to long, we are not done yet. Pre-Earnings run can take it to 90.95 levels #PlanYourTrades
RBLX - Bullish option flow Oct 22Roblox Corporation develops and operates an online entertainment platform.
Currently, hitting upper trendline and close to the POC (point of control).
Over 5300 December $85 calls were bought on friday the 22nd.
Upcoming Catalysts - Investor day 11/06 and earnings 11/08. GL!
$RBLX Bullish Wave Count$RBLX
Powerful Setup developed
1,2 - 1,2 count
Will be watching how roblox develops into the end of the year
Bear Bear SimulatorI play Roblox myself and I saw a steady drop in player base and various of things that are changing as well.
Player base is dropping because kids are back to school and they can't spend that much money.
Roblox facing lawsuits, which causes changes to marketplace policy to change that allows players to get refund for avatar items.
New TOS doesn't favor developer as well.
Robux cannot be exchange between players "EVEN"!! in development groups, this is a big kick for the dev team because people working hard to make games gets pay in Robux.
This change also has its benefit of destroying exploitation from player scamming children for robux.
They also made changes that players cannot dress like their favourite YTbers or they will get banned. (Not exactly logical if you think about it. The game depends on YTbers promoting the game and to limit how fans should behave is not a good idea.)
Overall, I see Roblox to continue downward.
Wait and see when the graph forms a higher lows.
$RBLX ROBLOX Corp Long off Strong Support
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RBLX BULLISH WOLFE WAVE TRIGGERThere is a wolfe wave setup on the 39 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 80 which is expected to reach this price target within approx 39 hours (195 min x 12).
Long $RBLX CMP 77.28Long $RBLX CMP 77.28. Nice consolidation in symmetrical triangle. Sitting at nice support of $75-$77 area. Expecting breakout soon. Target 1 $90, Target 2 $100
