Will history repeat it self? RBLX bullish and bearish scenarios
For bullish case: Roblox had a massive run day after its earning report. There is a strong support around 72-75$ range, the down trend from after market sell off will create a nice double bottom and a nice retest for a triangle breakout. This could trigger bullish momentum where it could possibly test its ATH.
Bearish scenario; The price couldn't create higher high after bouncing off from 72$ support and creates a head and shoulder patter causing the the price drop to 62$ range.
I drew both bullish and bearish scenarios. If you have any stocks that you would like me to analyze, pls let me know.
Bearish scenario; The price couldn't create higher high after bouncing off from 72$ support and creates a head and shoulder patter causing the the price drop to 62$ range.
I drew both bullish and bearish scenarios. If you have any stocks that you would like me to analyze, pls let me know.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.