RBLX: Looks to be Basing Going into February
RBLX has been hit very hard now down $79 from ATH. As growth has sold off in light of yields/rates rising, it seems to be bottoming out as as a sector.
As of close Friday, RBLX is being held down by its IPO lows of $60.46. A retake of those lows indicates a reversal and I will add to my RBLX swings for February and March OPEX. $60.46, $64.07 and $70 above.
A retest of $54 should be in hand this week and I will be looking to spec long there. Daily close under 53.63 and you can short it until it has a daily close above $53.63.
As of close Friday, RBLX is being held down by its IPO lows of $60.46. A retake of those lows indicates a reversal and I will add to my RBLX swings for February and March OPEX. $60.46, $64.07 and $70 above.
A retest of $54 should be in hand this week and I will be looking to spec long there. Daily close under 53.63 and you can short it until it has a daily close above $53.63.
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