TrendyTrades: RBLX Inverse H&SInverse Head & Shoulders formation on RBLX popping out and retest a trend with a nice push up ahead.
RBLX
$RBLXRoblox Corp stock has gained over 20.01% since Wednesday, March 10, 2021 when RBLX began trading.
The average rating from Wall Street analysts is a Buy.
In addition to the average rating from Wall Street analyst, RBLX stock has a mean target price of $87.60.
But in saying that, the stock has formed a falling wedge on the daily chart with a possible retest before continuing up..
Keep your eyes on this stock for a continuation..
- Factor Four
RBLX BreakoutFrom a purely charting perspective, this is a textbook setup for a breakout to the upside. One month full of consolidation, and now the chart is painting higher lows and clearing moving averages.
Aside from a heavy supply zone @ ~$86-87, a clear break and close above that level this week should send RBLX to $100+ in the ensuing weeks.
RBLX about to Go ParabolicBuy: $77 - $80
Stop Loss: $75
No fundamentals taken into consideration. I just know the start of a parabolic move when I see one
$RBLX GOING PARABOLIC?Watching this one either way this week! I expect Earnings volatility to be up!
$MSFT Resistance Break $300 PT In Reach?video breakdown and up date on $MSFT after a nice break of resistance and retest of linear deviation
Looking to play RBLX break and retestWaiting for RBLX to pull back and hold $83 range. If $83 holds $90+ will be the first quick target.
TrendyTrades: RBLX AnalysisHolding anchored VWAP, price at a good place here to go long. Two scenarios. If we drop, probably won't go further than 80.58 before bouncing.
$RBLX: Roblox has massive upside...$RBLX has come a long way down and found support at previous accumulation levels, we had a nice jump, as bulls expect earnings to go well. I'm bullish on the in game economy and the popularity of the game rising periodically. I do like the chart a lot here as well, and reward to risk is very good, so a buying opportunity on dips is in the cards. Keep an eye on it, if you are up for the year, you can risk buying before the earnings report, if not, wait to buy the next dip into support AFTER the earnings report is out of the way.
Best of luck,
Ivan Labrie.
RBLX ER MondayFalling Wedge breakout - Watch for a break above 28.25, the VWAP and resistance where the stock closed the past two trading days. Long above 86, and short below 82.
RBLX descending triangle above 78 for long. Target 90-95Descending triangle on a daily chart. Came back down to retest the 76-78 area.
Break above 78 could go to 90-95 level.
5% of the portfolio
Stop-loss 73
Gann Box - Drawn Over RBLX 8/5 [LONG]Pre-market analysis of the 1-Day Time frame for RBLX.
Gann Box drawn to predict future support & resistance areas.
$RBLX with a potential breakout, holding 74 Is still bullishnice bullish divergence and nice falling wedge, im so far bullish ,hope we hold 74 $
Falling Wedge- BullishBig falling wedge forming, buyers stepping in, MACD cross to close on Friday. Bullish and will be looking for a breakout- Just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
(Broader market conditions permitting)
WATCHING $RBLX for Entry Target @ 79.13WATCHING $RBLX for Entry Target @ 79.13 - Looking to buy in tomorrow.
I actually do really like this company. I'm super bullish. My opinion and please use your own discretion.
————
I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll repost with new entry.
RBLX boolish!
falling wedge
flag
MACD class c bullish divergence
bounce off major fib support
Safe entry wait for break above 85 for confirmation
RBLX don't miss the breakout!RBLX 4HR Chart
---------------------
TA
Nice bounce off 74-75 level with a nice retrace to the .618 of may lows & june highs (63.97-103.92). Filled the gap at 76.33 w/ a nice symmetrical triangle setup. Strong movement started today for breakout to the upside for a confirmed reversal. 76-78 dip I'd look to go long, targeting 100+.
Key Levels
Support: 74.60, 76.36, 79
Resistance: 82.45, 89, 93.50, 95.95, ATH
Ways to play:
1. Shares
2. Atm/ otm calls 2 weeks+ exp. contracts
volatile ticker and able to play 1-5 points otm, the further the strike I do recommend more time
Another trade on RBLX? 🤑🤑🤑I did a public trade on RBLX last month, which was a very good one, and now this one is back to almost the same price level I traded it on June21! This is interesting, but it is worth to trade RBLX now?
Do you believe that the line at 83.36 is still here? I didn’t move it since last month, yet it is still making a support us. And some people don’t believe in TA…
If we lose the 83.36 then we’ll see a pullback to the 77 – 78, but if we see a good pattern around here, it’ll be just another chance to trade RBLX!
We have no confirmation in the 4h, but it seems we have a small hammer. This could be the beginning of something great. I’ll keep you guys updated about this.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
RBLX Reversalbounce on 50DMA - Long RBLX
both NASDAQ:UPST and RBLX are on reversal stage. will add more position when it dip.
A trading idea on RBLX! 👍RBLX is one of the stocks I’m looking at right now, it seems we could have a buy here (very risky one, but it is interesting).
We have a pivot at 83.36, and this could reverse the trend on RBLX, if triggered.
The problem is that the 4h could be more oversold. The RSI is not that low, and we could hit the 77 area, as this is a support level for RBLX.
But we have the beginning of a possible reversal here, especially if RBLX triggers the pivot mentioned above.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
RBLX back to retest 100! RBLX Daily TF
Roblox on discount, as price continues to drop due to a decline in active users. After a massive rally to ATH its only right we see a pullback before the rocket takes off again. Has a bit more room for a golden retracement to .618 level (76.96). Wouldn't jump the gun on calls just yet unless downtrend is broken which signals reversal or we get a dip to 76 level.
Targets: 90, 103, 117
Trade idea:
76-80 scale in month out calls atm/otm, full entry on the breakout of downtrend
Shares - safer option as well
RBLX Swing or Long TrermRecent IPO RBLX experienced a nice breakout from it's IPO base. It is now pulling back a long from the key area within the demand zone could be considered.
RBLX dipped back into the channelI am into RBLX because my kid keeps asking me to buy him coins in the game. I figured I could help him earn some coins (lol).
When institutional investors started buzzing about it more after it's first earnings, I had a hunch it would soar. Well it happened and now it's cool down time as indicated by lower volume. I think that price will retrace to about $96 before dropping more. I am a novice charting queen aiming to be right. This 4hr view shows the highlights, but drilling down to the 1hr chart may help you see a more familiar to determine your entry and exit strategies. Once more price action takes place, I hope to see when RBLX will rise again (summer 2021).
