After IPO-Bulltrap CompletedHello, i stumbled over Roblox Stock and its freaking overvalued at currently 67 Billion Market Cap!
For Comparison EA Games has a market cap of 35B.
There is a pattern in hyped IPO´s i noticed:
After the overpriced listing there is a Bulltrap before going in a deep correction ---> See Robinhood, Coinbase, C3.ai Charts, they all had a short bullrun before absolute tanking downwards.
Roblox just had this shorttermed bullrun and should soon dramatically drop.
It has tightening Bollinger Bands on the Daily, i expect another lower highs to my red short zone before dropping, thats where i suggest to go short.
As always i recommend to use sl altho im pretty confident in this.
DYOR and please leave a like =)