RBLXD trade ideas
RBLX - Long - Bullish Breakout Falling Wedge, MACD, Fibbonaci Retracement -- possible Bullish Breakout
A falling wedge on the 4H formed towards the latter end of July. Fibonacci retracement of the price leading up to the wedge suggested that the lowest point of the wedge would be around 72.62 (78.6%). MACD on 2H broke its trendline (but not on 1H). Fibonacci retracement from lowest to highest point in wedge suggests take profit at 92.08 (61.8%) with potential to reach 97.13 (0.786) based off of wedge height.
DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations.
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.
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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.