RBLX trying short again here with october and december puts... double top, massively overbought on the weekly. burning tons of cash and heavily overvalued on an earnings and sales basis. yea this is toast.
RBLX Continues to perplex. Total trash stock. Trading 20x revenues. Net loss of $1B last year and has a $80B market cap. At some point reality will catch up with this trash
RBLX is demonstrating strong bullish momentum backed by a breakout candle, rising volume, and upper Bollinger Band riding. The breakout above resistance with increased volume suggests potential continuation toward $110 and beyond, especially if momentum persists.
RBLX Price is in the ideal mid-term topping zone (106–108). Possible multi-week/month correction from here should hold within 77–61 support before the next macro leg up into Nov ’21 ATH levels.