RBLX trade ideas
$RBLX going as plannedRBLX likes to play dirty tricks, but everything goes as planned. Nice retest, held the trendline, still moving in the battle zone rectangle. If we don't have retest on the general market, this could finally make its way to 200SMA and another supply zone around $60. I will set my stop loss below $45.
RBLXWeekly and daily RSI rolling over. Daily MACD crossed. Weekly MACD under 0 line. Daily price line holding for now, but tapped trendline today.
$RBLX breakoutRBLX is battling. Need to close above the 50. I'm a fan. 100EMA and 50EMA finally crossing. 200 still in the way. Have this one in close eye the whole summer! Trading in and out, holding for longer swings. If we close here and continue higher I can see 55 soon.
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RBLX - Rejected at the confluence of supply, ATR and VMA
3 Day chart shows rejection, into the supply zone. Price back to the mid BB support. Watch for flag there for breakdown or reversal. No reason to guess which way it breaks.
RBLX ready to go?RBLX decline was fast and brutal. but like many names it has based and turned higher. I have no position and will stay that way until earnings are released. A break of the orange line is needed for me to have upside conviction.
$RBLX doing well in the battlefield. RBLX battlefield of supply around 50. Doing well so far. BUT there're earnings tomorrow some gaming stocks weren't doing so well this earnings season. Let's see.
$RBLX in a battle ground of supplyRBLX is battling a huge supply from April '22. Doing well so far. Could get choppy around there. Earnings next week. Will we see $50?
Roblox stock price and forecast 2022The stock has been dumped since last January 2022, losing almost 85% of its value. Per supply and demand stock analysis, we expect Roblox’s stock price to reach the supply imbalance of around $103 per share, where we should realise profits if we purchase shares of the stock. There is a medium-term bias with a lot of margin for profit on Roblox stock, with a potential rise of more than 100% in the following months. The supply and demand stock technical analysis attached does not say that Roblox will rally to the strong imbalance overhead without first pulling back. Stocks do not move in straight lines; be patient!
RBLXRBLX looks solid, breaks symmetric angle trend hopefully we may see 50's. Not an investment advice,... play at your own risk
RBLX finally broke outRBLX broke out after over a month of accumulation and chopping around 40-43.
Next targets are the supply zone around 50 and then gap fill around 59 and 200SMA around 61. Gap goes up to 66 so it's possible the stock will rally up there. We also have earnings on August 9th.
Roblox Corporation Levels of interest$RBLX levels of interest: 62$ - 50$ - 37$ - 33$
These are the supply and demand zones that act as support and resistance.
You must be aware of, Before buying or selling.
--TradeWise--
RBLX breakoutTook RBLX AUG 5 44C at the breakout from yesterdays post. It started breaking out in the last 30min of the day.
Above 42.80, JUL29 43C or AUG 5 44C should work if anyone wants to try today if you get an entry. More than likely we gap up because of AAPL AMZN
RBLX nearing explosive break outRBLX had some really good accumulation volume. Most of the down days are on lower volume compared to green days. Good sign that there is no distribution going on by institutions. Been consolidating here for some time now. The breakout could be explosive
Above 42.80, JUL29 44C should work
RBLX breakoutRBLX has been on fire! After taking a little break, it's tried to breakout through the 42-43 range 5 times this month. Let's go RBLX! MA's are curving upwards. 50ma will soon cross over the 100Ma which is a bullish signal also. 200SMA still high above but I think this stock is on a good way. My opinion hasn't changed. I'm long.
$RBLX, what are you setting up for?RBLX is setting up for something lovely. Come on baby! Time to fly.
RBLX AccumulationGood accumulation volume on RBLX. Going sideways after the initial break but looks good for next leg if ES can break 3950 and hold above it.
these bas formations after a good 70% drawdown from ATH’s looks really interesting. This is how stage 1 base breakouts happen for next bull run. Can easily see 47-50 if market holds.
Roblox Possible Long Out of ConsolidationI am interested in Roblox here as it is rising up and out of consolidation. For now, it is exhibiting a desire to stay above the recent consolidation range. I would like to take this RBLX long with a stop around $32 and a target at around $51.50. I will continue to watch the position accordingly. I do believe this is a trade to watch as we head into the August earnings report. NYSE:RBLX
RBLX As I was posting yesterday RBL ex was looking like a nice short seeing that we had so many resistance tabs at $38.85. Once we came close to there on the last test I loaded up my puts. We fell down To the .618 fib from that recent swing high to the low of the recent moves a couple weeks ago that we hit. The .618lands around 3550 area. So far we did test that and double bottom on the small time frames. I close half of my puts in that range but currently I’m watching this retest the horizontal trendline that we were using as support previously which now could be acting as resistance. Sort of looking like a Baarish rising wedge leading into previous support. 37. 70 is that range I’m looking for continuous rejection, before opening another short looking to break the .618 fib and head down towards 3315 area
Rblx I’m watching this like a hawk right now because I’m looking for a potential entry on a short position. If we look at what Roblox has done, we did make a beautiful double bottom after testing the $34-$32 range as well as a nice break out of a symmetrical triangle that around $32 we broke to the upside and we smacked our head against some pretty strong resistance. During this breakout we created an up trend channel and currently we are testing that support and clinging here patiently waiting to see if it’s going to be able to catch a bounce or if it’s going to fall back down and have to retest $32-$34 range. Personally I’m thinking this might end up turning into a beautiful short position. As you see the larger symetrical triangle have drawn which is basically drawn from a few weeks that area comes in at around $43. Watch this channel to see if we do get a break in a close below it because this could come in as a nice Swift drop to the downside if we lose it
$RBLX High volume high volatility +/-20% from 36.4Up huge last week from 23.8 to 36.4 almost more than 50% - the volume was huge on Friday which makes confusing. is it new money gets IN or someone was liquidating . so its better if straddle or starngle - odds more in favor of long bullish run - logical scenario to drop down to confirm 30s support then jump and breakout clouds to 40s level and targeting 60-66 at long term. but market still bearish and possible falling down to new low is valid too so any trade should be protected at this point. strangle between 36-37 will cost almost 3 and target at least 6 for next 2 weeks
RBLX and WTZ4RBLX just broke out trading range after it has been consolidating in the range for many weeks. I apply WTZ4 for trade setup and also use my favorite indicator (Awesome oscillator) for enhancing the competitive entry signal. The upper range of the next zone is expected target. Good Luck!
