$RBLX: Will Delta Reopening Imply Pain For Stay-At-Home Names?We can see some significant underperformance by RBLX as it makes it way to the bottom end of this triangle, as the market begins to favor reopening names like consumer services space evidenced somewhat by XLY's relative strength in the current market, will that mean RBLX will continue to underperform? We shall see. Good luck traders
RBLX trade ideas
$RBLX Bearish Gartley Roblox one of my favorite stocks that keeps giving.
Roblox has formed a Bearish Gartley pattern
I do believe we have completed a type 1 reaction and if .618 fib $79.23 holds as support we can expect a type 2 reaction giving us a reversal toward $91.20
my long target is $112 which would be our ATH for Roblox
I do have a bearish scenario as well which I will post later on today, but I do think ROBLOX has a bullish sentiment toward it.
RBLX Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
RBLX: Potential multibagger!A big company with lots of potential! Fundamentally, I think it has captured lots of upside. As it continue to grow, might even be bought out by big corporations like Microsoft.
Anyway, back to technical analysis.
Broke out of a down trendline back in the beginning of August, and an exhaustion gap right at the trendline! Market wasted no time in closing the gap within the same day.
Looking to enter at this retracement.
Entry = $85
Stop Loss = $82
TP1 = $90
Mainly to hold long term.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
RBLX Long to $90-95, Key Breakout and Options ActivityRBLX today (aug 23) has broken the daily SMA 50-200, where the price has been trailing under for the last 9 trading periods.
Watching tmr for a break of $85, thin resistance up to the ATH may lead to a gap up if the overall market holds.
Key targets are the fib golden pocket at $90, as well as longer term $100 PT for ATH.
These are supported by massive OTM call option volume today on the 90 and 95 strikes. (17 Sept 90 C, OI=3.4k, Vol=15k)
Near term risk to be aware of is IPO share lockup expiration.
I only post trades with high conviction over frequency, if you vibe drop that follow. GL
RBLX: Crucial point at $90Strong break of the flag on RBLX, yesterday price action was solid. A break of $90 and I think we could see a retest of previous highs around $94. $90 is crucial point to see if it could hold the trend or else rejection might happen. RBLX is one of Cathie's Wood favourite stock as well.
$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.