RBLX trade ideas
Will history repeat it self? RBLX bullish and bearish scenarios For bullish case: Roblox had a massive run day after its earning report. There is a strong support around 72-75$ range, the down trend from after market sell off will create a nice double bottom and a nice retest for a triangle breakout. This could trigger bullish momentum where it could possibly test its ATH.
Bearish scenario; The price couldn't create higher high after bouncing off from 72$ support and creates a head and shoulder patter causing the the price drop to 62$ range.
I drew both bullish and bearish scenarios. If you have any stocks that you would like me to analyze, pls let me know.
RBLX: No games here in its pre ER setupRBLX: No games here in its pre ER setup
-ER reporting on Monday 8/16/2021 after close (watch for volatility & price reaction once Q2 report/guidance is delivered)
-Long sentiment dictated by prime setups:
-Continuation and break out of falling wedge
- Price action established over key MAs (9, 20) & reclaim above POC
- Participant activity at key Fibonacci derived levels
- Harmonic observation (XABCD Pattern, Gartley)
Roblox trade setup$RBLX broke out above this intermediate-term trendline and is consolidating. Active traders can use Friday's candle for both an entry and stop. Swing trading in this market environment has not been working lately, but if you wanted to try, give it a little more room if it triggers. Possibly a stop around $78.00
$RBLX: Roblox has massive upside...$RBLX has come a long way down and found support at previous accumulation levels, we had a nice jump, as bulls expect earnings to go well. I'm bullish on the in game economy and the popularity of the game rising periodically. I do like the chart a lot here as well, and reward to risk is very good, so a buying opportunity on dips is in the cards. Keep an eye on it, if you are up for the year, you can risk buying before the earnings report, if not, wait to buy the next dip into support AFTER the earnings report is out of the way.
Best of luck,
Ivan Labrie.
Roblox. Buy? Sell?Hello, everybody! And welcome to my profile @HankGamez47. I'm a young, specifically an 11 year old boy. I am interested in stocks.
Anyway, I'm here to tell you my predictions on this stock. Since I get a lot of hate on cryptos I'm trying out a non-crypto stock.
The stock I'm talking about today is my favorite video-game and is a newer stock. It's called Roblox!
Many people have bought this stock. Even a gaming YouTuber bought this. Ok, now to actually talk about the stock.
The Reason To Buy Roblox: Roblox is soon having a thing called an "earnings report". It's where it tells them how much money they made.
It comes out August 16th 2021 and its expected to be good, but u can never really trust a prediction. AND NO THIS IS NOT A PREDICTION, IT'S FACTS.
Anyway when the earnings report comes out it will most likely skyrocket for a couple days. Then it will come back down and maybe something will happen
like they made a trade and gained a couple million dollars. Or maybe something bad will happen like a lawsuit which whey are in right now.
If they lose this lawsuit then their stock will go on a bear run. By the way the law suit is suing them for around 200 million dollars.
THAT'S A LOT OF MONEY. Their net-worth is around 2 billion dollars, as of August 2021.
Well if you read all this then thanks for reading! Please like my idea!