Penny stock 30 RSI bottom I have kept my eye on this roblox stock. this company makes custom fortnite/roblox worlds for brands like Kraft,visa,universal, and more. For example Paramount hired them to make a gladiator world to advertise the new movie. they have proved this form of advertising is successful. currently it is in talks with a billion dollar company (Infinite reality) to form a deal/semi merger. more details about that on the next post.
SLE just broke down from multi month support. I see this as final capitulation before the deal with IR is final. there is a good risk to reward trade buying it around .40 - .45 and then selling on the backtest of the break below .50
after that it depends on if the deal with IR is successful.
NASDAQ:SLE AMEX:SPY
