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Juliac
Jul 7, 2022 3:39 PM

RBLX - trend reversed up? Long

Roblox CorporationNYSE

Description

RBLX fomed a mini double bottom and had been reversing up, testing the neckline at 36.4 before eventually breaking above on strong volume 2 days ago (5 July).

It is now consolidating in a mini bull flag and the next breakup above 39 would increase it's odds of heading towards 50.

However a reversal below 33.90 would negate this bullish momentum.

Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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