Roblox is an online gaming platform created in 2004, allows users to design and create multiplayer games and share them with friends and other users.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $74,00; stop-loss — $60,00; take-profit — 116,00/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Hi nice one! Is there any other elaboration you can offer on why else you are bullish?
Chaython
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@Qurky, Market Cap is currently 45b that's 18x minecraft's sale price, 2x Take Two Interactive [Grand theft auto V(top grossing media product of all time)]. If you like fundamentals this stock is terrible, if you like meme stonx go up then buy away.