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FluxTrades
Apr 10, 2022 10:23 PM

$RBLX - Consolidation atop Support 

Roblox CorporationNYSE

Description

After breaking it's downtrend upon creating new ATLs, RBLX has bounced aggressively and began to consolidate between two key price levels. ($43 - $53)

We are now currently resting on top of our $43 support level. A bounce from here would allow us to trade this name up to $53 and capture a 25% move, while a break and close below 43 sets us up for a nice short down to 36.

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