SJ-TRADES

RBLX Strong Growth Potential - Roblox

Long
NYSE:RBLX   Roblox Corporation
I am Familiar with this company as all my children play or use some game on the

Roblox Network . Upon having to submit my debit card info to the kids to top up on some power they need

in game or to reach a new level I can say that Roblox have captured there market very well .The Kids to Play and the Adults to Pay .

With better than expected results on the last earnings and the current picture on world affairs I can see a strong argument for growth in this sector .

This is a newly listed company and as drawn on the chart we are trading within a Ascending Channel and are currently testing the top of the channel.

We may break out of the channel but I expect to back test support which sits at the point of control and a FIB .618 pull for additional confluence.

This will be a great Buy opportunity when it presents itself , in the meantime set an alert close to this region and be prepared to pull the trigger for a stock that

has Strong growth potential .

Ensure you know your Invalidation and use a SL , any questions then please ask , Drop me a LIKE and FOLLOW for regular Setups.






Comments

It seems it follow meme stock :)

This been going up so much and I agreed with the support but will this stock pull back that low. Consider call volume for $120 so big for June 18
Reply
SJ-TRADES kidzmoney
@kidzmoney, What goes up must come down :) Of course there is no answer as to when but this is where my orders will sit . If of course anyone wanted to scale in then buying at the .382 85/88$ region is also an option
Reply