RBLX on the 4H chart is presently at the low extreme in its trading range over the past six
months with the VWAP bands and volume profile overleaid. Pivot highes in the winter were
in the 46-47 range while the 2023 pivot low was 25. RBLX is a kid's favorite and compets
well with the other competing gaming setup. At present price touched 26.75 on 4X relative
volume ( selling). This is an obvious bottom. I will puck up a long trade here targeting
the VWAP and POC lines at the range of 37.50 to 39.50 and so seeking a profitable trade of 20-
25% overall in two pieces at the respective levels. Call options will be entertained if
there is sufficient volume to support ease of liquidity.
months with the VWAP bands and volume profile overleaid. Pivot highes in the winter were
in the 46-47 range while the 2023 pivot low was 25. RBLX is a kid's favorite and compets
well with the other competing gaming setup. At present price touched 26.75 on 4X relative
volume ( selling). This is an obvious bottom. I will puck up a long trade here targeting
the VWAP and POC lines at the range of 37.50 to 39.50 and so seeking a profitable trade of 20-
25% overall in two pieces at the respective levels. Call options will be entertained if
there is sufficient volume to support ease of liquidity.
Comment:
Sideways. Patiently holding.
Comment:
RBLX moved up with good volume. STop loss above break even. Trade is risk free.
CAll options gained 35%
CAll options gained 35%