ROMLUCK

Roblox A downward trend broke out!

Long
ROMLUCK Updated   
NYSE:RBLX   Roblox Corporation
Hello everyone,🙋🏾
⭐️Here again, Romluck with a new trading idea, Trade inside the channel.💡


⭐️About Roblox Corporation develops and operates an online entertainment platform, The company was incorporated in 2004 and is headquartered in San Mateo, California.
⭐️David Baszucki is the founder and CEO of Roblox.

What I see:👀
  • A downward trend broke out👍
  • Supported on trend lines👍
  • Trade inside the channel👍

After a drop of about 80%, the downward trend was broken and now we are shuffling sideways.

First support at $29.
First resistance at $38
followed at $48.
An expected profit of about 20 dollars per share
⚠️Don't get excited! Do not be tempted! Easy money only exists in dreams and movies!⚠️
You need to make an entry and exit plan and a stop loss!

I chose to use a moving average of MA150 days back, it is recommended by many analysts and for the medium-long term work with MA150

⭐️Want to be exposed to the stock indirectly? Choose an ETF..for example

METV - 6.8% Holding percentage in the fund
NASDAQ:VR - 6.4% Holding percentage in the fund
ARKF 1.54% Holding percentage in the fund


The trading ideas I find are after searching and investing time.
Thanks for the like and comment.⭐️

⚠️__🚧___🚧___🚧__🚧___🚧__🚧_🚧__🚧__🚧__🚧__🚧_🚧__🚧__🚧_🚧__🚧_⚠️
There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!⛔️
have fun💃🏿
Trade active:
The entry signal will be when we see a change of direction. The Japanese candles will be above the 150 moving average.✨️

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