Looking at the weekly chart i nocitchs a double bottom setting up so im keep my eye on this for some time to come it still have away to go before it make it to the breakout level of $54 so put this one on your list
📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red =...
Roblox
Short Term
We look to Buy at 35.79 (stop at 30.79)
We look to buy dips. The trend of higher lows is located at 32.90. Previous resistance level of 36.00 broken. Posted a Double Bottom formation. Further upside is expected although we prefer to set longs at our bespoke support levels at 36.00, resulting in improved risk/reward.
Our profit targets...
Before placing a strangle option on this particular stock, yesterday i was monitoring the options market for a possible outcome.
And it was extremely interesting to see that the high conviction trades were slightly bearish: 5.2K Puts and only 2.3K Calls yesterday.
And guess what happened at the earnings today:
Revenue: $568 million vs $604 million...
Price has poised itself above this channel that has formed
A comparison can be made to a previous price point that is very similar
I expect we will see a comparable bounce (oval)
This is further emphasized by the RSI
Doubled position size today as RBLX came through the highs on good volume. Stop loss raised up below the most recent swing low, as well as the PEG day anchored VWAP & the anchored VWAP from the double bottom.
Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
RBLX stock has been having a great Bullish movement in the last 2 weeks where the price jumped up from the $82.23 and reached $140.55 level today, That is a 70.9% increase...
RBLX had a massive earnings gap, opening up nearly +30% from the previous day's close & closing out the day up over 40%.
It has since pulled back, making lower highs & lower lows until this morning. It made an equal low (that undercut the PEG day low) & has since made a higher high.
Bought a starter position. About 40bps risk with my stop at the double-bottom...
RBLX 4HR Chart
---------------------
TA
Nice bounce off 74-75 level with a nice retrace to the .618 of may lows & june highs (63.97-103.92). Filled the gap at 76.33 w/ a nice symmetrical triangle setup. Strong movement started today for breakout to the upside for a confirmed reversal. 76-78 dip I'd look to go long, targeting 100+.
Key Levels
Support: 74.60,...
RBLX Daily TF
Roblox on discount, as price continues to drop due to a decline in active users. After a massive rally to ATH its only right we see a pullback before the rocket takes off again. Has a bit more room for a golden retracement to .618 level (76.96). Wouldn't jump the gun on calls just yet unless downtrend is broken which signals reversal or we get a...
