RBLX price moved with no mid-term consolidation straight into the macro resistance zone outlined in my June stock trend structure analysis. There it has found resistance and is potentially forming a lower high. I am expecting more downside in the coming months as long as price remains below 140 local resistance.
RBLX pedo news have been here since last year guys. Stocks not going to drop to 0 just because a state is suing it. It will drop when creators leave en masse, unlikely to happen since they get paid so well. Or drop when daily active users drop a lot. Even whole countries banning the app doesn’t affect it. Even being a billion dollars in debt and projected to lose money for the next 10years doesn’t seem to faze hedge fund and institutional investors, because they are looking at revenue growth and user growth QoQ, YoY. As long as these keep climbing, the stock will likely be on a long term uptrend. I know stories matter because they are close to us emotionally, but don’t go shorting until you’re bankrupt. Just put some money in long dated put options and ride it down, eventually.
RBLX Lots of people whining about Roblox. Teach your children not to meet up with strangers online folks... This is a video game platform. Anything that attracts kids will attract predators. Watch them, talk to them, teach them...and enjoy the games.
RBLX this is the same thing that happened with Facebook and continues to happen with Meta… no one cares they will keep investing. Its disgusting behavior reinforcing the preying upon of children for profits
RBLX price moved with no mid-term consolidation straight into the macro resistance zone outlined in my June stock trend structure analysis. There it has found resistance and is potentially forming a lower high. I am expecting more downside in the coming months as long as price remains below 140 local resistance.
