ROBLOX is about to head to $48+ well in theory if .618 is held at 33.50 and change, then 60.93 is likely by July!
TipRanks has the average analysts predictions at around $50, which is also a key level at $48-$50
This is why I love swing trading - you can be in a HTF long trade while still making money on the pullbacks.
Follow along for continued analysis
Happy Trading :)
- TraderDaddyOG
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
This is what we should see going forward if we want to continue with a healthy move up to retest orange tapered selling and beyond.
Happy Trading :)
- TraderDaddyOG
When I put out a video of this last week, the main reasoning was our sell-side tapering and clear liquidity building within our tapered orange selling channel.
We are now well on our way toward a HTF breakout and have a fully bullish outlook.
Happy for all who joined me on this move!
Happy Trading :)
- TraderDaddyOG
NYSE:RBLX Roblox Bearish to Bullish Reversal Trend Line Break. The technical analysis for Roblox indicates a transition from a bearish to a bullish trend, marked by a breakout above a key trend line. This reversal suggests a shift in market sentiment from negative to positive, potentially signaling further upward movement in the stock's price.
Looks how many times has tried to break the 45 level. Also has been consolidating for a long time. Now is sitting on the 42 level, not a very important support but could be enough to push another try and break out. I don't have a SL here, even is the 42 level is broken down there is another support at 35. I would buy more there. First target 53, then will see.
I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S.
Stay tuned, Happy Monday, and...
Happy Trading :)
- TraderDaddyOG
Tapering Tapering Tapering!
Looking for a buying continuation activation and breakout of our controlled selling algos.
If you look on the daily chart as well, you'll see a massive (beautiful) Inverse H&S pattern forming.
Happy Trading :)
- TraderDaddyOG
NYSE:RBLX
'Jade Lizard' Trade (expires JUST before earnings)
Call Credit Spread:
+1 $44 call 5/3
-1 $43 call 5/3
Short Put:
-1 $37 put 5/3
Credit received: $253
Outcomes @ Expiration:
1) If share price is above $44, then $153 profit (close call credit spread for $100).
2) If share price is between $37 and $43, then $253 profit achieved (via credit...
hi Traders,
Let's have a look at RBLX on the weekly time frame.
RBLX has been in a accumulation zone since May 2022 when the price found a bottom.
However, the price has been getting rejected at the 47 $ resistance which is also a 0,786 fib level.
From another hand, the accumulation has last forever and not sure if we're going to get another retest of the...
A World of Endless Possibilities
Roblox ( NYSE:RBLX ) isn't just a game; it's a universe where users become creators, architects of their own virtual realms. With its user-generated content model, Roblox ( NYSE:RBLX ) empowers millions to build, share, and explore immersive experiences. From bustling metropolises to fantastical realms, Roblox ( NYSE:RBLX ) fosters...
What a range we have here on RBLX. With higher lows into a strong resistance, Its certainly looks bullish, but we need to wait, and it may be quite some time we will be waiting for. You can range trade this of course, but we are tightening up now so its going to get a bit choppy.
There are 5 basic ways to trade a Gap or any line. In this video, I discuss two ways to enter the market using a Gap before I make the trade plan. The Gap entry techniques by themselves are of little use, but if we make a few distinctions in market structure and the process of a swing cycle, they can become functional.
Swing cycles have a process that they go...
The previous power earnings gap resulted in small consolidation and a wave upward. With another recent strong earnings followed by a small consolidation hints towards history repeating itself. This is a relatively safe mid-long term play. Best of luck!
Thank you as always for watching my video. I hope you learned something very educational. Remember! Trading is very risky. Only risk what you are willing to lose.
