RBLX has broken previous resistance; now turned support. The following highlights key points 1. Breakout Candle; closed above resistance 2. Breakout Candle with above average volume 3. New Support Zone has been established 4. Major Impulse wave retraced to .618 5. MACD bullish 6. Target 1- Trendline Resistance 7. Target 2- Resistance area/zone...
Keeping an eye out for the break of handle around $116. Holding nicely on the 8ema. First target is the test of 52 week high at $124.89. A solid push above that can lead to the 2nd target of $133-$134 which is approximately the measured move. Although stochastic is in the overbought region it is crossed up signaling more upside to come.
Nice explosive move (flagpole) out of consolidation; followed by a pullback (flag). A bounce off 8ema for a breakout and continuation move to $35-$36.