Roblox Corporation
Long
Updated

$RBLX bounce to $80-94?

406
RBLX looks to be putting in a short term bottom at the bottom of this structure.

I'm anticipating a breakout of the structure from here and looking for a target of $80. From there, I lean towards a retest of the structure before seeing continuation higher.
Note
This idea is likely invalidated. I can see further downside. If it doesn't break out by 3/15 or so then I think this idea is invalidated.
Note
Invalidated. I think we're going lower.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.