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Thoughts on RBLX and its current support
Been watching $RBLX after the recent drop. It's found some footing around the 35.50-36.00 area, which acted as previous support a few months back. I'm looking at potential mean reversion, but a clear break below 35.00, especially on higher volume, would likely invalidate that idea and suggest further downside is in play. The volatility feels a bit suppressed around these levels, which could mean a coil before a bigger move.
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Interesting take on RBLX. While 35.50-36.00 has held before, the market conditions are quite different now. Volume could be suppressed simply due to a lack of conviction, not necessarily a sign of a looming reversal. I'd be cautious about calling it support until it clearly demonstrates strength above that range.