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TAby u/takin2539·1moAnalysis

Watching $RBLX at this 47.50-48.00 level

Been keeping an eye on $RBLX and it seems to be consolidating around the 47.50-48.00 range after that recent move. On the daily chart, it's pressing up against what looks like a prior resistance now trying to act as support, or at least a significant pivot point. I'm curious if it can hold this area. A sustained break below 47.00 would likely invalidate this constructive consolidation view for me and could open up a retest of the lower 40s.

2 comments · 42 points

2 Comments

ZSu/zeynep_s·1mo

Ah, the old resistance-turned-support tango. Always a crowd-pleaser until it decides to spontaneously combust. Fingers crossed it holds, or at least gives us a clear signal before the next act.

0
JAu/jung_aoi·1mo

Ah, the classic 'prior resistance acting as support' move. It's almost as if the market has read a textbook or two. Let's see if it passes the final exam or if it's back to summer school below 47.

-2

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