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.
Not quite 1%. BUT $45 is a STRONG roadblock. RBLX HAS BEEN trading sideways for a while.
The longer it chops around, the better for this covered call.
If I get called away at $50 - I will be profitable on this position.
I have some shares in my son Gabe's long term account. I am NOT scared if we sell them for a gain at $53
Buy low, sell high.
If your kid plays RBLX, get some money back....
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 48/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
It looks like roblox has gotten into some resistance and will most likely see a pullback. This pullback could only go a bit down and retrace to break the resistance or it could go back to the bottom of the support on the channel.
RBLX has been beatdown relentlessly since the covid top. Now down $100 from the peak, has been trying to break past $48 since October 2022. Now touch the pivot 5 times since then, and with 2 quarters in a row of positive earnings, it's looking increasingly likely it will happen. Made a PEG last earnings, and is now sitting above the major EMAs. Not the best name...
If you haven`t bought the dip on RBLX before the previous earnings:
Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.79.
If these options prove to be...
See text on daily chart. TLDR; gap up on ER to top end of a huge stage 1 base. May need some time, but if it goes, it has potential to go far & go quickly.
The title under analysis is showing a newfound strength that will allow it to reverse the long-term bearish trend. An accumulation phase has indeed been created, dictated by the sideways movement that has given rise to an "inverse head and shoulders" or triple bottom pattern. This is further confirmed by the decreasing volumes on the selling side, which are...
Roblox ( NYSE:RBLX ), the youth-centric gaming platform, has sent shockwaves through the market with its latest earnings report, surpassing analyst expectations and painting a promising picture for its future. With a surge in daily active users and robust revenue growth, Roblox ( NYSE:RBLX ) is not just a gaming platform anymore; it's a glimpse into the burgeoning...
RBLX is looking really good after bouncing off the 200 EMA, holding above the 50 and 20 EMAs and now working on a double inside candle day. MACD about to flip bullish as well. If the market doesn't totally collapse this looks like an A+ setup to me. Targets $44 and then $48 breaking that resistance.
NYSE:RBLX
'Jade Lizard' Trade
Call Credit Spread:
+1 $47 call 2/9
-1 $46 call 2/9
Short Put:
-1 $38 put 2/9
Credit received: $190
Outcomes @ Expiration:
1) If share price is above $47, then $90 profit (close call credit spread for $100).
2) If share price is between $38 and $47, then $190 profit (credit received).
3) If share price is below $38, then I...
