NYSE:RBLX   Roblox Corporation
I’m watching this like a hawk right now because I’m looking for a potential entry on a short position. If we look at what Roblox has done, we did make a beautiful double bottom after testing the $34-$32 range as well as a nice break out of a symmetrical triangle that around $32 we broke to the upside and we smacked our head against some pretty strong resistance. During this breakout we created an up trend channel and currently we are testing that support and clinging here patiently waiting to see if it’s going to be able to catch a bounce or if it’s going to fall back down and have to retest $32-$34 range. Personally I’m thinking this might end up turning into a beautiful short position. As you see the larger symetrical triangle have drawn which is basically drawn from a few weeks that area comes in at around $43. Watch this channel to see if we do get a break in a close below it because this could come in as a nice Swift drop to the downside if we lose it

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