RBLX, another tech company i believe is setting up for a good swing trade at these levels. This stock has been crushed as of late but it looks like it may be reversing.
Price as broken out of the falling wedge and seems to be testing the parallel trend line before moving up.
The 50 sma is acting as resistance but if the price can break that level, i believe it will gap uo given the gap that is shown on the chart.
PT are 58, 67 and 81.
i believe a stop loss should be placed at 45 or even higher like 48.
DYOR.
Price as broken out of the falling wedge and seems to be testing the parallel trend line before moving up.
The 50 sma is acting as resistance but if the price can break that level, i believe it will gap uo given the gap that is shown on the chart.
PT are 58, 67 and 81.
i believe a stop loss should be placed at 45 or even higher like 48.
DYOR.
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