$RBLX is stuck between a rock and a hard place here, with the trade favoring the downside.
We're coming up on an overhead resistance at 64.5, while also running into heavy trendline resistance established all the way back in November.
I personally think we reject and visit 60 this week, though there's also a possibility of a double breakout which could lead us up to 70, and then 77.
Breakout is validated above both trendline supply, and general 64.5 resistance.
We're coming up on an overhead resistance at 64.5, while also running into heavy trendline resistance established all the way back in November.
I personally think we reject and visit 60 this week, though there's also a possibility of a double breakout which could lead us up to 70, and then 77.
Breakout is validated above both trendline supply, and general 64.5 resistance.