MikeMM

As the tech rally pulls back, expect an 886 retrace from blox

MikeMM 업데이트됨   
NYSE:RBLX   Roblox Corporation
Id be a buyer down at those levels. I do think there's a coinflip chance we get it. so not shorting, but waiting in cash.

코멘트:
Almost there. Reply guys in comments in pure disbelief.
코멘트:
My bid is at 27.95

It is only a small one for now. I would like to see market structure before going big.

Its possible we test a double bottom.

If it stops at 27.95 we would be in a 3 rising valley situation, would be cool.
코멘트:
It is entirely possible we do not even reach my target, and that people consider this triangle support.

I would miss out, but thats alright. 100000 other stocks out there.

코멘트:
I have re-assesed this.

We are either a gartley (bottom is in.)

or a crab (bottom is a ways to go.)

코멘트:
One would expect a reaction right now, if it is a gartley, then if we are lucky enough, a type 2 return back to the PCZ where you enter the stock.

So for now, no action, unless you want to risk longing an unconfirmed type 1 PCZ
코멘트:
Ill just be honest, that does not look like a very reassuring close.

I think 12-14 dollars is a real possibility here.

코멘트:
We are extremely oversold on the RSI. At the very least I think we take a break and go sideways...

Maybe a bounce occurs... wouldnt think much of it though, still targeting lower.

I am willing to change my mind on how low, if we were to build a reasonable structure which shows we are reversing...

코멘트:
Updated cause it looks like a backetest failure to re-enter range... lower still i really think.

코멘트:
Today should bring more calrity to direction.

Ill give the benifit of the doubt that this prior low could be held as support now, as the rsi seems to be showing a bullish divergence, if this bounces.

코멘트:
we do have a bounce, but I remain unconvinced. i think lower still.

The DXY is trending up with no end in sight. yields rising which is awful for blox...

코멘트:
Looking more and more like that was the bottom... My mistake.

however, it is still significantly lower than where we avoided the company...

I will monitor it for an entry and post it if I see one... for now I bought UNITY as my gaming play, and that ship has not already sailed.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.