Roblox is currently in an interesting place. It looks like the inverse head and shoulder may be forming with the neckline at $52.36 area. If the price can break above $53, the pattern break out is confirmed with the price target of $65.
Target 1 - $53
Target 2 - $65
Stop - $40
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
Target 1 - $53
Target 2 - $65
Stop - $40
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.