$RBLX
Added 2024-03-23 00:26:52 +0000 UTCFundamentally this company is a mess but there are a number of optimistic analysts thinking this is a moving higher....Zachs also has this rated as a strong buy.
Technically the chart is not as bad as its fundamentals look
Pull back now to the 200 Day MA and the 0.5 Fib at $36 and held support here to finish the week
A bounce here back out of the wedge and this is into Subwave 3 of Wave 3.....with an enormous upside target of $76.
This is not my opinion, this is what the technicals are saying.
The one variable is the blue line at $53....price could reject here and this could consolidate sideways, as it has done since the start of 2022....between $21 and $53.
Comments
like this stock for trading . looking at triple bottom before any tremendous leg up . but can start position slowly at 30
Jedi
2024-03-23 04:34:24 +0000 UTC
