$RBLX facing no more roadblocks?

$RBLX facing no more roadblocks?


July 2022


Alex Cole

$RBLX, Roblox Corp, sees Go Trend Continuation Icon (green circle).

Early this month, $RBLX saw price break out of an ascending triangle formation as a "Go" trend took hold.  Now, having found support above those price levels and with GoNoGo Oscillator finding support at the zero line while in the "Go" trend, we see a green Go Trend Continuation Icon.  This indicates that momentum is surging in the direction of the "Go" trend.  Given the last significant high of the preceding "NoGo", we can use that as an initial target around $53.