$RBLX looking to fill gap

$RBLX looking to fill gap


October 2023


Alex Cole

$RBLX has been climbing higher since the lows in late September.

Now, with a "Go" trend established, price is testing the horizontal resistance we can see on the chart from the low of the large gap from August 9th. GoNoGo Oscillator broke through the zero line into positive territory late September as GoNoGo Trend began painting amber "Go Fish" bars of uncertainty.  We now see GoNoGo Oscillator retesting and finding support at the zero line as GoNoGo Trend paints another strong blue "Go" bar. With momentum resurgent in the direction of the "Go" trend we will watch to see if that gives price the push it needs to get above resistance.  If it does, we will look for the gap to be filled and so look to target the top end of the gap shown by the second horizontal line.