Online Gaming Name Vulnerable to Breakdown into Gap Fill
Roblox (RBLX) shares are forming a bear flag after breaking under monthly value last week and now vulnerable to breaking under 50 if the market stays ugly. RBLX has a lot of resistance in this 55-57 region on the chart with the stock potentially heading back to the untested VPOC near 45 where the earnings gap from November sits. RBLX has seen a lot of opening call sales in open interest from early in the year so likely has a ceiling in place even if the market does have an oversold ripping rally, making pops into the 21 EMA likely short setups.