The measured move of the flag is 23%, indicating that Roblox could potentially trade up towards $46. This pattern is characterized by a sharp rise in the stock price, forming the pole, which is then followed by a consolidation pattern that brings the stock lower within a channel with parallel lines or a tightening triangle pattern. On May 18, 2023, Roblox Corporation (NYSE: RBLX) experienced a significant breakout from a bull flag pattern on the daily chart, resulting in a 6.57% rally on Wednesday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |