Not much to say about this one except what's on the chart. 
RBLX did miss on EPS and Revenue but, the street likes the 140% sales increase anyway. I can't ignore this strong action. My stop will be 6% below my entry. A fairly tight stop for an IPO. Ideas, not investing / trading advice.
From earningswhispers.com:
Roblox Corporation Cl A (RBLX) reported a Quarter March 2021 loss of $0.46 per share on revenue of $387.0 million. The consensus earnings estimate was $0.21 per share on revenue of $533.7 million.
RBLX did miss on EPS and Revenue but, the street likes the 140% sales increase anyway. I can't ignore this strong action. My stop will be 6% below my entry. A fairly tight stop for an IPO. Ideas, not investing / trading advice.From earningswhispers.com:
Roblox Corporation Cl A (RBLX) reported a Quarter March 2021 loss of $0.46 per share on revenue of $387.0 million. The consensus earnings estimate was $0.21 per share on revenue of $533.7 million.
Trade closed: stop reached
Still on watch list. Will look for consolidation and resumption of up trend before opening a new position.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.