1. Massive Base Breakout (Multi-Year Accumulation)
RBLX spent 2+ years in a tight range ($23–$51), forming a strong accumulation base. Breakouts from multi-year bases often result in multi-month uptrends, not just quick pops — this could be wave 1 of a new bull cycle. The overshoot above the measured move ($79–$82) can suggest strong institutional accumulation, not just retail FOMO.
2. Momentum Is Strong, Not Weak (Yet)
RSI at 81.33 is overbought, yes — but in bull markets, RSI can stay overbought for weeks. MACD still has positive momentum — no crossover yet. It’s flattening, but not bearish. This might be early in the momentum cycle, not the end — especially if a small consolidation fuels the next leg.
3. Sentiment Flip – From Dead Money to Growth Revival
Roblox went from being a forgotten COVID bubble stock to surprising with user metrics, engagement, and monetization. Analysts and funds may be re-rating the business model as more durable and scalable — narrative shift = sustained interest. This explains the volume surge at breakout and the lack of immediate selling even at overbought levels.
4. Short Squeeze / FOMO Acceleration
After years of underperformance, some shorts are still in the name. Breakout + volume + lack of sellers = short squeeze + FOMO-led extension. If this extends, $100 psychological target is in reach.
5. Fib Extension Zone
If you apply a Fibonacci extension from the base, next levels are:
1.618 extension ≈ $92–$95
2.0 extension ≈ $100
Bullish Continuation Setup
Minor pullback or sideways chop (RSI cools)
Followed by strong volume + breakout over $90
Confirmed by MACD holding trend and RSI avoiding sharp revers
RBLX spent 2+ years in a tight range ($23–$51), forming a strong accumulation base. Breakouts from multi-year bases often result in multi-month uptrends, not just quick pops — this could be wave 1 of a new bull cycle. The overshoot above the measured move ($79–$82) can suggest strong institutional accumulation, not just retail FOMO.
2. Momentum Is Strong, Not Weak (Yet)
RSI at 81.33 is overbought, yes — but in bull markets, RSI can stay overbought for weeks. MACD still has positive momentum — no crossover yet. It’s flattening, but not bearish. This might be early in the momentum cycle, not the end — especially if a small consolidation fuels the next leg.
3. Sentiment Flip – From Dead Money to Growth Revival
Roblox went from being a forgotten COVID bubble stock to surprising with user metrics, engagement, and monetization. Analysts and funds may be re-rating the business model as more durable and scalable — narrative shift = sustained interest. This explains the volume surge at breakout and the lack of immediate selling even at overbought levels.
4. Short Squeeze / FOMO Acceleration
After years of underperformance, some shorts are still in the name. Breakout + volume + lack of sellers = short squeeze + FOMO-led extension. If this extends, $100 psychological target is in reach.
5. Fib Extension Zone
If you apply a Fibonacci extension from the base, next levels are:
1.618 extension ≈ $92–$95
2.0 extension ≈ $100
Bullish Continuation Setup
Minor pullback or sideways chop (RSI cools)
Followed by strong volume + breakout over $90
Confirmed by MACD holding trend and RSI avoiding sharp revers
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.
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.