Roblox has found support below and now looks to target the green resistive area.

Technicals

Roblox has found support below and now looks to target the green resistive area at $51 - $53. There is plenty of support below, initially the trendline support at $43.25. A break here could take the stock down towards the moving averages at $37 and then $35.50. Towards the upside initial targets are $51. A break here could take Roblox towards $54. Roblox stock has rallied well since the June lows so a pullback towards the red trendline is very possible, this could help provide a good long position. The moving averages are also turning more positive as the days go by.