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Benzinga

Business

Melanie Schaffer

Could Roblox Soar More Than 80% In Reaction To This Pattern? Technically Yes, And Here's Why

Roblox NYSE RBLX Roblox Corporation

Roblox Corporation (NYSE:RBLX) retested its all-time low near the $36 level on Wednesday, plunging over 12% lower in a continued downtrend that the stock has been trading in since March 23.

If Roblox continues to hold above the level, the stock may react bullishly to a triple bottom pattern created in combination with similar price action on March 14 and March 15.

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One subscription that gives you access to news from hundreds of sites

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