Buy RBLX slightly over 43.95, target 44.73, Stop Loss 43.85 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 44.73, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 44.86 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of RBLX if it tests 44.73 with a downside target of 41.99. Short RBLX slightly near 44.73, target 41.99, Stop Loss 44.86.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 44.73, initial resistance, would be breaking higher, so a buy signal would exist. 44.73 is the first level of resistance above 43, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 44.6 in case the stock turns against the trade. If 44.73 begins to break higher, the technical summary data tells us to buy RBLX just slightly over 44.73, with an upside target of 45.92. Buy RBLX slightly over 44.73, target 45.92, Stop Loss 44.6 Details.In this case, if resistance 45.92 is being tested, a short signal would exist. 45.92 is the first level of resistance above 43, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 46.05though. The technical summary data is suggesting a short of RBLX as it gets near 45.92 with a downside target of 38.67.
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