In this case, 40.21, initial resistance, would be breaking higher, so a buy signal would exist. 40.21 is the first level of resistance above 40.12, and by rule, any break above resistance is a buy signal.

The data also tells us to set a stop loss 40.12 in case the stock turns against the trade. If 40.21 begins to break higher, the technical summary data tells us to buy RBLX just slightly over 40.21, with an upside target of 41.70. Buy RBLX slightly over 40.21, target 41.70, Stop Loss 40.12 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, 41.70, 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 41.82 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of RBLX if it tests 41.70 with a downside target of 39.23. Short RBLX slightly near 41.70, target 39.23, Stop Loss 41.82.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 41.70, initial resistance, would be breaking higher, so a buy signal would exist. 41.70 is the first level of resistance above 40.12, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 41.58 in case the stock turns against the trade. If 41.70 begins to break higher, the technical summary data tells us to buy RBLX just slightly over 41.70, with an upside target of 46.84. Buy RBLX slightly over 41.70, target 46.84, Stop Loss 41.58 Details.In this case, if resistance 46.84 is being tested, a short signal would exist. 46.84 is the first level of resistance above 40.12, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 46.98though. The technical summary data is suggesting a short of RBLX as it gets near 46.84 with a downside target of 38.99.

Short RBLX slightly under 46.84, target 38.99, stop loss 46.98 Details.In this case, support 38.99 is being tested, a buy signal would exist. 38.99 is the first level of support below 40.12, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 38.88 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy RBLX near 38.99 with an upside target of 46.84. Buy RBLX slightly over 38.99 target 46.84 stop loss 38.88 Details.

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