Roblox ends cautiously higher - Analysis - 24-11-2022

Roblox's stock (RBLX) rose in the intraday levels, while hurt by piercing the upward correctional short-term trend line, with negative pressure from the 50-day SMA, marking a cautious profit of 3.76%, or 1.16 points, and settling at 32.00.

Therefore we expect the stock to return lower, targeting the pivotal support of 23.88, provided the resistance of 36.04 holds on.

Expected trend for today: Bearish