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American Stocks Analysis
May 29, 2024 5:48 AM

Roblox Corporations stock (RBLX) rose in the intraday levels, with positive signals from the RSI while trading alongside the downward secondary trend line in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $29.55, provided it settles below the resistance of $33.70.

Trend forecast: Likely Bearish

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