RBLX Exhibiting Leadership Potential
Online video game website Roblox ($RBLX) continues to be the number one stock on my radar as it exhibits many qualities of a potential leader. The market environment has just been terrible for growth traders the past few months, but things can change very quickly. Flexibility is a trait all traders must possess to profit in the market. If conditions improve, I can see RBLX leading the market higher. This recent IPO has four quarters of accelerating sales and is estimated to be profitable in 2021.
From a technical perspective, RBLX has been tightening up really well the past few weeks. I'll continue to watch it closely in the coming weeks to see if it can clear recent resistance.
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