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  • Writer's pictureTLivingstonBlog

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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Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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