Roblox Corporation

![Image upload](https://cdn.commonstock.com/a346c8a9bd0aee1b3f6e53015b0a20de5517cedc70a65da333d0f78754a098be-900x505.png)

$RBLX is still a "patiently waiting on the sidelines" for us.
We both like the business ... a lot ... but neither of us are so keen about the negative earnings and negative free cash flow reported for FY2022.
Technically, current price > 50-Day rising SMA > rising 200-Day SMA is a huge "plus", but the lighter volumes doesn't convince me (Colin) that the institutional "whales" are getting behind the stock yet.
![Image upload](https://cdn.commonstock.com/9a2a5ee508399082fbe2818c540d3c7d4dd4e2be2bb88fa2bc22b5b1811ce8d9-1727x1237.png)
I'd want to see the stock price breach the 23.6% Fibonacci level with some gusto on trading volumes.  Although I'm not a firm believer in Fibonacci levels, I've learnt to respect them because the market often experiences resistance around those levels.
For context, this is how I've drawn the Fibonacci levels:
![Image upload](https://cdn.commonstock.com/abb6dc129d3f828b0303f2f1146fe0fe1aa049cccd6fcac16cef1e8fd64dbc9b-1698x836.png)
$RBLX will remain on our watch list.  We're very bullish on video gaming long-term, and $RBLX seems to be a good business to get exposure in both video games and the currently out of vogue "meta verse", but still debating whether we should gain exposure by trying to pick video gaming stocks we think will be winners or just buying a video gaming sector ETF like $GAMR,  $ESPO or $NERD.

Jazzi Young

$RBLX Buy time Baby?

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