The stock may continue to trade within the flag pattern until either pattern resistance or support is broken. A further move in the same direction could occur.

Roblox Corporation (NYSE: RBLX) was relatively flat in the premarket on Thursday after rallying 6.57% on Wednesday, breaking up from a bull flag pattern on the daily chart.

What’s Next For Roblox? Roblox falling out of the bullish flag pattern shows that the stock was not ready to make another leg up. Following the drop, there may be a period of consolidation ...