Roblox (RBLX) demonstrates strong technical momentum and set a new 52-week high on Friday, June 6. ・RBLX has a 100% technical “Buy” signal via Barchart. ・Shares are up nearly 170% in the past year.

As I see it, there has been no major risk-updated since I have last covered ... as expected for late 2023-or ever. Second, Roblox' value thesis is in the future, which is speculative.

Roblox continued to consolidate mostly sideways after a 30% move higher between Jan. 28 and Tuesday. Both stocks look set to head higher if the bullish signals on their charts play out because ...