$RBLX is Ready for the Next Big Move: Break or Reject the Downtrend?

$Roblox Corporation(RBLX)$ now priced at $38.75, it announced third-quarter results beat estimates last week.

@BullishBritt, Owner & Founder @Flowtopia_co

In this week’s first two trading days, $Roblox Corporation(RBLX)$ showing an upward trend, it has not yet broken through last week's high. According to the observation of BullishBritt, Owner & Founder @Flowtopia_co, he believes that rblx needs to make a decision to break out of the form.

2 Scenarios here:

- Break the downtrend to the upside & see $44+

- Reject the downtrend and head back to sub $35

As of now, public market for like TipRanks analysts’ price target expectations for $Roblox Corporation(RBLX)$ are:

Based on 20 Wall Street analysts offering 12 month price targets for Roblox in the last 3 months. The average price target is $41.11 with a high forecast of $54.00 and a low forecast of $21.00. The average price target represents a 6.09% change from the last price of $38.75.

What do you think?

Do you think $Roblox Corporation(RBLX)$ will break out to the upside or fall to fill the gap in the short term?