Chart Wars: Why Bears Are Salivating Over Roblox And Microsoft

$Microsoft(MSFT.US)$ -0.07+ Free Alerts and Roblox Corporation $Roblox(RBLX.US)$-2.96%
$Roblox(RBLX.US)$Get Free Alerts $48.25 -1.47(-2.96%)
Vol:38.78M
Day range:45.72 - 49.07
52 week:45.72 - 141.5999
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More about $Roblox(RBLX.US)$have been trading in steep downtrends since reaching all-time highs of $349.67 and $141.60, respectively, on Nov. 22, 2021.

$Roblox(RBLX.US)$ has been hit harder by the bear cycle, plummeting over 65% since that date compared to $Microsoft(MSFT.US)$ , which has declined about 18%.

On Tuesday, $Microsoft(MSFT.US)$ gapped down about 1% lower to start the trading session but by late morning the stock was trading higher off the open, while the general markets were falling. Roblox, on the other hand, opened lower and by late morning had fallen over 7% to a new all-time low near the $45 level.

Both $Microsoft(MSFT.US)$ and $Roblox(RBLX.US)$ need to signal a reversal is coming over the coming days, otherwise, a larger move to the downside may be in the cards. $Microsoft(MSFT.US)$ is heading toward a key resistance level, while Roblox has no support in terms of price history below.