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Going with RBLX which I mentioned last week, like the strength of the reversal but really like the selling pressure on China Video Game News ban which had nothing to do with RBLX and a proposed music lawsuit.
Either way this is a great growth stock, looking at stepping in here as it is finding some support throughout the day. This is a larger contract so have to be careful here if you have a smaller account.
The overall risk for the trade is $1380 so if you have a 10k trading account may want to skip it here. Of course we are going to monitor this one more closely, and if we see additional weakness we will blow it out for a smaller loss, but there is no guarantee we can’t lose $1380.
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