What would be a good put to buy on RBLX?

Current Price and Recent Performance: As of the latest data, Roblox's (RBLX) closing price is $94.2 on June 5, 2025, representing a 3.44% increase. The stock is currently between narrow resistance and wide resistance levels, indicating a potential for price swing

Trend Analysis:

1. Short-Term Trend: The current trend is bullish, having lasted for 41 days The probability of this trend continuing is 75%, based on the continuation probability of 40 days of a clear trend and 1 day of unclear trend
2. Unconditioned Trend: There is a 70% probability of the trend continuing for 12.2 days, and a 50% probability of it continuing for 16.0 days This suggests a relatively strong likelihood of the bullish trend persisting in the near term.

3. Forecasted Price Trend: The forecast for RBLX on June 5, 2025, is $91.26, with a 34% confidence interval ranging from $89.89 to $92.64 This indicates a potential for the stock to move downwards in the short term.

Market Context and Company News:

1. Industry and Company Overview: Roblox is a video game developer with a revenue of $2.8 billion in 2023. The company has been expanding its partnerships, such as with Google Play and Shopify, which could positively influence its stock performance.
2. Recent Insider Activity: On June 3, 2025, Manuel Bronstein, the Chief Product Officer of Roblox Corp, sold 26,798 shares at a price of $90.2 per share, totaling $2,417,179. This sale by an insider could be interpreted in various ways, depending on the motivations of the seller.

Conclusion and Recommendation:
Given the current bullish trend, the forecasted price trend suggests a potential for the stock to move downwards in the short term. Therefore, a good put to buy on RBLX could be considered if the price drops towards the support level of $91.15 or below, assuming a bullish trend continuation. However, investors should monitor the stock's movement closely, especially considering the recent insider activity and the potential for price swings based on the current trend and support/resistance levels. A cautious approach is recommended, and it might be beneficial to wait for a clearer trend or a pullback towards the support level before initiating a purchase.