RedditLong
RDDT Rising Megaphone Bullish Thesis
Summary: Ascending Megaphone Pattern displaying higher highs and higher lows, with a steeper resistance trendline. As you can see, this pattern showcases increasing volatility as the trendlines are diverging over time which intuitively makes sense as this is a recently IPO'ed company and buyers and sellers are battling heavily to figure out the fair value.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.