Redfin ( NASDAQ:RDFN ) shares are on the rise thanks to a decrease in mortgage rates and the White House’s proposed mortgage relief tax credit. The technology-driven real estate company has experienced a significant uptick in new home listings, resulting in a 13% increase nationwide and a 1.7% boost in total homes for sale. The U.S. housing market has grown by...
Looks bullish and can retest 100 levels. Have your SL at 44. It an test 44 range before its leg up towards 100-105. All the best.
RDFN is a stock we bought in my Alpha Stocks service on June 27 when it broke out above resistance at 11.50. It rallied 50% over the next three weeks but has now pulled back to a level where I would consider adding to or taking a new position. Redfin is a powerful stock, but it also has a history of 15-20% pullbacks throughout its up moves. As of Friday...
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells...
REDFIN $RDFN is about to break out of it's descending triangle on the daily. This has MASSIVE long written all over. Still waiting for confirmation but this could be a big one!
We have a trading range in the 30min, between the 60.46 and the 58.76. When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s. This could be the beginning of an impressive movement next, leading...
Double top, possible downside potential, can play the 77.06 - 72.27 range . Can look for a short term play or grab something with time if we break through our 70.47 support (yellow) .
Opendoor broke trends today during a period of limited/no support (See related ideas section). I look to RDFN and Z for wider market trends. These 3 companies are in a similar tech real estate market. There is limited trading history for OPEN and IPOB, TradingView doesn't even allow charting properly. There is a correlation with patterns for RDFN and Z, but there...
$RDFN shines as mainstream housing outlet; Redfin has outperformed the AMEX:SPY . Trust the TA ~ The stock currently sits above what has proven to be strong support @ $43.9 Watching the orange trend line as support as well, it holds strong on the weekly timeframe. Looking to bounce off this. Possible long on hold above @ $43.9 Upside targets: $48, $50,...
Playing this falling wedge we should be looking for a breakout within the next few days. My Play: - $32 Call Jun 19 @ $100 each (might be able to grab these a bit cheaper if we can come down to $29 Do not trade this, this is not financial advice Dotcomjack
This will be my first time trading Redfin but I believe if we break this level we will pump heavy. Aiming for a march contract, may grab something a bit more long-term depending on how tomorrow plays out. Waiting for the breakout than I'll decide. This trade is easy loot... DotcomJack I'm not a financial adviser nor is this financial advice.