RDDT best thing that could happen is drop to around 90 on market weakness to establish a strong double bottom, that technical structure would firmly establish the IPO range high 80 as the absolute floor, and complete the full cycle of repricing.
RDDT i hope you sold yesterday, remember more than 75% of daily pops were sold into within 5 sessions, dont mindlessly hold the stock, staircase up is the game with reddit.
RDDT for reddit its important to sell at every new high pop, in the past almost every impulse move up is sold into retracing to 0.5 fib within 5 sessions, thats pretty juicy for the option premiums
RDDT if broader market permits break into the 144 level and bring RDDT back into the medium term VWAP, il be gradually scaling in at around the current level 125 for a move into 170
RDDT hitting 125 sell zone strong volume, closed above ATR boundary which just broken the daily downtrend since Jan, im looking to pivot back from TSLA holdings into RDDT, expecting to see some more consolidation, looking for major volume node with concentration above 125 for a session to test seller conviction.
RDDT best thing that could happen is drop to around 90 on market weakness to establish a strong double bottom, that technical structure would firmly establish the IPO range high 80 as the absolute floor, and complete the full cycle of repricing.
