REDDIT INCREDDIT INCREDDIT INC

REDDIT INC

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RDDT for anyone who entered below 100, statistically you can now safely set a stop loss at 101 no stress, take the wife out to dinner and just let the stock ride.

RDDT low liquidity after hour is now at 109.5, strong sign of breakage that heavily skews toward further upside; initial selling pressure target now moved up to 112-113 area, making 108 a potential good entry to a continuation into 116 and 125, this means i amend the previous suggestion, and now the resistance may very likely re-adjust their positions and become stronger holder (becoming support), with stablization around 120-122 likely for June monthly option expiry.
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RDDT hitting the VWAP of the downtrend in afterhour, typically this is an area where we will see selling pressure looking for new low, you could consider taking some profit here, altho the news of inclusion into Russell may mean light pullback, but you never know. Buying up above the VWAP level at 108 makes the next significant sell level at 125.
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RDDT Strong finish! I hope the outperformance vs index is clear to you buy now, next batch of selling will be at 108, pullback to 104 then onto 112.
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RDDT Today marks the first day in 10 sessions RDDT outperformed the broader market, coupled with capitulation yesterday, this stock has a good chance of rallying next week; as many funds review positions over the weekend, next week we can expect rebalance.

RDDT accumulation pattern, tmr trading around 105 would validate the completion of distribution after earnings.

RDDT my target for today was to get in around $96. Bought some $93 strike calls. Let’s get this back to $120 💸

RDDT the reason for the down trend was funds were essentially selling speculative plays to chase mega caps on the recovery rally, once that rotation comes to an end we can see capital inflow again

RDDT today we triggered mass stop loss cluster below 100, thus the intense volume, institutions arent interested in going long when this liquidity cluster is so close, now that we tapped into it, proper accumulation can occur, the next big pop should be followed by a pullback of higher low so make sure you keep a core position as this could be the last few sessions we see below 100.