REDFIN Buy OpportunityREDFIN is at 19$ a share.. Price made a previous high and pulled back for the ultimate discount
RDFN trade ideas
$RDFN REDFIN is taking over the real estate game!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!
Trending down to $50 supportLots of insider selling on Friday, RED EMA clould trend likely to continue.
RDFN: A Bullish Movement Is Expected After The Break OutAfter completed a bearish ABC correction pattern the price is moving above the pattern. A small correction is expected as beginning before moving higher again.
Targets here are based on structure resistance.
Targets:
$63.15
$64.90
Thank you and Good Luck!
There's something good about to happen here! 🤞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 to the 72.85. Just in case, I’ll watch the supports mentioned, as if RDFN loses them, it’ll probably drop more. But I this well see a bullish movement after this accumulation.
A breakout from the 60.46 will be the first step to confirm this thesis.
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See you soon,
Melissa.
$RDFN - Housing recovery play is breaking out!Redfin has been trending down since mid February and has a confirmed breakout on the daily chart. I am expecting an uptrending move towards earnings in two months. The PT is $72 by mid July with a possible extension to $87.
RDFN another strong ER run PossibilitySqueezing on 30min/39/78 min / daily .
Been consolidating as well since the last 2 months.
RDFN May 7 80 calls @ 1.30.
With housing prices continually to rise and low inventory. I can only see this as positive sentiment moving forward. If the position doubles before er we can hold half and take for profit.
RDFN bullish breakout RDFN just broke trend to the up after recent consolidation. Strong bullish signal.
75 levels next.
$RDFN - Added To Watchlist - Alert set to crossing above MA20Potential to a double bottom support in the range of Golden Pocket support. (60$~).
Initial Long entry can be made via crossing above MA20 and Fibo 50%.
Stop - 59$ (Danger Zone for Long).
I do not recommend to sell or buy RDFN shares, Just a technical viewpoint.
$RDFN | Bull Flag: Watch For A BreakoutRDFN formed a bull flag after breaking out of a calling wedge. Watch for a breakout of the flag for upside continuation.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
$RDFN - March, 12, 2021This is an actionable trade today. $RDFN is now testing the channel breakdown with the negative divergence intact. I suspect we will head down to the support line outlined in the chart in the next 2-3 months if not sooner.
Great time to buy RDFNbig bounce today, but i still think it's a good time to get in RDFN. The sequential and trend lines look in sync for at least a good rally, i think it's a long term hold.
$RDFN 4h RSI Bearish DivergenceSad to see. Coupled with news about rising mortgage rates this isn't looking good.
Same pattern on the daily.
Not financial advice.
RDFN bounce from here Redfin beats Q4 earnings estimates with $244M in revenue and record traffic. They are the fastest-growing major real estate website and have been able to increase their customer base. Looking to swing this after dropping more than 15% after earnings. Resistance is at around $80 and $95 area.
Short Term and Long Term gains on $RDFNRedfin is a technology-driven real estate brokerage service that engages in buying and selling homes through their app.
Their customer base has risen 23% From 2019 Q3 to 2020 Q3. They have increased their customer base during Covid-19!
Redfin holds 1.04% of the entire US Housing Market currently.
A bearish piece of news about Redfin is they had to undergo furlough of their employees due to Covid-19.
With net debt at a negative, they own mostly equity as part of their assets and have free cashflow of $75M.
Earnings are next week, and it is possible that Redfin beats its target estimate and sees more growth than Q3 earnings.
Currently Redfin is due for a pullback, followed by a whole new run.
RDFN ShortRedfin is in a consolidation pattern right now we came close to the top today there is 10% to run on the downside in the pattern.
RDFN Redfin Long IdeaI like the redfin buy in at the support of this consolidation low risk possibility of high reward on a breakout. I'm out at $69.50
REDFIN CORPORATION Option DailyHey tradingview community, REDFIN CORPORATION is in an uptrend with a return of purchase volume made and a large hammer candle shape. In TIMEFRAME M1, a long-legged doji with past buy volume feedback, she came to the top of the bollinger to test it. Which is the top of the stabilization zone and test it great potential to breakout the price with the return of momentum. Thereafter the zone to penetrate in the second and to interfere on the last precedent above.
With possible test of the top of the second zone for breakout to come and symbolic figure of 83.00. Little buying power to test the intermediate median of ANDREWS PITCHFORK.
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