Redfin Forming Double TopIf Redfin breaks below the 21 EMA, around 75.50
The next target is down to S1 @68.50
RDFN trade ideas
RDFN AlertDouble 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) .
RDFN - Awaiting long playNASDAQ:RDFN
I'm not expecting real estate to slow down anytime soon. I'm not expecting a major dip
Top 10 2021 Picks (RDFN)Expecting low interest rates, deurbanization and millennial buying to drive iBuying stocks forward in 2021.
Still Short, but worth watchingLike the Company, and I want to buy it, but still not the time.
Looks like it drops below S1 and possibly into S2...
Looking for it to bounce back before entering a position.
* used zigzag, Pivots and super trend indicators*
RDFN $35 Nov 20 Put Sale$43 seems like a reasonable resting spot for RDFN, but would also love to own some shares at a lower support level. Triggered in a $35 Nov 20 Put Sale to capture a little premium and maybe own shares in the future, especially as the 200 SMA slowly migrates higher.
Buy Call at Weekly support!I will be buying calls at the 43.75 weekly support level. My target exit will be at or around the 47.12 weekly resistance.
Redfin Is Showing Relative StrengthHousing entered 2020 with strong fundamentals (lack of supply, demographics). Coronavirus magnified those trends by lowering interest rates and driving people from urban apartments.
Online real-estate brokerage Redfin has emerged as one of the top-performing names in the space, more than doubling on a year to-date basis. (It’s also risen more than 400 percent from its March low.)
This month’s volatility has dragged RDFN downward. It managed to hit a new all-time high above $55 on September 10, but then fell back into the mid-40s.
Interestingly, RDFN made a higher low yesterday than on September 4. This stands in sharp contrast with the broader market, which made a lower low this week. The stock is also holding its 50-day simple moving average (SMA).
There could be more volatility in the near term if the S&P 500 needs to stabilize further. However, RDFN is in a unique space. Momentum followers could return if yesterday’s higher low remains in effect.
Note: This chart uses TradeStation’s custom script Smart Relative Strength .
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
REDFIN Bottomed out | Full Send Into Earnings $RDFN$RDFN shines as mainstream housing outlet; Redfin has outperformed the AMEX:SPY . Trust the TA
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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, $52.69
Possible Short Entry: $42.3
Caution needed in this stock as we have a possible Double Top pattern forming. Follow levels accordingly
DotcomJack | MJ of Stonks
RDFN - 8/18/2020RDFN's MA (5) went crossed MA (13) and is able to stay above MA(5) for two days. Ichimoku confirms there both Kijun and Tenkan sens are above the cloud. Short-term bullish. Unlike $ZG, no unusual option activities yet on it though..
Is $RDFN a buy at $41.80. The company had good earnings and their business is doing well, but $RDFN seems expensive at these levels. I seem to be having buyers remorse.
RDFN is going higher today$RDFN is trending much higher today, will it break and hold above the resistance at $43.67 level.
RDFN Breakout? New Highs Coming?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
