Reddit 
RDDT has seen a strong bullish trend resuming after completing the inverted head and shoulder formation. Previously, we had a note on RDDT reversal play and it has garnered 62% upside (https://www.tradingview.com/chart/RDDT/hORdUdt4-Reddit-making-a-come-back-after-correction/
We believe that Reddit is likely to edge higher and reached beyond 260.00 as Ichimoku shows strong bullish signal. Long-term MACD is bullish after histogram remain positive. Stochastic oscillator's overbought signal has been invalidated after price chat shows weak correction in form of a falling wedge and %K and %D has crossed back.
Volume remain healthy.
RDDT has seen a strong bullish trend resuming after completing the inverted head and shoulder formation. Previously, we had a note on RDDT reversal play and it has garnered 62% upside (https://www.tradingview.com/chart/RDDT/hORdUdt4-Reddit-making-a-come-back-after-correction/We believe that Reddit is likely to edge higher and reached beyond 260.00 as Ichimoku shows strong bullish signal. Long-term MACD is bullish after histogram remain positive. Stochastic oscillator's overbought signal has been invalidated after price chat shows weak correction in form of a falling wedge and %K and %D has crossed back.
Volume remain healthy.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.