On the RDFN shows the trend up after a massive earnings beat and then the fade down into
this past week. Price is presently situated at the 0.5 Fib level of the retracement of that
trend up. Time is presently at the 0.38 Fib time zone extending from the trend up.
The dual TF RSI shows the lines jumping over the 50 level in the past couple of days.
The ADX indicator shows the ADX+ crossing over ADX- with the ADX+ now over the 20 threshold.
I see RDFN as set for a pre-earnings momentum trade and will also take call options for
the Feb 16 expiration the day after the report ( Striking $8 & 8.5). Of interest, a rate cut
may be getting baked into RDFN.
Trade active
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RDFN outperformed today. Closed 5% of the position to capture part of the 10% gains. Call options are all raised to break even. Stock share positions raised to 5% above break even. Have of them have a static stop loss and the other half a trailing stop loss of 4%. Trade is fear-free and a guaranteed winner moving forward. Rinse and repeat. Looking today at small bank earnings and PYPL for trade ideas.
Trade active
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Down day almost stopped out. Watching for a rebound.