Description
⋅ 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