This is follow-up on Redbox Entertainment Inc. Can check link to related ideas. Target 1 achieved. Gain of more than 83%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult...
If we can contiue to hold above 2.88 could see ourselves setting a 1 hour W pattern and confirming this 2.88 neckline of the W as support. I’m entering in on this. Starting to make a postion. My expectations is to come up to test 4.20 area as well as potentially the 5.50$ resitance level. Stoploss below 2.76 as if we lost and closed below that we would have to...
I see the recent rally of RDBX, which is a self-service rent or purchase new-release DVDs and Blu-ray Discs, as a return to the meme stocks. RDBX went from $2 to $11 in just 10 days. If we consider only the technicals, then the stock should reverse from the Fibonacci 0.618 level, which is $6.36 to $12.70. I`m not in this trade though, the valuation is too high...
RDBX had HFT action out of the bottom where there was a clear Dark Pool buy zone. It's moving into resistance from the low of the topping formation around 10 where short-term Pro Traders have begun taking profits. Retail traders need to learn to take the cue of the professional side using what TechniTrader calls "Relational Technical Analysis." When you learn...
Soo watching this failing wedge that brought us down to retest the previous channel upper resiatnce before the big rip. It just hasn’t been acting very strong. As long as we are above 520 we have a chance to double bottom on this support. Howver it sort of looks like either a bear pennant or symetrical triangle both which have a bearish move into it. Multiple...
Redbox Entertainment Inc. operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses. It also produces, acquires, and...
potential breakout past local trend resistance here, if the break holds we can target 7.54-8.56-9.58 in the near future
RBDX finally made that Breakout on the daily chart and following day we got some nice capitulation of shorts giving the master puppet of this manipulated ticker a beautiful opportunity to exit under/over $10 whole number. Its important to highlight that CYN, another heavily shorted ticker that had holds its gains pretty well and similar to RBDX had just given a...
Good time to start reloading postions. Retesting that top of the channel we piped up through signaling a bug pump. Holding this 5.15-523 area as support is a great thing. As long as we control it only a matter of weeks before next lift off
Redbox Entertainment Inc. (NASDAQ: RDBX) a household name known for its DVD rental kiosks is transitioning into the digital space. Following its SPAC deal in October, Redbox stock has been in for a rough ride resulting in increasing short interest. However, RDBX stock has seen a turnaround in recent weeks thanks to the short squeeze effort orchestrated by retail...
I like to find patterns to play such as this Bullish Wedge outlined with the yellow, falling nicely into the blue trund line support. The idea for me is to play the swing high to the swing low until we can break out of the pattern, then I will enter on the retest of new support.
So far if we drew a fib from the high of the past the low of the past moves the .236 fib lands at 770 I entered this around 326 and 315 when I first posted about it. So far I sold most of my position out in only have about 10 to 15 chairs left my last cell was at 766. If we were to clear that we could head up into the nine dollar range or even the $11 ranges how...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
We talked about this W breakout the other day. Loaded up I sold half at 515 and then I’ll sell another 20% at 5.85$. We can see the resistance marked at my yellow point. If we clear that it’s going to take some Time to accumalate and go sideways I would assume but above 6$ isn’t much resistance. Good job if you joined me. Up a big ammount today let’s gooooo
Heavy shorted and Heavily Institutionally owned. Low float.
Settin up for a Double bottom on daily and weekly ? I’m watching 3.12 and 3.20. If we can confirm this neckline of the W as support this could rally pretty far if we lost the neckline our key support is 2$ that would be my area to load The boat. Idk if it’ll give us that but I’m positioning so far averged 3.26$
RDBX stock news of the latest CFO transition is the source of speculation. First the 8K then the formal update. Speculation has become a driving force with RDBX stock. Earlier this month, an 8K filing showed that CFO Kavita Suthar is set to resign next month. Following this news, traders have speculated on the future direction of Redbox from a financial angle....