Lots of insider selling on Friday, RED EMA clould trend likely to continue.
After completed a bearish ABC correction pattern the price is moving above the pattern. A small correction is expected as beginning before moving higher again. Targets here are based on structure resistance. Targets: $63.15 $64.90 Thank you and Good Luck!
We have a trading range in the 30min, between the 60.46 and the 58.76. When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s. This could be the beginning of an impressive movement next, leading...
Redfin has been trending down since mid February and has a confirmed breakout on the daily chart. I am expecting an uptrending move towards earnings in two months. The PT is $72 by mid July with a possible extension to $87.
Squeezing on 30min/39/78 min / daily . Been consolidating as well since the last 2 months. RDFN May 7 80 calls @ 1.30. With housing prices continually to rise and low inventory. I can only see this as positive sentiment moving forward. If the position doubles before er we can hold half and take for profit.
RDFN just broke trend to the up after recent consolidation. Strong bullish signal. 75 levels next.
RDFN seems to be in a reversal now.
Potential to a double bottom support in the range of Golden Pocket support. (60$~). Initial Long entry can be made via crossing above MA20 and Fibo 50%. Stop - 59$ (Danger Zone for Long). I do not recommend to sell or buy RDFN shares, Just a technical viewpoint.
RDFN formed a bull flag after breaking out of a calling wedge. Watch for a breakout of the flag for upside continuation. Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
This is an actionable trade today. $RDFN is now testing the channel breakdown with the negative divergence intact. I suspect we will head down to the support line outlined in the chart in the next 2-3 months if not sooner.
big bounce today, but i still think it's a good time to get in RDFN. The sequential and trend lines look in sync for at least a good rally, i think it's a long term hold.
Sad to see. Coupled with news about rising mortgage rates this isn't looking good. Same pattern on the daily. Not financial advice.
Redfin beats Q4 earnings estimates with $244M in revenue and record traffic. They are the fastest-growing major real estate website and have been able to increase their customer base. Looking to swing this after dropping more than 15% after earnings. Resistance is at around $80 and $95 area.
Redfin is a technology-driven real estate brokerage service that engages in buying and selling homes through their app. Their customer base has risen 23% From 2019 Q3 to 2020 Q3. They have increased their customer base during Covid-19! Redfin holds 1.04% of the entire US Housing Market currently. A bearish piece of news about Redfin is they had to undergo...
Redfin is in a consolidation pattern right now we came close to the top today there is 10% to run on the downside in the pattern.
I like the redfin buy in at the support of this consolidation low risk possibility of high reward on a breakout. I'm out at $69.50