Hey tradingview community, REDFIN CORPORATION is in an uptrend with a return of purchase volume made and a large hammer candle shape. In TIMEFRAME M1, a long-legged doji with past buy volume feedback, she came to the top of the bollinger to test it. Which is the top of the stabilization zone and test it great potential to breakout the price with the return of...
Double top, possible downside potential, can play the 77.06 - 72.27 range . Can look for a short term play or grab something with time if we break through our 70.47 support (yellow) .
Like the Company, and I want to buy it, but still not the time.
Looks like it drops below S1 and possibly into S2...
Looking for it to bounce back before entering a position.
* used zigzag, Pivots and super trend indicators*
$43 seems like a reasonable resting spot for RDFN, but would also love to own some shares at a lower support level. Triggered in a $35 Nov 20 Put Sale to capture a little premium and maybe own shares in the future, especially as the 200 SMA slowly migrates higher.
Housing entered 2020 with strong fundamentals (lack of supply, demographics). Coronavirus magnified those trends by lowering interest rates and driving people from urban apartments.
Online real-estate brokerage Redfin has emerged as one of the top-performing names in the space, more than doubling on a year to-date basis. (It’s also risen more than 400 percent...
$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,...
