RDFN's MA (5) went crossed MA (13) and is able to stay above MA(5) for two days. Ichimoku confirms there both Kijun and Tenkan sens are above the cloud. Short-term bullish. Unlike $ZG, no unusual option activities yet on it though..
Playing this falling wedge we should be looking for a breakout within the next few days.
My Play:
- $32 Call Jun 19 @ $100 each (might be able to grab these a bit cheaper if we can come down to $29
Do not trade this, this is not financial advice
Dotcomjack
This will be my first time trading Redfin but I believe if we break this level we will pump heavy. Aiming for a march contract, may grab something a bit more long-term depending on how tomorrow plays out. Waiting for the breakout than I'll decide. This trade is easy loot...
DotcomJack
I'm not a financial adviser nor is this financial advice.
16 % Short interest in the stock could help fuel the rally
Redfin (NASDAQ:RDFN) is up 6.6% after hours following a Q4 earnings report with a healthy revenue beat and a better-than-expected loss.
Revenues jumped 88% to $233.2M for the quarter, with a manifold increase in product revenues in particular. That pushed year-over-year growth in full-year revenues to...
Not many investors were expecting NASDAQ:RDFN to receive any upgrades for quite a while considering the price action post earnings, but today John Campbell from Stephens upgraded the stock to Overweight from Underweight and a $23 price target. The stock has a high short interest which contributed to the 7.48% gain today, despite this we believe it will be a...
The housing sector has had a recent resurgence on the easing or the FEDS rate hike policy. Builders, suppliers and realtors are benefiting from a increased interest from buyers in a supply shortage market. Redfin is in continued expansion offering investors a good RR.
I know most of my posts are all crypto, but there is a lot out there and the market is very volatile right now. I am in redfin for the long term, but doesn't mean I can't swing trade it a bit in the mean time.
If you aren't familiar with Redfin, they just IPO'd last year and are a really solid company. I did buy in around $22 and will look to cycle out at these...
This Ascending Triangle could be a bullish reversal pattern in a downtrend. Wait for it retest the break out point and buy with stop loss. Price target is roughly the same as base range.
