REDFIN $RDFN is about to break out of it's descending triangle on the daily. This has MASSIVE long written all over. Still waiting for confirmation but this could be a big one!
What could lead to the housing market cool down? Eviction ban and unemployment?
$50 remains as the nearest support, that's the break of 21EMA to the downside.
NASDAQ:RDFN RDFN AB=CD D/T PT1 $52 PT2 $57
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 $87.
not it is free to separate from the mother ship...hodl on to dear life...follow
Squeezing on 30min/39/78 min / daily . Been consolidating as well since the last 2 months. RDFN May 7 80 calls @ 1.30. With housing prices continually to rise and low inventory. I can only see this as positive sentiment moving forward. If the position doubles before er we can hold half and take for profit.
RDFN just broke trend to the up after recent consolidation. Strong bullish signal. 75 levels next.
RDFN seems to be in a reversal now.
as pretty as the daily is....double bottom with divergence. We have to be mindful of the monthly macro. Last month was a bearish engulfing reversal candle. so we can hope for a bounce to the .618 or .786 before it turns and heads down lower so this will be a short swing trade for me.
How pretty is this setup ? Double bottom in an uptrend bouncing off the 200 MA. Showing bullish divergence on both oscillators. Perfection. Didn't catch it when the second bottom happened but still pretty of room to run.
Potential to a double bottom support in the range of Golden Pocket support. (60$~). 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.