1st target buy @ 109 (position filled)
2nd target buy @ 74
If we close the gap down to 74, I will add more. This is possible in current bear market. This idea is a long term investment in RDDT at what I believe are strong areas of support. Revenue is growing rapidly and I believe in the company. Over 1 billion in ad revenue in 2024, though It's not all positive, they do have some warts such as negative net income and less than expected growth in daily users but I believe these things will be resolved over time and are likely priced in at this point after a 43% drop in the last month from ATH. Long
2nd target buy @ 74
If we close the gap down to 74, I will add more. This is possible in current bear market. This idea is a long term investment in RDDT at what I believe are strong areas of support. Revenue is growing rapidly and I believe in the company. Over 1 billion in ad revenue in 2024, though It's not all positive, they do have some warts such as negative net income and less than expected growth in daily users but I believe these things will be resolved over time and are likely priced in at this point after a 43% drop in the last month from ATH. Long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.