RDFN on the 15 minute chart has move up from a low pivot which included a mass index
indicator triggering. ATH was $85 so current price is 7-8% of that ATH. I will take a long trade
here. My targets are the May high pivot at $8 and the January high pivot at $10 with a stop
loss at $6 to be managed as the price moves toward 8. RDFN to a certain degree is subject to
rates and federal actions. I am convinced that when the time is ripe the Biden administration
will pressure the " independent" fed into a rate cut which should give RDFN the momentum it
needs to push toward those targets or even higher.
indicator triggering. ATH was $85 so current price is 7-8% of that ATH. I will take a long trade
here. My targets are the May high pivot at $8 and the January high pivot at $10 with a stop
loss at $6 to be managed as the price moves toward 8. RDFN to a certain degree is subject to
rates and federal actions. I am convinced that when the time is ripe the Biden administration
will pressure the " independent" fed into a rate cut which should give RDFN the momentum it
needs to push toward those targets or even higher.
Note
Price higher enough to raise the stop loss to above break-even. Now a risk free trade.Note
Another move higher toward the first target of 8Note
Price fell added 10% to the position.Trade active
Trade is sideways so far. Holding and patient.
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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.