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...
Redfin ( NASDAQ:RDFN ) shares are on the rise thanks to a decrease in mortgage rates and the White House’s proposed mortgage relief tax credit. The technology-driven real estate company has experienced a significant uptick in new home listings, resulting in a 13% increase nationwide and a 1.7% boost in total homes for sale. The U.S. housing market has grown by...
On the RDFN shows the trend up after a massive earnings beat and then the fade down into this past week. Price is presently situated at the 0.5 Fib level of the retracement of that trend up. Time is presently at the 0.38 Fib time zone extending from the trend up. The dual TF RSI shows the lines jumping over the 50 level in the past couple of days. The ADX...
RDFN is a stock we bought in my Alpha Stocks service on June 27 when it broke out above resistance at 11.50. It rallied 50% over the next three weeks but has now pulled back to a level where I would consider adding to or taking a new position. Redfin is a powerful stock, but it also has a history of 15-20% pullbacks throughout its up moves. As of Friday...
RDFN jumped with a 30% + pop from very favorable earnings with a volume spike Can it hold the price in the sessions of next week or will in bounce down from the supply /resistance zone charted by the LuxAlgo indicator. What are the probabilities? Long or short? What do you think? Is this a drop about to drop or can the momentum catch a breath and run hard again?
Inv Head and Shoulders formed on Redefine which we went long. It's been a long hold, but it's because the market has been pricing in an Cup and Handle. This means, we can expect even more upside to come. Target R4.83 and possibly R5.20. Bullish
Sell to Open RDFN Nov 18 2022 4 Put Limit at $0.05 (Good 'til Canceled) 5 wave count downtrend is over expect uptrend or ABC I don't mind owning RDFN at $4.
on the one-hour NASDAQ:RDFN chart. Earnings were a miss as compared with the first quarter However, it is showing a reversal pattern in the mid-term price action validated by the Awesome Oscillator and Relative Volume Strength Index applied to the chart. Call Option $ 13 for 9/16/22 with 86% volatility looks to be a candidate ( not financial advice or...
Simple chart to look at the relation between hew home builds, a broad housing ETF and a mortgage lender. It demonstrates that they all have a strong correlation and that mortgage company performance is a leading indicator of housing market performance and that new build housing stocks are a leading indicator for the housing market in general.
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!
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 is in a consolidation pattern right now we came close to the top today there is 10% to run on the downside in the pattern.
I like the redfin buy in at the support of this consolidation low risk possibility of high reward on a breakout. I'm out at $69.50
If Redfin breaks below the 21 EMA, around 75.50 The next target is down to S1 @68.50
$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.