RDDT exited remaining positions today, this could break out into 125, but SPY is abit extended, we wait for another broad market down day to evaluate relative strength.
RDDT retracement tested for 111.8; now moved your stop loss from 111 to 115 and trail, price should range reasonable within 117-122; sell targets 124-130; you will have a chance in the future to buy back at 120 should we breakout and rally into 140-150.
RDDT very good! poping into the premium value area, distributions will start in the 123-126 range; consider take partial profit or selling calls 130 for out of the money prospect and 120 for pullback. Move stop loss to 111.
RDDT consolidation move bullish bias; if market openned high today could have been the break out; index need to give permission so thismight just hover in 108-112 next couple of days.
RDDT i sold around 80% of the position today, the closing hour looks so scarily bullish that could seduce the bears out, so i thought id sell some into momentum. I recommend now move up stop loss to 106-108, continuation target still around 117
RDDT looking for a breakout in this sideways
