RDDT so today we hit the 112 price target with initial support as 108 as expected, congrats if you caught the entry; next im looking for possible pullback to VWAP range at 106 for today or tmr
RDDT for anyone who entered below 100, statistically you can now safely set a stop loss at 101 no stress, take the wife out to dinner and just let the stock ride.
RDDT low liquidity after hour is now at 109.5, strong sign of breakage that heavily skews toward further upside; initial selling pressure target now moved up to 112-113 area, making 108 a potential good entry to a continuation into 116 and 125, this means i amend the previous suggestion, and now the resistance may very likely re-adjust their positions and become stronger holder (becoming support), with stablization around 120-122 likely for June monthly option expiry.
RDDT hitting the VWAP of the downtrend in afterhour, typically this is an area where we will see selling pressure looking for new low, you could consider taking some profit here, altho the news of inclusion into Russell may mean light pullback, but you never know. Buying up above the VWAP level at 108 makes the next significant sell level at 125.
RDDT Today marks the first day in 10 sessions RDDT outperformed the broader market, coupled with capitulation yesterday, this stock has a good chance of rallying next week; as many funds review positions over the weekend, next week we can expect rebalance.
RDDT so today we hit the 112 price target with initial support as 108 as expected, congrats if you caught the entry; next im looking for possible pullback to VWAP range at 106 for today or tmr
