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...
NASDAQ:RDFN Looks like forming Head and Shoulder. If the price breaks below $9 it can see further downside.
Note only if the price breaks below the neckline around $9, the pattern is validated.
On the other hand if the price breaks above $10.50, the pattern is invalidated.
Tomorrow CPI data will determine, whether or not the neckline support hold.
Redfin Corporation #RDFN
125% gain off the lows.
Flagging on the Daily.
The 10EMA acting as support on the way up.
8.6% ADR.
Took on the break of the 1 Min ORH on the Daily flag.
0.25% stop loss.
Would like to see greater volume by now in the first hour of trade.
$14 target (may take partials on the way).
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?
Currently looking at entry points, however staying flat. Will continue to monitor and evaluate quotes, volume and EMAs for macro sentiment.
Please review Animal Spirits latest episode as they are long related stocks such as zillow.
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells...
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...
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!
