5/7/24 - vrockstar - 8 bn + on a complicated capital stack - an obviously "distributed" IPO (you still hold the bag? why?) and 8x sales on lofty 20-25% cagr revenue numbers (we all know these will get revised downward - banks need to shine up the pump to sell the deal fam). frankly, burning one of my posts to warn you all that if you own this, it might be a good...
Excellent buying opportunity at $26 for RDDT *This is not financial advice*
Looking at reddit for lower prices. Distribution model in progress. would be invalidated above 44$
REDDIT NYSE:RDDT - Apr. 3rd, 2024 BUY/LONG ZONE (GREEN): $50.50 - $56.75 DO NOT TRADE/DNT ZONE (WHITE): $46.00 - $50.50 SELL/SHORT ZONE (RED): $40.00 - $46.00 Not enough data to list 4H, Daily, or Weekly trend directions. ATH: 74.90 ATL: 44.00 Wanted to chart up NYSE:RDDT after the IPO and radical price movement. There is not enough data to show any form of...
Reddit has deceived the IPO buyers but the chart might be hinting at a turnaround. Elliott Wave theory suggests a possible 5-wave downtrend is ending. The current rise could be a wave 1 up before the real rise. Keep an eye on $47.50! If price breaks above this resistance level, things could get bullish, with a potential reach towards $58-$60 at first with a...
As the trading session unfolds, Reddit, Inc. (RDTT) presents a battlefield where bulls and bears are locked in a tenuous struggle for dominance, as evidenced by the hourly chart indicators. The stock price, currently at $47.56, teeters at the precipice of a potential breakout or breakdown. The Ichimoku Cloud paints a picture of resistance and support, with the...
ABCD pattern Adjusting SL as the price and volume increase IPO so trading with caution
Some form of double top, lower high, or slightly higher high is forming IMO. Since this is so new you have to go do the 5 minute chart, which for some reason tradingview will not allow me to publish. but if you go there, the RSI is bullishly diverging for another attempt of up. After the double top is in place then big down only. Nice swings INC :)
The shares of social media platform Reddit ( NYSE:RDDT ) surged by 14% on Tuesday, building upon the momentum generated by the recent launch of options trading on the stock. With each share currently valued at $67.5, Reddit ( NYSE:RDDT ) is poised to witness a substantial increase in its market value, with more than $1 billion set to be added to the company's...
Reddit will lead the retail mania along with AI and Crypto. This can run hard towards 300 with in 6 months. Hard stop loss 60.
market makers could be trapping moonboys, then initiate a merciless shakeout. what do you think at the second day of RDDT?
Traders upvoted Reddit’s IPO but can the buzzing social media platform earn its stripes as a public company now? Table of Contents: ⦿ Reddit Surges in Public Market Kickoff ⦿ If Wall Street Bought, Should You? ⦿ Reddit Stacked Up Against Rivals ⦿ Ad Posts Looking Like User Posts? ⦿ Bottom Line 📍 Reddit Surges in Public Market Kickoff Reddit (ticker: RDDT )...
NYSE:RDDT Wait for the dip before buying ( around $35.54) and hold for this to cross $59.95, confirmation towards $70.87. P.S look out for the short squeeze
In a resounding debut on the New York Stock Exchange, social media powerhouse Reddit ( NYSE:RDDT ) saw its shares skyrocket 38% above its initial public offering (IPO) price, propelling the company's valuation to nearly $9 billion. The impressive market reception underscores investors' renewed appetite for promising yet loss-making companies and signals a...
Target: $69.69 Entry: below $69.69 Reddit will get short squeezed!