Reddit shares rose 14% on Friday following a partnership with artificial intelligence firm OpenAI, which is expected to attract more users and increase advertising revenue. The partnership allows Reddit to leverage OpenAI's technology to build tools and features, and integrate Reddit's content in real-time. This pact delivers on Reddit's "IPO promise of seizing...
Reddit shares ( NYSE:RDDT ) closed at $62.34, marking its second-highest close since its IPO in March. The rally began on Monday when Keith Gill, the man who inspired the meme stock mania of 2021, resurfaced online, sending shares of GameStop and AMC soaring. Gill shared a picture on X that showed a video gamer sitting forward on a chair, which is often used by...
Reddit shares ( NYSE:RDDT ) rose 10% after the social media platform posted strong revenue growth and improved profitability in its first earnings report since its market debut. The company surprised Wall Street with a forecast that it could post an adjusted profit in the second quarter, and its revenue outlook was far above estimates. Reddit's revenue for the...
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...
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...
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...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
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
