$RDDT The Bears are Marching In

13 thg 10

RDDT like many other well met IPO's will eventually fall below its lowest price for a much needed liquidity hunt to shake out weak hands.

The bears are attacking this stock and many others right now. Here we have a classic bearish double top forming. We make spike a new high just above 80 or stop just below current highs, but the bear are marching in and this stock will get rejected hard.

First stop will be 40.53$ when this breaks you will want to start accumulating stock around the 17.32$ level.

As with all great accumulations it will be an assumed 5 years hold once we get to target.

Expect poor earnings reports and forecasts to be a major catalyst.