RDFN fintech penny stock pre-earnings LONG

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 indicator shows the ADX+ crossing over ADX- with the ADX+ now over the 20 threshold.

I see RDFN as set for a pre-earnings momentum trade and will also take call options for

the Feb 16 expiration the day after the report ( Striking $8 & 8.5). Of interest, a rate cut

may be getting baked into RDFN.

İşlem aktif:

RDFN outperformed today. Closed 5% of the position to capture part of the 10%
gains. Call options are all raised to break even. Stock share positions raised to
5% above break even. Have of them have a static stop loss and the other half a trailing stop loss of 4%. Trade is fear-free and a guaranteed winner moving forward.
Rinse and repeat. Looking today at small bank earnings and PYPL for trade ideas.

İşlem aktif:

Down day almost stopped out. Watching for a rebound.