$RDDT Bear Flag setup

28. Aug.

RDDT is a recently released IPO for everyone favorite forum board Reddit. Upon its release we saw a sharp dip that then turned into a massive rally to test the recent high. This high as you can see was rejected and the upward trend line was broken!! We then have price action trailing off until it bottoms and the price action from there resembles that of a bear flag.

What we are looking for is a break of this flag and the low of the flag pole to be retested and broken. Got my alerts set for a break of the trend lines drawn for the bear flag. Stay tuned!!