Week 12: the rally stalls at its 7-day high
Reddit closes flat (+0.3%) after a rejection at its 7-day high
Week 12: the rally stalls at its 7-day high
Our view last week
Reddit is in week 11 of a buy signal, up 18.85% since entry. All 3 targets of our most advanced model have already been hit, coverage is complete, and management now continues with a dynamic stop. Signal strength stays high at 70 out of 100, in a high-conviction but volatile profile: the stock ranks 49th among the 125 US stock buys already running.
This week's summary
This week Reddit stock tried to push above its 7-day high, in the 208 area, and was turned back: the week closed almost flat, +0.3%, with 68% of the volume on the sell side in the last bar and the first signs of distribution. The technical picture stays split — the weekly MACD keeps improving and momentum is at its highest in four weeks. The trade, in its 12th week of management, is running at +19.26% since entry.
IQS Phase
60
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#52 / 129
US stocks in progress
Trade P&L %
+19.26%
from signal to today
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