Swing of the week for 01/27: $RDFN

I believe $RDFN can move at least 10% this week, and at least 50% in the next few months!

Trade idea: (6:1 R/R) 
Entry: $8.33 
Stop loss: $7.51
Targets: $9.15 (1st TP), $13.25 (2nd TP)

Analysis: Currently $RDFN is breaking out of a HUGE falling wedge that it's been stuck in for the last 5 months. We can see confirmation of this falling wedge breakout by noticing the retest of the upper trend line last Friday, and a huge bullish-engulfing  candle follow through today. This is especially bullish because we can see that the volume traded today is EVEN higher than the previous few days, and that $RDFN has pumped in spite of the huge market "crash" due to the #DeepSeek news. 

With RSI finally back at the 50 level, I'm confident that the downtrend is now over, and we will continue seeing price rise in the coming days. Short interest is also currently also at 13% so I wouldn't be surprised to see some movement higher in the next few weeks. 

I will be entering this one tomorrow at the open, and will update this stock throughout the week! 

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