Dear:
The chatting history for this WeChat group "美股618资料群" is shown below.
————— 2025-06-06 —————
Leo 
12:24
RDDT $120.36 +7.23%
5/23 Share Bought RDDT $95.5 +26% [Rose][Coffee]
Hugo Shuaixiuguo 12:26
@Yun Chen gives valuable information on key points, thank you very much [ThumbsUp]
Hugo Shuaixiuguo 12:27
I bought it earlier, but I still made a profit. Thanks @Leo
Sherwin Wu Xiaobin 12:30
rddt is still in a locked state [Grin]
Leo 12:32
@雨果 不客氣、恭喜
Hugo Shuaixiuguo 12:41
@Leo I found that you did a great job in buying and selling. Sometimes I really admire that you can catch almost the lowest point
Chen Jianmin 12:44
Rddt I bought it too, but I'm in a hurry to sell it
Chen Jianmin 12:45
I spent an hour looking at rddt graphs today and analyzed them.
Chen Jianmin 12:45
Sherwin Wu Xiaobin 12:57
+1, I really admire you.
I regret joining the group too late. I definitely missed several small goals. [Grin]
David 12:58
Follow the teacher's steps. It's not too late [ThumbsUp]
Chen Jianmin 13:08
Hugo Shuaixiuguo 13:12
Yes, I sold it at 99. The highest point is 120. Take your time, just make a profit, and
Sherwin Wu Xiaobin 13:14
@Hugo Niu [ThumbsUp][ThumbsUp][
Chen Jianmin 13:16
Chen Jianmin 13:16
Watch the video. Watch the video yesterday while sick.
Chen Jianmin 13:17
[ weixinfile: https://youtu.be/aRlWle9smww?si=CEHwBFmagQWY6M_B
Chen Jianmin 13:52
If you have made a profit, you can watch this video to know when to sell.
Chen Jianmin 13:54
[ weixinfile: https://youtu.be/oVMeymdZwWI?si=veSefZKMXC1zU40I
Chen Jianmin 13:59
The main purpose is to find the most recent high point. Where was the high point of rddt a month ago? The last test failed. Should I try again for the second time?
Chen Jianmin 13:59
There are some psychological cognitions. How to analyze the profits of institutional selling?
Chen Jianmin 14:07
There is also a video specifically about resistance and support.
Shirlene Yang 杨
14:08
@陈建敏 [strong][strong][strong]
Victor Pre-sale and second-hand houses 14:23
@Leo Which stocks do you think are good for next Monday?
Victor Pre-sale House 14:25
This is amazing, buy at the lowest point and sell at the highest point [strong]
Leo 14:45
Leo 14:45
According to this RDDT stock price chart, technical analysts can judge $95.5 on 5/23 as a relative low for the recent swing for the following reasons:
## Technical indicators to determine relative lows:
### 1. **Support Level Confirmation**
- As you can see from Figure 2, the stock price rebounded after multiple tests in the $95-96 range
- The day's low of $95.23 on 5/23 is close to the previous important support level of $95.52
- This level forms a clear "double bottom" or "multiple bottom" pattern
### 2. **Moving Average Support**
Figure 2 shows multiple moving averages:
- MA5: 101.71
- MA10: 108.47
- MA20: 111.27
- When the stock price falls below the short-term moving average, it finds support near the long-term moving average
### 3. **RSI Indicator**
- RSI(14): 42.99, relatively low but not in oversold territory (usually < 30 is oversold)
- The RSI has recovered from the lows, indicating weakening selling pressure
### 4. **Volume Analysis**
- On 5/23, the trading volume enlarged to 6.75M
- A large number of transactions are accompanied by a stop to the price falling, indicating that there is funds entering the market to undertake
## Upward Resistance Level Analysis:
According to the technical analysis of the chart, the upward pressure levels may be:
1. **$130-132 Range**
- As can be seen from Figure 2, this is a dense area of previous highs
1. **Moving Average Pressure**:
- Short-term: MA10 ($108.47) has breached
- Medium-term: MA20 ($111.27) needs confirmation of breakout
1. **Psychological price $125 and $130**
## Current Technical Status:
Today's close of $121.29 was successful:
- Break through multiple moving averages
- Up about 27% from the 5/23 low of $95.5
- Approaching the previous resistance zone, it is necessary to observe whether it can effectively break through the $125-130 range
**Risk Warning**: Technical analysis is for reference only, and actual investment needs to be combined with fundamental analysis and risk management.
Leo 14:47
Experts can judge that the recent swing low of RDDT is near $95.5 on 5/23, and the main reasons are as follows: • Multiple technical indicators resonance:
As can be seen from the second chart, the K-line shadow on May 23 was obvious, with the lowest of $95.23 on the day, and the closing price rose to $100.76, forming a "long lower shadow", indicating that there is a strong buying order.
• Volume Amplification:
The trading volume on 5/23 was significantly higher than that of the previous days, indicating that there were a large number of changes in the low grade, and there were obvious signs of the main funds entering the market.
• Moving Average Support:
On the same day, the price backtested to near the short-term moving average (such as MA5, MA10) and did not fall below, and the moving average has a supporting effect.
• RSI indicator oversold rally:
The RSI(14) was close to 40 at the time, which was in the low range, showing signs of rebound, and there were signs of a stop from the technical picture.
How to find relative lows or support levels using technical line indicators or calculations?
• Support/pressure interval judgment:
• Observe historical lows and trading areas, such as around $95.5 on 5/23, which have been lows many times and are obvious support.
• Judging by MA (moving average), if the stock price backtests MA10 and MA20 and does not fall below, it is often short-term support.
• Volume Analysis:
• The low point volume represents the main force to undertake, and the volume and price cooperation is the low point signal.
• Candlestick Type :
• Reverse transitions such as long lower shadows, dojis, and engulfings occur, often at swing lows.
• RSI, MACD and other indicators:
• The RSI is below 30-40, and the MACD has a golden cross, which is common in the low rebound zone.
Upward pressure level analysis
• Pressure level judgment:
• Recent highs and moving average pressures: The MA20 is around $111.27, and the long-term moving average pressures such as MA60 and MA120 are around $135 and $150, respectively.
• The previous wave high of $130.11 (early May high) is a clear pressure zone.
• Today's close of $121.29 has broken out of the previous consolidation zone, and the next pressure will be in the $130-$135 range
conclusion
The reason why experts can judge that the recent low of RDDT is $95.5 at 5/23 is because a number of technical indicators (candlesticks, moving averages, volume, RSI) show strong support at the low level at the same time. Using these indicators and historical price ranges, it is possible to effectively identify relative lows and support levels. For upside, we need to watch the $130-$135 (previous wave highs and long-term moving averages) range.
Leo 14:51
In response to the question of the group friend, I casually borrowed Webull's diagram and the post-mortem analysis of two different AI apps, why "before" was 5/23, and the minimum purchase was $95.5 (there were also purchases of $96~not too much) for reference
David 15:07
[ThumbsUp]
Shirlene Yang 杨 15:13
@Leo [强][福][合十]Thanks for sharing [cake]
Shirlene Yang 杨 15:17
@Teacher Leo , can you please help me check if Bull will take off next week? [Hand in hand][Grinning]
Shirlene Yang 杨 15:23
Chen Jianmin 15:29
@Leo [强][福][合十]Thanks for sharing [cake]
E 15:46
Haha, I was a little anxious to buy a stock a few days ago, and I acted too early. I didn’t wait for @Leo boss to notify me of the buying point 3 days later. As a result, I spent 6-7 taels of silver more for one share, which is equivalent to 10% more cost [Facepalm][Facepalm]
E 15:48
At the same time, I would like to thank @陈建敏 and several other big guys for their selfless sharing.
Victor Pre-sale Houses 16:06
Great analysis [strong]
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