
Redfin Corporation ($RDFN), a small-cap leader, has made a significant move out of a long weekly base, driven by anticipation of a rate cut announcement. The stock price has cooled off and is setting up for a continuation pivot off the 10-day moving average. Analysts suggest that the price may bottom near the 21-day moving average and previous highs, around the $11-$12 area. The stock is currently pulling back into last month's highs on descending volume, indicating a potential buying opportunity. Some traders have taken advantage of this dip, trimming their positions in the $14 range and adding back shares around $12.
Becoming the sell-the-rip-buy-the-dip guru I trimmed $RDFN in the 14s after an incredible run and added those shares back this am around $12 Weeeee https://t.co/IRK8gskTP7
$RDFN Small-cap leader pulling back into last month's highs on descending volume... Looking JUICY. 🧃 https://t.co/jZDPCFrb4C
Housing bubble 2.0 about to kick off as mortgage rates drop $rdfn $z $spy https://t.co/UiAlzQaWkl

