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March 29, 2021, 9:52 a.m. EDT

Why the Technicals for Invalid Iqfeed Symbol $RDFN can be More Revealing than the Fundamentals

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Mar 29, 2021 (Stock Traders Daily via COMTEX) -- Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Invalid Iqfeed Symbol /zigman2/quotes/203726414/composite RDFN +5.05% . Using the data offered below we have a real-time example. Review The technical data for RDFN below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for RDFN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this RDFN Report.

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

The technical summary data is suggesting a short of RDFN as it gets near 67.91, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 68.11. 67.91 is the first level of resistance above 64.28, and by rule, any test of resistance is a short signal. In this case, if resistance 67.91 is being tested, so a short signal would exist.

COMTEX_383581775/2570/2021-03-29T09:52:09

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203726414/composite
US : U.S.: Nasdaq
$ 51.14
+2.46 +5.05%
Volume: 1.63M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.32 billion
Rev. per Employee
$211,731
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