Reddit Inc. (RDDT): 91% Gross Margins Meet a Technical RetestReddit, Inc. Class ABATS:RDDTInwestycyjnyKoziKMy Macro & Technical View: Reddit (RDDT) has completely wiped out its recent speculative froth and returned exactly to the zone where smart money rules the tape. Here is my objective, dual-perspective roadmap for Reddit as it consolidates around $120 - $175. 1. The Fundamental Engine: A High-Margin Powerhouse Reddit’s Q1 2026 earnings print proved that the platform is transforming into an absolute cash machine: Explosive Growth: Total revenue surged by 69% Year-over-Year to $663M. Net income flipped decisively positive, printing a whopping $204M in GAAP net profit. Unrivaled Leverage: The company operates at a staggering 91.5% gross margin—a metric almost untouched by other social media platforms. Fortress Balance Sheet: With $2.77 Billion in cash and virtually zero debt, the operational runway is flawless. Data-licensing deals for AI training (Google, OpenAI) provide high-conviction, pure-profit recurring revenue. 2. Technical Breakdown: Structural Re-test & Price Acceptance (Daily Chart - D1) The daily price action reveals a clear institutional accumulation blueprint: The Structural Shift (ChoCh): The initial aggressive rally generated a clean Change of Character (ChoCh) on the high timeframe, confirming that institutional size entered the market. The Demand Retest: The subsequent 50% macro correction brought the price straight back into the primary green DEMAND zone ($120.00 - $140.00). The market did not panic-break this level; it completely accepted the price test and defended the structure. The Local Breakout: After sweeping local liquidity inside the demand box, the price broke cleanly above the local purple Breakout Box. The current consolidation is a healthy re-accumulation phase before the next push. The Upside Targets: The technical path of least resistance is now open toward the major psychological milestone at $200.00, with an extended structural target aiming into the macro liquidity pool between $220.00 and $240.00 (aligning with Wall Street consensus price targets). 3. Risk Management & Invalidation Level No matter how pristine the fundamentals look, we never trade without a strict line in the sand. My Invalidation Line for FIRST ENTRY: $120.00. For whole scenario is $80.00 If the bears force a breakdown and secure a daily/weekly candle body close below $80.00, this entire bullish structural thesis is dead, and I will not argue with the market. Until then, the buyers are in control of this floor. Summary: A 69% YoY growing tech beast trading at a deep discount inside a proven daily demand zone. The risk-to-reward ratio here is heavily asymmetric. I am trading the structure, not the noise. Are you buying the post-earnings stabilization at this demand floor, or do you think the social media sector faces too much macro friction? Do you think META can take a lead from Reddit as the main forum platform? Let me know below! 👇