Reddit - Long & Strong

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Reddit - Long & StrongReddit, Inc.BATS:RDDTNoFOMO_On the 10th of March I posted about Reddit, as it lost the $120 level I advised the bulls to get ready to buy in at $80, which was the gap fill area met with the confluence of the 0.786 Fib level. We remained patient at went long at $82, with a stop loss under the 0.786 at $78. That move is now paying off, as we are up 50% from these levels. Congratulations to those paying attention, we are reaping the rewards of this trade. We had the initial strong bounce to $130, I also said at this point we will likely have another chance to accumulate under $100 - check the minds section - indeed that happened and here we are again 18% from $100. So what's next? I am seeing continued sign of strength on the charts. This was aided by the recent development that Reddit is suing Anthropic for using their data, despite repeated warnings from Reddit. This stock has a strong technical and fundamental reason to remain bullish. I'm taking this one step at a time. There's no doubt it is a volatile stock, I think we have put in the lows for now and we continue the path towards $150. But this market can flip at any time, all it takes is post on X to send the entire market into chaos. So be mindful of the risks. But we remain long and strong here. We didn't fomo into the stock, and we don't plan to panic sell out of it. That is my philosophy. Not financial advice.