“Nobody Is Trading: The Volume Signal Under Today's Selloff”
Reddit is in a downtrend; watching for confirmation of breakdown at the ~135 pivot low.
The next stock I want to talk about is Reddit. Now, Reddit, not quite as much volume, right? about one fifth or so of the average volume compared to the last 30 days, but is a stock that's coming down.
And the reason why I really wanted to highlight this is because similar to some of these other stocks, we're potentially coming down and breaking some up sloping trend lines or attempting to, right?
Reddit had a good sell, right? It it fell over here at the end of July. um about 24% off of poor earnings had a nice recovery and just like I said on Tesla right looked to retrace and actually went green and what did I say after filling a massive gap like that expect a multi-day sell 1 2 3 4 day sell down 19%