Reddit is gearing up for the upmove

TradingView2026/05/14 17:15

By:TradingView

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Reddit has filled up the gap it made from its earnings beat couple of weeks ago, the levels also coincide with 0.5fib levels.

The chart is extremely bullish and it typically make 3.618 FIb moves from the first wave, which makes the price levels projection of Reddit at 300 level.

In terms of fundamentals, only Sandisk and Micron has better PS to Growth ratio than reddit amognst all the major companies out there.

Strong Buy, particularly compared to software segment.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Reddit is gearing up for the upmove

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