$RDDT Issues First Weekly MVB Buy Signal
By Lawrence G. McMillan
$RDDT issued its first weekly McMillan Volatility Band (MVB) Buy signal (chart above) this week since being listed—an encouraging development for bullish traders watching the stock’s momentum.
On the daily chart (below), $RDDT broke out above the key resistance area near 130, successfully retested that breakout level, and has since resumed its move higher. This kind of confirmation—weekly and daily alignment—is what makes the MVB indicator so valuable.
