Aug. 3 at 8:36 PM
$RDW Final Look- Closing the day at
$9.64 and ticking up .03 in after‑hours, RDW showed resilience after heavy volume early and a fight through the
$9.50 magnet. The tape defended
$9.25 support and reclaimed
$9.50 with conviction, setting the stage for tomorrow’s action. Immediate levels now sit at
$9.50 as the reclaim pivot,
$9.75 as the next magnet, and
$10.00 as the breakout target if momentum accelerates. Elevated short interest remains the fuel, and with futures strength still in play, the most likely scenario is a continuation attempt toward
$9.75. On the downside, failure to hold
$9.50 would flip bias back toward
$9.25, but today’s close shows buyers in control. RDW fought hard, volume confirmed, and tomorrow’s test is whether the tape can press into the
$10 zone. May the flow be with you.
