Jul. 29 at 1:07 AM
Redwood Trust, Inc.
$RWT $4.67 (8h)
Bearish Flow: Price action testing macro trendline support on the 8h timeframe as selling pressure persists following recent post-earnings distribution. 🐻 ⚠️
Bull Key Level:
$5.08 (Bull confirmation to break above immediate descending resistance and reclaim moving average support) 🐂 🔥
Bear Key Level:
$4.43 (Major structural liquidity floor to defend on continued downside flushing) 🐻 📉
Targets:
$5.40 /
$5.80 💰 📉
Why: Technical structure highlights severe compression along long-term diagonal support following recent earnings volatility. Sustained holding above the
$4.40–
$4.50 demand zone keeps bulls positioned for a relief rotation toward macro supply.
#rwt #reit #optionsflow #stocktrading #hovdid