Reddit (Derivatives) (RDDT)

$RDDT Watching for break of 200 DSMA.

Been channeling up last few weeks.

AI data training play.. https://t.co/8ASJ3MB70M

$RDDT is up 10% today and is testing a major resistance area again

Price has now rejected from this resistance + trendline five times

We want to see a decisive break for the next leg higher

Fundamentally, $RDDT is trading at
• 51x PE
• 34x Forward PE

Not cheap but we have
• Revenue: +69% YoY
• Ad revenue: +74%
• Adjusted EBITDA margin: 40%

The biggest opportunity remains ad monetization

As Reddit improves targeting, automation and advertiser adoption, revenue growth will be asymmetric

AI data licensing is also an important high-margin optionality

What do you think of $RDDT?