RDDT outlook neutral: falling 200-day average is unenthusiastic; rising 50-day offsets it; price range-bound for two months. A break above the falling 200-day may not rise far, since it should keep falling unless a phenomenal rally occurs, keeping institutions out.

Neil mentioned a name we were talking about . I think it was last week or two weeks ago. Let's talk about Reddit. Yes , thanks, Ryan. And this is from the viewers who are curious about your opinion on Reddit.

There have been many places where you can find soils. I think this is clearly one that has dropped from the highs . You still have a declining 200-period moving average .

I don't know if you...Okay, okay. I know you're in this. So, A, the first question is: are you still in it? Uh, the second question is: if not, are you looking forward to a possible re-entry?

Because I keep looking at the 200- day moving average and think it is worth trying to break through it at some point.

I was in this, just to refresh your memory , as a short seller. I had a short position here and, you know, I actually got stopped out with a small profit a few days later. I have dropped out since then.

The fact that the 200-day moving average is falling does n't make me very enthusiastic, but now the 50-day average is rising. So I see this as a kind of no man's land. It is in this zone here, which has kept it more or less in place for the past two months .

I was looking, as you might recall, at the monthly, uh, weekly chart , and at the IPO anchor point, and the fact that they were going to clear all of this up , but what we were looking at with that anchor point was that the more often it was tested, the greater the chance seemed that it would fail, particularly because we see these lower highs coming, and that declining 200-day moving average.

So my uh outlook on this is actually quite neutral. If it breaks through 200, I don't know how high it can rise, because 200 is still falling, and 200 will continue to fall, because this is where we were 200 days ago.

So, in the coming month we will use this data to calculate the average, which means that unless a phenomenal rise occurs, the 200 will continue to fall, and that keeps many institutional investors out in the cold .