In the PRO Service we bought RDW calls on May 12th, they are up over 400% in just 10 days, but this morning I urged PRO Subscribers to buy more. My reasons are both technical and fundamental via a classic breakout targeting mid $20's and beyond, as well as the tag-along feature of the pending SpaceX IPO. RDW is in the rarified air of a Defense stock, a Space stock and naturally, an AI stock. Below is my case for RDW, 10 days delayed, but also 10X more bullish than before. RDW - The Sectors Bet RDW Technicals: The Big Picture This RDW 2-Day Line chart says it all, as Intermediate Term Wave (5) has just begun with triple digits targeted before a 5th Wave of Intermediate Term Degree is complete. RDW Daily: Just in case the 2-Day chart above is not bullish enough: Today's breakout is targeting mid-$20's to mid-$40's, sometime this summer. RDW July Calls I suspect the July series will benefit most from the SpaceX IPO boost, but that is small potatoes compared to the what the EW structure is suggesting for the months ahead. Into The Close Recommendation: Buy RDW Jul 17th $20C This was our first RDW call purchase from May 12th in the PRO Service. This morning I recommended an add-on position in the RDW Jul $20C.
