Last week, we saw a strong earnings report from Redfin $RDFN. Here's a report from MarketWatch:...Redfin reported a loss of $12.2 million, or 14 cents a share, on revenue of $124.1 million, up from $95.8 million in the holiday quarter a year before. Analysts on average expected a loss of 18 cents a share on sales of $117.1 million. Chief Executive Glenn Kalman credited customers' adoption of Redfin's new services, which are meant to capture more money from all aspects of real-estate transactions. "More Redfin homebuyers are choosing a Redfin mortgage because of an investment in local service, more Redfin home sellers are signing up for our concierge service to spruce up the home before its market debut, and then more of those home sellers are also meeting our agents to buy their next place," Kalman said in Thursday's announcement. Redfin forecast first-quarter revenue of $101.5 million to $105.1 million, while analysts were expecting $103.4 million on average, according to FactSet, though a forecast for net loss of $67.8 million to $69.2 million was larger than analysts' forecasts; Redfin did not provide full-year guidance in its news release. ...From Redfin stock jumps after earnings (MarketWatch.com)The market has been very bullish after the earnings report, and price is now back to a key price level around $20.RDFN Daily Chart(click to enlarge)Price Bottom?- On the daily chart we can see that after its IPO in 2017, RDFN has traded above $19 until August of 2018. - After August 2018, price remained below $19, until last week.- The several months of price action essentially completed a rounded bottom, and price appears to be breaking above it currently. - Also note that price has also broken above the 200-day simple moving average (SMA). - Finally, the RSI has tagged 70, which suggests the start of bullish momentum.- These are signs that RDFN might be pulling itself out from under and back into a bullish trend. - Before calling for a bullish outlook, I want to see a pullback that respects $18 as support. - Then, I would anticipate upside towards $26, then $30. - A break below $18 takes the bullish outlook out of it. A break below $16 would reintroduce the bearish outlook with downside to $14 and maybe even lower.