Rocket Companies ready to take off
Almost 40% below its September all-time high.
Stochastic at the oversold point.
On-balance volumen falling into a support level for possible reversal.
It has respected the Fibo areas on several occasions.
Touching support at 23.6% of the fibo around $20.
It has resistance at $22.7 and another around $25.
Almost 70% institutional property.
Backed by Invesco, BlackRock, Vanguard, State Street and Morgan Stanley.
"Rocket Companies Inc.is a holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Rocket Companies Inc.is based in Detroit."
RKT
Stochastic at the oversold point.
On-balance volumen falling into a support level for possible reversal.
It has respected the Fibo areas on several occasions.
Touching support at 23.6% of the fibo around $20.
It has resistance at $22.7 and another around $25.
Almost 70% institutional property.
Backed by Invesco, BlackRock, Vanguard, State Street and Morgan Stanley.
"Rocket Companies Inc.is a holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Rocket Companies Inc.is based in Detroit."
RKT
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