I bought into the 
RKT hype like many others ... and it's been miserable in almost every way. My ugliest active chart, and it's not even close. Still, there seems to be a lot of long-term excitement about this stock, the company is solid, the outlook for mortgages is less dire than some make it out to be, so while I wouldn't short it, I'd wait to see if it can hold/bounce off that POC in the low 19s before even considering adding to my position.
RKT hype like many others ... and it's been miserable in almost every way. My ugliest active chart, and it's not even close. Still, there seems to be a lot of long-term excitement about this stock, the company is solid, the outlook for mortgages is less dire than some make it out to be, so while I wouldn't short it, I'd wait to see if it can hold/bounce off that POC in the low 19s before even considering adding to my position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.