Rocket Companies Inc 🧙Rocket Companies Inc is a Detroit-based company helping its clients achieve the American dream of home ownership and financial freedom. Its flagship business, Rocket Mortgage offers government sponsored enterprises (GSE)-conforming and government insured mortgage loan products, which are marketed in all states through the internet, national television and other marketing channels. In addition to mortgage business, it has expanded into complementary industries, such as real estate, personal lending, and auto sales. The mortgage origination business derives revenue from originating, processing, underwriting, and servicing predominantly GSE-conforming mortgage loans, along with FHA, USDA and VA mortgage loans, which are pooled and sold to the secondary market.
If you want not to miss ideas like this one ,🎯 subscribe and press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Rkt
RKT - Easy Gains Hi, this is my new update for RKT. In the last 3 days RKT has fallen over 20% and we broke the support levels $21.40 and $19.40 to reach all the way down to the last and most important support level $17.90-18.10. So if this level holds, then I expect we are going to close the gap in the near future. + Right now we have RSI under 30, so that indicates that RKT has been oversold. So be patient and don't PANIC ;)
T.A. for Apes - Chapter IHere is some Technical Analysis that even Ham the Astro Chimp would understand.
In fact, I am writing this explicitly to him.
Yo ham,
Check this shit out.
You think this chart is about to flip bearish AF and live up to it's namesake?
Or is this the proverbial DIP?
Stay lifted,
****
So anyway, either the history of price action above becomes resistance now,
OR,
someone could have been buying these very rare priced pokemon.
I have no fiduciary duties or responsibilities
RKT- Inverse Head And Shoulders PatternRKT is forming a nice Inverse Head And Shoulder Pattern. Waiting for a confirmation.
NOTE: The Inverse Head-And-Shoulder pattern is an example of a bullish reversal pattern. This means that the price action and trend that occurred before this pattern developing was bearish. The inverse head-and-shoulder pattern often shows up at the bottom of a move in the market.
RKT - SHORT SHORT SHORTRKT has been trading below the 6-8-21 day sma and struggling to break through these moving averages which signals bearish. It's sitting above the 50day sma which is using it has a support. If RKT fall below the 50day sma I'd look to enter a short position and gap fill all the way down to the $19.50-$20 area.
Contract Suggestion:
RKT 4/30 21P @ .50
RKT to bounce off the lower trading range on Monday
Yes I do think RKT will take off on Monday as the chart suggests. I think that trading range becomes more and more significant as RKT bounced of it two times and now found the support at it. The price was dropping in recent two dats but on the very low volume . Higher volume may take us higher. Long here.
Stop loss 24.50, TP? ~28/ or if it breaks the upper trading range I will hold until the next resistance.
I also it will grow based on the recent earning report which was a great surprise and shown that company has a lot of room for growth :) The best trades are a result of technical analysis connected with the fundamendal. I find the current setup as a very promising taking into accounts recent events.
WMC, The King and Queen's PatternSee chart. Break out soon. Interest rates going up, more profits for lenders.
Price target 1: 4.1$
PT 2: TBD
RKT Rocket readyRocket: Stage 6 launch, the 6th go at it here. Not quite ready yet, wait for some consolidation and be patient! Let the trade come to you. RSI needs to begin to heat up before I enter the Rocket launch.
Stocks: A good risk reward would be entering in the "area of value" along the trendline and set stops below support (draw your own or auto shown on TRND bot indicator.)
Calls: I am waiting on the breakout and buy signal confirmation.
Pay your mortgage with this trade but don't lose your mortgage! Good luck trade smart!
$RKT about to take off$RKT is coiling up, getting ready for a move, and in my opinion is forming a descending triangle, which are typically bullish patterns. The 1 hr also shows a bullish divergence on the RSI, the volume is also dying down, but continuing to go down which is a bullish divergence as well.
On the daily price looks to be forming and even greater coil meaning an even bigger move. But for the 1hr targets I'm aiming for the POC / Median of channel @ $21.50 - $22 and a 2nd target which is the grey box area.