Bullish idea for RKTHi Guys,
Looks like its gonna follow this path. I am opening a position, what do you think?
RKT trade ideas
Ultimate RKT Chart RKT my ultimate chart looks extremly bullish a nice IV H&S on the 4HR forming, a nice 1,2 potentially forming, i say its ultimate because fibs align which to me gives the chart more validation anytihng below 20-19 bucks invalidates this chart, bearish will be the "house market bubble" but overall the charts does look nice to me :).
$RKT Inverse h&s, fib retracement,watch for breakout.Retest at neckline and perfect fib retracement, watch for high volume to confirm major breakout
PT ~$29.20May get a rally up to the gap box soon. I think there scenarios from there is:
1- rejected near the gap box entrance
2- dribble within the gap box
3- quickly fill the gap box and move up towards the major resistance plotted with the dotted line
$RKT crucial week...Does it test $20.68 one more time before pushing, or does it start the next climb this week?
$RKT so far read it like a book...End of day, going $25 March calls. Might be a day or two early, but I think the next move is the real one
RKT - Long - Testing the 21 EMALong idea,
If this bounces off 21 EMA it's a buy, I have an alert set for $22.00, if it alerts I will buy a full position. I have a 1/4th position now.
Fundamental: migration out of big cities, RKT mortgage is one of the fastest closing mortgage companies to get it done. Not the cheapest but definitely the most competitive and most seamless experiences.
Rule of 4 breakout, 4th time hitting overhead resistance is the charm
TGIF. good luck to all my fellow professional gamblers.
$RKT Bullish Inverse H&SI really like this trade right now, the Risk-Reward is there.
There is a clear potential for an Inverse H&S pattern if bulls can reverse the trend here and break the neckline. I am entering 19MAR21 21C as a starter position and will buy earlier expirations on confirmation.
$RKT $RKT
I see everyone has already called out the inverse head and shoulders pattern. Here is my chart. Testing a theory – RKT doesn’t seem too concerned about the 50 day EMA – but it does like support around $19.80 and resistance at the trend line.
“I’m not an expert but I have watched a lot of youtube videos.”
NYSE:RKT
