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Rocket Companies, Inc.

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RKT trade ideas

Rocket Companies RSI is oversoldRocket Companies RSI is oversold on the one hour chart, 6 week view. Mortgage rates are now at the highest point since June 2020 and could go even higher even if the Federal Reserve doesn’t change its low interest rate policy. Mortgage rates roughly track the direction of the 10-year Treasury, 1.735%. Ten-year Treasury rates are on an upward trend since August 2020, but mortgage rates were still falling until February. As of Thursday, the 30-year fixed-rate mortgage averaged 3.09%, up four basis points from the week earlier. It was hard to fit this chart inside the box because of WSB price action in early March, but nevertheless, I think RKT is a solid company, p/e = 14.68, with good growth in the future. Rocket Companies (RKT) reported Quarter December 2020 earnings of $1.12 per share on revenue of $4.7 billion. The consensus earnings estimate was $0.86 per share on revenue of $3.8 billion. It's a mortgage and eCommerce businesses – including Rocket Mortgage, Amrock, Rocket Homes and Rocket Auto. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NYSE:RKTLong
by Options360
6
RKT back to Thetaganger's dreamBefore the moon trip, RKT was range bound very well, easily predictable, and had decent premiums for very consistent oscillations. Now it seems back to that range, but slightly higher, with premiums even juicer. Wheeling RKT has an asymmetrical risk where assignment gives you a company that had stellar earnings, a dividend, and a juicy meme factor. Selling CSPs and CCs at or slightly out of support and resistance is easy money. Currently, ATM options are netting 5% weekly
NYSE:RKT
by amfunk
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.
NYSE:RKTLong
by kamileo
Target Acquired. Pull-backs necessary.Greetings All, Targets are blue. Pull-backs (retracements) are green/yellow. Yes it's overbought, but participate ;). We may be experiencing a SHORT-SQUEEZE event. Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
NYSE:RKTLong
by chiefwils0n
14