Rocket Companies - Overbought - Pullback to $24 / $27RSI indicator showing that RKT is overbought. A pullback to $24 - $27 is very likely.
For educational purposes only.
RKT trade ideas
RKT finally took off.Finally RKT made a move up, and it made a massive move up. Although the dividend they announced is very good i will be tempted to sell if we see this go higher tomorrow. The volume today was more than doubled the average even say it was tripled. Saw a few post on wallstreetbets about RKT and this can be a short squeezed event which can send the stock higher. MACD is bullish and the RSI is in the overbought territory. My plan for RKT is as i said. Will not sell unless this keeps going higher, and i will hold my shares til the dividend and then decide if i want to trim my position, or sell my position. I am bullish long term on RKT.
$RKT meme stock short squeeze!$RKT stock has now skyrocketed 113.6% over the past three days, since the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $1.11 a share. S3 Analytics said there has been a "large amount of short selling" into the stock's (RKT) recent rally, with short interest interest increasing to 47.9 million shares, or 45.8% of the public float. "RKT's stock price and short selling activity is reminiscent of another recent highflying 'meme' stock- appears to have garnered some bullish interest from day traders on Reddit’s infamous WallStreetBets.
it is near the top of the list of U.S. companies in terms of size of short bet by hedge funds, according to FactSet. That makes it a classic target by meme-obsessed investors, who have been storming together this year into shares and call options of heavily shorted companies in order to squeeze out short sellers. It was unclear of the size of the retail interest in Rocket at this time.
A number of popular posts on WallStreetBet chatroom featured Rocket on Tuesday. One says “I like RKT. $1.7M all-in, let’s gooo YOLO,” and it quickly drew more than 1,700 comments.
We expect the shares to normalize and again trade on fundamentals, however the timing is uncertain.” wrote Wells Fargo analyst Donald Fandetti
“Our beta-tested social media stuff right now picked up on yesterday some really just hugely bullish comments over on the Reddit board WallStreetBets again.
Najarian cited a jump in Rocket options trading volume following increased mentions on Reddit.
Meme-driven chatter on Rocket was not nearly as intense as seen on GameStop, according to AI firm Accrete.
The surge in Rocket could be a sign that the retail trading mania seen in GameStop earlier this year is still a factor.
When a stock with high short interest jumps sharply higher, it could force short sellers to cover their bearish positions in order to limit their losses. The short covering tends to fuel the stock’s rally further.
www.cnbc.com
Parabolic. WowGreetings All,
Funny thing - I created this idea yesterday evening, but never published, because I thought.....nahhhhhhhhh. Boy was I completely wrong!!!!!
Happy Trading ;)
Soon it will shoot up like a Rocket Possible move:14-70%
Reward/Risk: 1.7-8 (R/R>3 is Ideal)
Time frame: 1-12wks
Look for breaking upward
This is just my technical view, not a fundamental comment..!
I can make you confused you by a crowded messy chart, but I would rather simple effective presentations!
$RKT - Rocket Companies Long Term SwingNews on RKT with increased dividends, and shorted too much. I suspect into March this will blow up. Possibly even a gap fill. Super efficient company.
Rocket $RKT LongAnalyzing the next fib support and resistance. A lot of call buying into the $35,$40, and $50 March 19th calls.
The big longWe are in a huge triangle pattern.
I expect big moves after a short period of consolidation.
I will pick up some leaps around ~20
RKT: Double Bullish Patterns - Time To Buy$RKT - Rocket Companies
Targets:
$22.79
$24.00
$26.14 extended target
Thank you and Good Luck!
RKT - rocket ship?Possible big jump next week
2/19 - 68% of call volume expires
Top Call OI is $30.
RSI reaching historic buy level
Earnings were great. RKT beat expectations and they announced a dividend of 1.10 per share. I dont understand how this stock did not move much more higher than it did. Maybe the market conditions are playing a factor, but i see this as way undervalued and the fact that they are expecting huge growth and record revenue. Maybe we see a move up next week or in the near future, but i dont see this trading where its at right now.
$RKT Before ERAccumulation and massive nesting under the IPO anchored VWAP. With it's first ER today after hours, we'll see if it pops at last.
Feeling excited about RKT. Earnings are tomorrow and feeling somewhat excited about this stock. Last time they had earnings there was excitement and hype in which they beat earnings and bought back shares. In the end the stock did not move as much as wed hope, and instead we saw the stock not do much at times we saw it get down as low as 18 bucks. Every time i watch tv i see about 5 commercials of Rocket, and dont see home sales slowing down anytime soon. Currently looking to buy a home in CA and there is no doubt i will use Rocket. Either way i am bullish on RKT, and wouldnt be surprised to see this stock run up to prior highs and higher. But wouldnt be surprise if the stock doesnt do much.
Rocket bullish flag detected$RKT - Rocket Companies
Targets:
$22.78
$24.00
Formed a very good support line around 19.40.
Detected the bullish flag, watch for a breakout. Watch for volume confirmation and RSI.
Earnings in two days. Strong earnings report (Q3 beat expectations) could take the stock to the moon!
This is my first post. Hopefully will make a good start!
Good luck and trade smart! (not a financial advice)
RKTLONG-TERM: At the bottom of a wyckoffian range. Also earnings at end of the month, could see a run up to then. (Not financial advice)
