RKT LONGPlanned this setup months ago seeing the 4hr candle was still open. Missed my entry and eventually hit every single one of my targets
RKT trade ideas
$RKT Daily, long.Looking at $RKT for a break out of the wedge it has formed since September. Volume has decreased since IPO and I've added two important Fib levels to look at if RKT wants higher. ER run up should be a catalyst for it.
RKTLONG-TERM: Double bottom in a channel, with 4hr classic bullish divergence. (Not financial advice)
RKT LaunchI'll preface this by saying RKT is surely a beneficiary of what's happening with GME right now. Shorts are getting squeezed harder than a cows teats right now.
That being said . . . RKT just had some interesting action. Ever since the big selloff in September, it hasn't been able to breakout past the $24 mark, until now. After this mornings big push over $25, RKT pulled back and bounced off of that $24 line.
Could this now be a new line of support? Could this sleepy stock finally be starting to wake up?? It's hard to say given the current stock market AND housing market climate. (only time will tell)
I'm not a professional, I'm just a guy with an opinion. Don't take this for investment advice. Always make sure to do your due diligence!
I'm still learning the investing world, so any feedback is welcome! Thank you and good luck!
RKT maybe showing lifeLooks like RKT may actually start running this time as we see a true break out now. my previous posting of this stock failed to break out with enough volume this time it shows signs of life to move up higher as it has been consolidating for a few weeks now. if the current price level can hold then we will see RKT start running a bit higher.
Breakout with upcoming earningsRKT broke out of trend line with a lot of strength and now retesting with slight consolidation (typical confirmation) at around 22.70.
Very solid company fundamentals as well with a 1b share buyback plan, and high likelihood to beat earning estimates.
PT 1: Around $31 to fill the gap
PT 2: TBD
$RKT - ROCKET COMPANIES INC // LONG$RKT is flagging towards .618FIB level, which could bring a potential inverted head and shoulders.
$RKT is profitable and should keep benefiting from low interest rates and a shift in consumer preference post pandemic.
Stop-loss and targets are given in the chart.
RKT possible falling wedge, currently at a bottom low and every time it has bounced off this bottom line it has taken an average of 11 days for it to go to high 22's or low 23's.
$RKT - riding the wedgeI like RKT for a break out next week or the following. Grabbed options.
It could also break down, be careful with your purchases, I would not choose this stock if forced to pick a "winner", there are much better looking stocks
The risk to reward here is within my pain tolerance and options are cheap.
RKT finally moving up.RSI is overbought and MACD is widening green. Lets see if we can hit prior highs. Long on RKT and this year will be a good year for RKT.
Rocket RampRamp at 30. It's named Rocket. So...
You buy $30 calls.
Keep your trading simple, recognize bubble, enter into extreme +EV bets with limited downside, get rich.
Beautiful breakoutEvery single resistance is broken, very bullish
In the purple box, you can find my opinion about the future.
Do your DD before entering
$RKT - May go long here...$RKT consolidating and sitting on volume shelf in both W and D timeframes.
RKT Bottoming Out˙One of the more interesting plays I've ran across in the last few weeks - RKT looks to be bottoming. Considering the level of short interest out for it, if it makes any drastic price increases, this could see a short-squeeze in the next week or two (market permitting, of course). Keep an eye for RKT.
RTK to $24Possible buying opportunity for RKT as it starts heading towards $24, need to wait for a break out confirmation but price has been coiling for a while and is due for a break out to either side.. so far it's looking like a break out towards the top.
RKT due to rip soonTrading inside reversal zone for 2 weeks. Might need news to trigger the breakout. Earnings coming out fairly soon. Good time to build a position
RKTIf RKT ever does move, I think the median line of the pitchfork would be a reasonable projection.
$RKT my nemesis...Some day I'll get this right, but with lock up expiration coming...I'll just watch
Rocket companies inc. How to use wave analysis to forecast.After the completion of the ABC corrective structure we expect the next impulse up or it will develop to an ABCDE corrective structure. All cases are bullish right now. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
First time posting.So making this chart based on moving average and it seems like it can brake the top line we should be able to move back to the 30 mark. Any feedback would be helpful :). (Not an expert jfyi, do your own research)
$RKT | Rocket 🚀 Descending Channel Breakout [Update 1]RKT formed a bullish channel after breaking out of a bullish descending channel. Price has consolidated for a while and I think it is ready to push higher.
See my previous analysis here:
RKT weekly close on the edge, long unless breakout invalidatedThis weekly RKT close looks a bit scary, literally on the edge, but I'm long unless the breakout is invalidated.
