RKT trade ideas
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
RocketShare your opinion in the comments and support the idea with likes.
Thank you for your support!
RKT A glorious run into the new yearits been consolidating and forming an inverse head and shoulders, and most recently we flipped resistance to support, as long as that support continues to hold I can see us making some large moves upwards.
Reverse Head and Shoulders Pattern (Bullish). Target: $28Greetings,
I know it's been a while since I've posted. My colleague (thanks EltJack!) spotted a a reverse H&S pattern on RKT, which I interpret as a bullish pattern.
Happy Trading!
