RKT - when will the squeeze occurIf you are short are you looking for more downside. Bull plays need the market to find support and break and backtest this GP
RKT trade ideas
RKT Retest BounceRKT has retested support levels of $27. It has retraced from its breakout back to now support, which is a typical move. Now we can play the bounce back upward to the 29-30 range.
Cup and Handle. Bullish. Target: $42Greetings.
I'm bullish on RKT largely based upon the C&H formation, which is a bullish formation. RKT IPO'd last month, so there isn't enough historical data to determine if this is truly a bullish trend. I'm naturally optimistic and therefore have a bullish bias.
Happy Trading!
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RKT , nice earnings beat today (Sept 2nd)Reported Q2 revenue today of 5.04 Billion and the consensus estimate was 3.75 Billion , that is a big difference. Then oddly enough, after this there was a fairly significant drop in the share price after hours, to which I could not find the reason for. Having said that, I personally have learned not to play earnings as you can have all the reasons in the world for a company to rally and the exact opposite can happen, sometimes for very little reason .
I have done my research into this recent IPO and I really like it. I am short on time to do a more detailed write up that RKT deserves but I am a fan of the stock. Wanted to mention it quickly and leave the additional research up to the reader . Great longer term hold with a discounted price imo.
RKT - back to supportbig beat on earnings, will see if this is just a bump in the road. Market continues to melt-up, RKT needs one day of price discovery and we should know how the street sees it.
BUY RKT BEFORE EARNINGSreally like the rocket setup. no idea what the company does but there's a lot of hype, we have a nice dip, and earnings are coming up. a little bit of a gamble but I definitely like it with Cramer and Portnoy and WSB autists all pumping it.
RKT, 9/1: 15% growth Pre-EarningsToday we saw a dive after steady pre-market climbs. volume was initially low and grew throughout the trading day. After the bell there was a dip and then bullish sentiment with higher volume.
Target: $33 EOW
RKT - testing lower Diamond Channel Resistanceback to the key spot - need a bull break and back-test of this line if the market continues to melt-up.
RKT from August 21 to September 1, the price of RKT remained between the low of $ 26.80 used several times this level as support up to a high of 29.95 creating a resistance level in the price.
I think the best way is to expect the resistance to break and if on retracement it is used as a support to buy.
Rocket can double your $$ in pocket.NYSE:RKT : One of the best IPOs of 2020. This was corrected to 31% after a bull run. And now once again it is in the correction phase after the parabolic run. I tried to mention everything on the chart.
RKT to move higher before earningsU shaped recovery. Potential cup and handle in formation here. Q2 earnings coming up on September 2nd. I think this stock will run up before earnings as expectations will be high. This company is profitable and business has never been better. CEO said that they are more profitable when volumes are high which I think will be the case.
This is a mortgage company trying to obtain a tech valuation. Not sure it will get a tech valuation but good earnings will drive this stock higher.
$RKT Rocket Companies. Bull flag ? Rocket companies made some huge moves after a very good set of results and are now consolidating in what might be a bulls flag. Waiting for confirmation.
