RKT keeps moving higher into earningsWe are now in a channel. No reason to believe it will break higher or lower before earnings at the moment.
RKT trade ideas
Rocket Companies Inc UpdateAs you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets.
The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's a HUGE order block nicely positioned down below waiting to be touched for the very 1st time... dare I say like a virgin. j/k
I'm interested in $19.90 - $20.46 IF price reaches it! We all shall see..
RKT: Still Expect More Support LevelsBelieve it or not, I still expect RKT to receive higher support levels than it currently has. Overall, I'm projecting a long w/ a potential 1 year target of at least $50 w/ stable growth correlations. That is highly conservative. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
$RKT IPO Winner?We've been long this name since $19 dollars, we continue to believe this company will be worth 5-10x IPO value in the coming years! LONG TERM HOLD
RKT Jumps After Pre-Announcing 437% Revenue GrowthRKT Jumps After Pre-Announcing 437% Revenue Growth
Rocket Companies Announces Preliminary Second Quarter Results
-Closed loan origination volume of $72.3 billion increased 40% compared to the first quarter of 2020 and 126% compared to the second quarter of 2019
-Total net revenue of $5.0 billion increased 269% compared to the first quarter of 2020 and 437% compared to the second quarter of 2019
-Net rate lock volume was $92.0 billion, an increase of 64% compared to the first quarter of 2020 and 170% compared to the second quarter of 2019
-Gain on sale margin was 5.19%, up from 3.25% in the first quarter of 2020 and 3.22% in the second quarter of 2019
-Net income was $3.5 billion compared to net income of $97 million in the first quarter of 2020 and a net loss of $54 million in the second quarter of 2019
-Adjusted revenue of $5.3 billion increased 152% compared to first quarter 2020 and 300% compared to second quarter 2019
-Adjusted net income was $2.8 billion, an increase of 335% compared to first quarter 2020 and 995% compared to second quarter 2019
-Adjusted EBITDA of $3.8 billion grew 317% compared to the first quarter of 2020 and 868% compared to the second quarter of 2019
finance.yahoo.com
finance.yahoo.com
RKT Mortgage about to take off!IPO’d a month ago, they report for the first time on 9/2/2020.
Housing starts were very good this morning. Up expectedly by 22%, and RKT is like the “Carvana” for Mortgages apparently
RKT to the moon? Low IR play.Rocket mortgage embodies more of a tech play then a financial IMO. Volume, short-term interest, technicals, and market sentiment suggests this will test $26 before earnings. Volatile play... trade smart.
Rock Companies IncI should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price.
I'll be paying attention to Price Action to leave the necessary clues needed for me to react.
Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
Just what i think will happen. Wish i could gett more meningfull infornation about this company.
Seems kinda quiet for an IPO.
Rocket Companies- Symbol: RKT Initial Projection- LongShort Term View of RKT before a reset for the new stock.
Looking to Long RKT on confirmed breakout over $25 I've traded this 2 times, first entry was at $20.18 and was out at on the reversal break of $25. Jumped in again at $23.62 and now looking to see RKT hold the $24.50 zone as support for a breakout over $25. If so, PT is $29.24.
RKT - LONG SETUPI GOT IN ON THE IPO YESTERDAY AT 18.00 AT OPEN. IT'S TRYING TO FILL GAP TODAY THAT IT CREATED. IF YOU'RE TRYING TO GET ON THAT WOULD BE A GOOD ENTRY. GOOD LUCK THIS ONE COULD BE YUGGGGE.
RKT Day Trade Retest Gap (Brad Reed Apr1,2015)RKT expected to open at 62.00 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
RKT bullish gap Nice gap. Trapping some people for sure. Not my favorite gap and go of the day because the prior trend is so strong and bullish that some people will sell today.
