support level turned resistance for now🥶waiting for trigger break here, RSI overbought and approaching resistance.. so I have some bearish bias for now.
long trigger 10.60 / short trigger 9.13
RKT trade ideas
Double bottom, trend still says $4Support at 6.91. If rkt falls through that $5.50 likely downtrend to $4. Only hope is major PR announcement
Trend is your friend - short rktStill my thesis holds, good company but will see housing crash and bad earnings coming up- target is $4-5 range buy then
Rocket Companies (NYSE: $RKT) Looks Poised For A Reversal! 🚀Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to national car rental and online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Nexsys, a fintech company, which offers a suite of essential tech solutions for mortgage origination and closing processes through digitization and automation; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage startup. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.
Target is $5 down to $1Broke all fibs very well will go back to atl have purchased many short positions
Double Bullish Divergence Inside of Falling Wedge We have Hidden Bullish Divergence on the daily along with Classic Bullish Divergence on the weekly and are potentially Double Bottoming near a Logscale 1.618 Fibonacci Extension.
$7 By AprilTrendline pertaining to the pure trash nature of this company. Dan gilbert and jay farner don't give a $%^& about investors. They'd rather have investors live off a meal of ramen noodle soup than pump their already destroyed stock. What a disgrace. I bet this will reach $7 by april with current economy trends. good luck gonna need it
Garbage RKT is absolute trask :)going to 0 just buy puts broke all fibbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
$3 by july RKT - Current TrendTrend points $3 by July, Purchased plethora of puts, this is going much much lower with war and interest rates. Market tank not priced in
RKT going to 0 - :(Bearish, 0 technicals left, worst management, such an ugly stock
Disclaimer: I hope I'm wrong
wait to $10 Used to have confidence this would perform well. But now it is game over for this stock, 0 support broke all fibonacci, no buying power
RKT LongRKT is showing seller exhaustion here in a falling wedge. Triple MACD and RSI classic bullish divergence on the 4hr and the daily. I think there is solid potential for a reversal here. If not, the stop loss is clear. You don't really want to fall below the last low.
Entry: $14.21
Stop loss: $13.50
1st Target: $16.50
2nd Target: $17.75 (near the top of the falling wedge)
RKT: Wedge PatternWe can see the price moving higher for another wave up. The first resistance area is located near 14.72 (that will be very decisive zone)
After the price moves higher we will have chances for more upside movement.
Targets:
🎯 14.72
🎯 15.24
🎯 16.35
Thank you and Good Luck!
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RKT: Could This Be The End For The Bears?Nov-04-21, the Rocket Companies reported for third-quarter 2021 revenue of $3.16 billion, beating a consensus of $2.93 billion.
Quarterly earnings of 57 cents per share beat the analyst consensus estimate of 48 cents by 18.75% , (according to a Yahoo article)
The company also exceeded the top end of its closed loan volume and margin guidance.
The third quarter marked the second consecutive record purchase quarter for the company.
The company has $88 billion in mortgage origination closed loan volume in the quarter.
Oct-29-21, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT) has teamed with Salesforce (NYSE: CRM ) in a partnership that will make the Detroit-based company's mortgage origination technology available to banks, credit unions and other financial institutions through Salesforce Financial Services Cloud.
The company has a Market Cap is 32.32B. It has performed very well also during the previous quarters.
The last two quarters were a bit lower than then expected profit, but anyway the company was with very good profits and it keeps expanding in the market.
During the beginning of the year the company was also support from the Reddit forum WSB and was classified from the market as a "meme stock". Anyway my purpose of the analysis it is not related with that part but that gives extra value as well. We all need support to move the price higher:)
From the technical perspective I think that the stock just completed a "Falling Wedge" pattern and broke out.
In my personal opinion $15 was the low for this stock and from here we should begin to see it moving higher.
Targets:
$19.30
$22.3
Thank you and Good Luck!
RKT: Could This Be The End For The Bears?Nov-04-21, the Rocket Companies reported for third-quarter 2021 revenue of $3.16 billion, beating a consensus of $2.93 billion.
Quarterly earnings of 57 cents per share beat the analyst consensus estimate of 48 cents by 18.75% , (according to a Yahoo article)
The company also exceeded the top end of its closed loan volume and margin guidance.
The third quarter marked the second consecutive record purchase quarter for the company.
The company has $88 billion in mortgage origination closed loan volume in the quarter.
Oct-29-21, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT) has teamed with Salesforce (NYSE: CRM) in a partnership that will make the Detroit-based company's mortgage origination technology available to banks, credit unions and other financial institutions through Salesforce Financial Services Cloud.
The company has a Market Cap is 32.32B. It has performed very well also during the previous quarters.
The last two quarters were a bit lower than then expected profit, but anyway the company was with very good profits and it keeps expanding in the market.
During the beginning of the year the company was also support from the Reddit forum WSB and was classified from the market as a "meme stock". Anyway my purpose of the analysis it is not related with that part but that gives extra value as well. We all need support to move the price higher:)
From the technical perspective I think that the stock just completed a "Falling Wedge" pattern and broke out.
In my personal opinion $15 was the low for this stock and from here we should begin to see it moving higher.
Targets:
$19.30
$22.3
Thank you and Good Luck!
$RKT Falling wedge, Divergence, Spring/BacktestThe best confirmation would be above the purple inflection zone at 18.31, but from here youve still got an easy 3:1 trade if you stop out under the low at 14.99.
Clear divergence on multiple oscillators at that level, with a spring and bullish engulfing backtest here on the daily.
RKT $20CMar22.Just bought 4 "RKT" $20CMar22, It is a $280 gamble before earning call. I will build my positions from there, hopefully it will bring good news.
It will probably tank to 30s cents next week, 😀😀😀.
Last year, I bought similar 4 contracts end Jan21, It didn't work out , expired before last March huge pop up; fingers crossed for next year. Good luck.
$RKT - breakout confirmationMonday's move gave confirmation that this breakout should continue. RKT has been a complete pain but you have to respect/enjoy the downside of stocks to be able to respect/enjoy the upside. There will be several resistance areas. $17.22, $18, $19 and more but this company is one of the best in the industry. I think 2022 will continue to show strength in the housing sector since JP and the Federal reserve will not begin increasing rates until 2023 due to tapering and then mid term elections. After that, there will be a lot of concern and slower growth in the housing market as interest rates rise. Higher interest rates mean higher cost to buy a home and will lead to lower housing prices. GLL!
$RKT - breaking outRKT will need follow through Monday but I like the look of this chart. I bought a small long term OTM $22c for fun a month or so ago and then bought some more of it when it was in the $15 range. It is a small position in case this breaks out to the upside in a crazy pattern as it has done a couple times in the past. Should be fun to see if there is follow through and even better if she flies again! GLL!!!
