RKT trade ideas
RKT- Inverse Head And Shoulders PatternRKT is forming a nice Inverse Head And Shoulder Pattern. Waiting for a confirmation.
NOTE: The Inverse Head-And-Shoulder pattern is an example of a bullish reversal pattern. This means that the price action and trend that occurred before this pattern developing was bearish. The inverse head-and-shoulder pattern often shows up at the bottom of a move in the market.
RKT Earnings PlayLooking for a breakout of the descending wedge around earnings to the upside.
Looking for $24-$26 end of the week on a beat.
Just need to get the workThis is your monthly forecast for RKT, if you like my content, follow me, and if you want me to do a monthly forecast on a stock, just follow me, and then type the Ticker on the comment below.
just note this is not financial advise, a weather forecaster is the only job you can be wrong and not get blamed or fired. so this is the same analogy, not financial advise!
You guys rock on and have a good trading session tomorrow :).
a pop to $40 and then sinking!butterfly harmonic pattern:
(4)=0.78 (3)
(5)=0.88 (4)=$39
(A)=1.6 (5)=1.27 (3)=$14
(B)=0.38 (A)=$20
(C)=2.24 (5)=$8.5
RKT - SHORT SHORT SHORTRKT has been trading below the 6-8-21 day sma and struggling to break through these moving averages which signals bearish. It's sitting above the 50day sma which is using it has a support. If RKT fall below the 50day sma I'd look to enter a short position and gap fill all the way down to the $19.50-$20 area.
Contract Suggestion:
RKT 4/30 21P @ .50
Potential value area. (part II)I hadn't realized in my last idea the Chart had been shifted somehow someway ( the back and forth between time and log scale maybe? ). My sentiment remains the same and here are the fixed visuals. I'll rethink my Bullish bias if 20$ somehow flips into resistance and / or Market Bulls capitulate.
Pattern on RKT. Looking at the daily chart on RKT i see a pattern that isnt that difficult to find. If you look at previous earnings prior to them you will see that the stock trades sideways, and then there is a move up on the day of earnings or after earnings. This is a great company with record numbers and there earnings were off the charts. Dont understand how this isnt trading at a higher price, but would expect this to eventually move up. MACD is in the red right now and it seemed like it was ready to go green, but the market went red again and hopefully it turns green soon.
Potential value area approaches Price action continues to be pinned down after the dividend pump to all time highs of $43. After being rejected by the .618 of the swing low 17.50 to new ATH 43.00, we are trading between both .786's Price action looks to test both previous downward sloping supply lines which happen to also align between the .886's. If this area does in fact serve as support and the new demand zone, I see 21.50- 20.50 as a potential value area for a swing trade.
Third leg upRkt has the same low volume and candle formation at the last two highs get ready for the third leg up
ROCKET LAUNCH, STAGE 1You can clearly see cycles on every indicator as well as on the candles. It looks like we are going to have a big increase soon.
RKT Update - Watch for today's closePreviously posted to wait for earnings:
RKT did well in earnings as expected and seem to be starting to rally. If it closes above the trend line above 23.70 today it should be a good sign to add to position. In my opinion RKT's price has been held down for some time and should see a bigger rally within a few months.
RKT could breakout again.Looking at the daily chart on RKT and if you look at the MACD it looks like it is ready to close red and turn green. RSI is heading up and friday saw some volume which i think was the reason for the move up on friday.
LEVELS TO WATCH FOR RKTMajor support under 23.4, expect a little dip to that at market open and over the day watch for general resistance around 26.5. I feel if we can break 26.5 we can drive it up again. Let's this bread. Buy options while they are cheap. Expect the price to hit $50 this month at some point.
Falling wedgeAfter the huge seloff, we might have a trend reversal, and make a higher low on a higher timeframe.
If we manage to breake the upper resistance, then we might see some nice rally.
BULLISH ASF. Get your positions in now, going to the moon!!!If we break up in aftermarket I would get options to call in around $50 for the end of April while they are cheap.
RKT HIGH/LOW Dates Fits this Sine Wave Fairly WellThis sine wave fairly well predicts the dates (not the values). This is only an observation. I like patterns. This is not trading advice. I think it will be interesting to see if the pattern holds.
