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kamileo

RKT to bounce off the lower trading range on Monday

Long
Rocket Companies, Inc. (NYSE:RKT)  
kamileo Updated   
NYSE:RKT   Rocket Companies, Inc.
Trend Analysis Technical Indicators Fundamental Analysis LONG rkt
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trendanalysis indicator fundamental long rkt

Yes I do think RKT will take off on Monday as the chart suggests. I think that trading range becomes more and more significant as RKT bounced of it two times and now found the support at it. The price was dropping in recent two dats but on the very low volume . Higher volume may take us higher. Long here.

Stop loss 24.50, TP? ~28/ or if it breaks the upper trading range I will hold until the next resistance.

I also it will grow based on the recent earning report which was a great surprise and shown that company has a lot of room for growth :) The best trades are a result of technical analysis connected with the fundamendal. I find the current setup as a very promising taking into accounts recent events.
Comment:
MACD and the price was diverging during the drop which also adds the confidence in the bullish setup.
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