Cup and handles typically take 1-4 weeks to play out. 14% of the float is shorted but RKT has less than 1 days to cover. Making RKT a pretty weak short squeeze opportunity IMO . But I do like the value for RKT and the chart set up, I worry about what a rising rates environment would do to their business (higher irates less people looking for homes)
RKT could possibly have gone through textbook accumulation breaking up from the spring on relatively low volume. I would like to see a retest of liquidity at 18.20-18.60 for more validation, but we might not get it. Look for a pullback at mid point.
RKT trading in a sideways trend. Fundamentally strong company. Low risk high reward entry with possibility for all time bottom
This is going to be beautiful once it gets over support again, nobody wants it down here, going to get exciting.
Can RKT go even lower for even more accumulation?! Just an idea.
Rocket Companies Inc is a Detroit-based company helping its clients achieve the American dream of home ownership and financial freedom. Its flagship business, Rocket Mortgage offers government sponsored enterprises (GSE)-conforming and government insured mortgage loan products, which are marketed in all states through the internet, national television and other...
Hi, this is my new update for RKT. In the last 3 days RKT has fallen over 20% and we broke the support levels $21.40 and $19.40 to reach all the way down to the last and most important support level $17.90-18.10. So if this level holds, then I expect we are going to close the gap in the near future. + Right now we have RSI under 30, so that indicates that RKT has...
Here is some Technical Analysis that even Ham the Astro Chimp would understand. In fact, I am writing this explicitly to him. Yo ham, Check this shit out. You think this chart is about to flip bearish AF and live up to it's namesake? Or is this the proverbial DIP? Stay lifted, **** So anyway, either the history of price action above becomes resistance...
RKT 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.
Looking for a breakout of the descending wedge around earnings to the upside. Looking for $24-$26 end of the week on a beat.
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 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
RKT Bottoming out cup formation. Ready to pop. Waiting for a break on triangle formation.
I love $JMIA but the set up screams bearish. Here is a video breakdown on my plan moving forward.
If we break up in aftermarket I would get options to call in around $50 for the end of April while they are cheap.
Tracing a classic accumulation pattern, but would need catalyst and volume to break out of selling pressure.
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...