See chart. Break out soon. Interest rates going up, more profits for lenders. Price target 1: 4.1$ PT 2: TBD
Just one way it may play out, if it follows a classic Wyckoff accumulation phase. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
RSI indicator showing that RKT is overbought. A pullback to $24 - $27 is very likely. For educational purposes only.
Looking at the chart.. There is so much potential in this one.
News on RKT with increased dividends, and shorted too much. I suspect into March this will blow up. Possibly even a gap fill. Super efficient company.
Accumulation and massive nesting under the IPO anchored VWAP. With it's first ER today after hours, we'll see if it pops at last.
We have to wait for tomoorrow earnings reports, if stays above support buy Stop loss: 17.50
Rocket: Stage 6 launch, the 6th go at it here. Not quite ready yet, wait for some consolidation and be patient! Let the trade come to you. RSI needs to begin to heat up before I enter the Rocket launch. Stocks: A good risk reward would be entering in the "area of value" along the trendline and set stops below support (draw your own or auto shown on TRND bot...
$RKT is coiling up, getting ready for a move, and in my opinion is forming a descending triangle, which are typically bullish patterns. The 1 hr also shows a bullish divergence on the RSI, the volume is also dying down, but continuing to go down which is a bullish divergence as well. On the daily price looks to be forming and even greater coil meaning an even...
RKT Entry = 19.25 - 20 Cost Avg Down = 17.50 - 18 1st profit Target = 21.64 2nd Profit Target = 24 HODL Target = 618@28.00+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form...
$RKT has been trading in a fairly defined channel - good earnings/ trading into earnings could result in an uptrend. Targets are identified on the chart.
Was a little late on this, but the pattern formation did not complete until closing time. Seems to be sufficient support developing as well. Price movement may be very dramatic in the a.m. but I think Rocket is set to take off! Trade responsibility (w/e that means) lol CHEERS
Good afternoon everyone, This is my first post on this account but I have been spending the last four years or so analyzing technical analysis on equities, futures, and crypto currency. Almost all of my published ideas will be based on the following three principles/rules. 1. 1% Risk: This is the most important rule in my trading technique. No one should EVER...
NYSE:UWMC ENTRY = 9 - 10.50 1st target .5fib@11.81 2nd Target = .618fib@12.43 HODL Target = 14+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading...
Looking at $RKT for a break out of the wedge it has formed since September. Volume has decreased since IPO and I've added two important Fib levels to look at if RKT wants higher. ER run up should be a catalyst for it.
currently at a bottom low and every time it has bounced off this bottom line it has taken an average of 11 days for it to go to high 22's or low 23's.