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 $50 for the end of April while they are cheap.
Tracing a classic accumulation pattern, but would need catalyst and volume to break out of selling pressure.
Yes I do think RKT will take off on Monday as the chart suggests. I think that trading range becomes more and more significant as RKT bounced of it two times and now found the support at it. The price was dropping in recent two dats but on the very low volume . Higher volume may take us higher. Long here. Stop loss 24.50, TP? ~28/ or if it breaks the upper...
See chart. Break out soon. Interest rates going up, more profits for lenders. Price target 1: 4.1$ 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.
Have been eyeing this one for a while. Will probably need a bit more patience.
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.
First candle close above 23.99 since. Aug of 2020!!
This intraday bull flag is about to launch!!
Ok..i think my prior work up of RKT is wrong. I never really looked at the monthly time frame chart since there wasn't a lot of data there. But, looking at it this morning....uh oh. So the daily looks amazing...painted a reversal candle and an engulfing candle yesterday and bullish divergence on the mac D. But, it was technically a lower low. Weekly, looks...
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.
OK...So yesterday we had a huge dragon fly doji. this candle relies on the 2nd candle to confirm the trend reversal. today we got a huge engulfing candle !!! woo hoo.....as long as they don't shit on their earnings i think we bout to see the true potential of this stock !!! every other commercial is rkt mortgage commercial....someone gotta pay for all that !!! haahah
We have to wait for tomoorrow earnings reports, if stays above support buy Stop loss: 17.50