Rocket bullish flag detected
RKT - Rocket Companies Targets:
$22.78
$24.00
Formed a very good support line around 19.40.
Detected the bullish flag, watch for a breakout. Watch for volume confirmation and RSI.
Earnings in two days. Strong earnings report (Q3 beat expectations) could take the stock to the moon!
This is my first post. Hopefully will make a good start!
Good luck and trade smart! (not a financial advice)
Note
RKT hit solid support line several times yesterday which supports the possibility of a breakout. Support line is one of the confirmations I was waiting for. Strong earnings report will take us to the moon. Fingers crossed!Trade closed: target reached
RKT reached $24 target today and currently trading around $24. Short term goal achieved, I am closing my 20.5 call options. Short term goal achieved. For the long term the stock has huge potential and I am expecting $35-40 price range in 6-12 months. (not a financial advice)Good luck and trade smart!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.