RKT Objective PathNYSE:RKT has had a great couple of days. I believe this trend will continue into next week after a bullish pennant formed today in premarket and quickly broke upwards throughout the day. A hold above 22.68 could allow this trend to continue, and a break below could lead to some consolidation with 22.20 as the next support level. Other support and resistance levels are marked
Rkt
Rocket Companies Inc UpdateAs you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets.
The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's a HUGE order block nicely positioned down below waiting to be touched for the very 1st time... dare I say like a virgin. j/k
I'm interested in $19.90 - $20.46 IF price reaches it! We all shall see..