RKT trade ideas
Wanting to hit Resistance. Rkt had a pretty good week last week. Trading on the bottom channel. Great buy point if you look at the company financials.
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
Long term RKT. Bounced off support and definitely see this company as a long term hold. Always see commercials of it and Chart looks good to me.
Target 31?SL 21.40
Target 31.
Broke down trend with good volume. Housing is going crazy and so the mortgage companies.
RKT breaks downtrendThe volume came in strong today at about 10:30am. It broke initial resistance at about 21.30 for confirmation and continued to move higher. I bought October 30th $24 call options on this break out. If this can break $24 we could see $27 or even $30 again before earnings.
RKT Bullish Entry at Neckline RetestNice breakout today. Price action making lower lows, following that trend line. Looking to get in at the retest of the neckline of that newly formed double bottom.
2nd Cup with handle Forming? Like this company for the long run, but dont understand how it hasnt run up. Maybe a 2nd cup with handle could be forming.
Misery likes a good companyI bought into the RKT hype like many others ... and it's been miserable in almost every way. My ugliest active chart, and it's not even close. Still, there seems to be a lot of long-term excitement about this stock, the company is solid, the outlook for mortgages is less dire than some make it out to be, so while I wouldn't short it, I'd wait to see if it can hold/bounce off that POC in the low 19s before even considering adding to my position.
2nd cup with handle pattern?Fairly new to the game. Looking at the chart it may be forming a second cup with handle. hopefully we see it play out, but this is definitely a long term minvestment.
Not rektShould have listened:
old.reddit.com
Contemplating dumping my stagnant $WMG position for a small loss to take part in what seems to be the main event.
Rockets are built to go to the moonThe chart shows us a f#&cked-up " Cup and Handle" pattern.
It might take off soon but wait for the confirmation.
Hope, this analysis was helpful for you
