RKT trade ideas
"RKT Long" Bullish will this see $24.60+ by DecemberNYSE:RKT I feel this one might rocket well guess thats just its name but I do feel that this is testing the top range 23.40 if this breaks and hold I feel that this can get going on that break out back towards 24.60 then the fun will start with this one so I do feel this is one to watch for a nice swing.
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
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.