RKT trade ideas
$RKT | Rocket Companies Time to BuyRKT Broke out of a clear consolidation and is ready to move higher. Staying long
WATCHING $RKT for ENTRY TARGET @ 18.21WATCHING $RKT for ENTRY TARGET @ 18.21
I’m practicing to nail my entries better… if target hits I will take a position.
RKT - SHORT - GRIM OUTLOOK FOR THE FALLING RKTI was originally long on this position but things changed quick, I am glad I followed my rules and exited my long as a reanalysis is showing a grim outlook... H&S pattern present, blue arrows on chart show the potential fib levels that it will fall too
RKT - EASY RISK/REWARD TRADERKT looking like it could go either way, but im going with 60% chance it'll go up, 40% chance it will go down, either way this makes for a super easy entry. I'll enter this tomorrow morning set stop loss at the bottom balance support, profit target set at 22.35. This is a cookie cutter trade and great risk/reward for either direction. If anyone finds set-ups like these, enter them.
RKT heading northIn my last analysis I predicted that RKT will reach 23$ sooner or later. I still believe we will break this line and running against 28$ before we make the next rest.
RKT ready for takeoff21 and 50 EMA making crossovers of the 200 as well as RSI above 50. We are looking great for a breakout. Maybe retest of 23? I think we will close above that.
RKT to move to $27 after Cup and handleRKT Current Price $20.67 Price Target $27
This is a value play with amazing long term growth potential given the technology RKT has that has attracted a young customer base.Trading at less than 10x FWD earnings RKT is very attractive here. The chart set up is also very important to note RKT is printing a cup and handle pattern which is a bullish signal. Rates have continued to fall on strong jobs numbers as deflation is now a real concern. A drop in rates helps RKT be able to provide more mortgages to people as mortgages look more attractive to potetinal buyers when rates are low. Last year RKT was able to provide 126% more mortgages, I expect this trend to continue for RKT.
RKT LONGNice recovery above SMA50 and SMA200 this week, on strong volume after bottoming in the 10s. Nice risk reward.
RKT - LONG - SHORT TERM / NEUTRAL - LONG TERMRKT - short term long, long term neutral.
This is just a quick analysis of RKT that im planning to build as I recognize the stocks patterns. Looking like an easy short term target of $22.45. Possible move to $23, 1:1 fib extension of last long swing, i can see it going sideways after it hits that volume channel between 22-23, if it can break above 23.50 we can expect bigger moves. Until then i'll continue building an analysis of it.
$RKT interesting POC, likely moves through $30The POC caught my eye, stock is primed for a move and has squeezed in the past, could run. Big SI as well.
$RKT Price Target $23-$25.50$RKT $RKT is coming off an ATL, its still a fairly new ticcer, however its POC is around $22.96, I like it this week for a gap close $22.63 and it also has support levels around $22.98-$23.56. Looking for a squeeze to $25 (Which is my strike price for this week 6/11). Take Profit Do Not Bag Hold Forming a nice cup and handle and the support levels of $19.43 is where the handle is.
$RKT Testing the 50 EMA at a resistance with 1.8 Relative volume$RKT Testing the 50 EMA at a resistance with 1.8 Relative volume. Watch for break confirmation and we have a small gap to fill around $22.60.
RKT looking like its ready for lift off at this spot..T-minus 5 before this takes off, but does it have rocket boosters or just rocket thrust.....I have two paths here that could be possible.
I left the unique pattern it was making as keys to where the same moved happened in the past and carried their trendlines forward.
Cup & Handle Pattern Forming For RKT Cup and handles typically take 1-4 weeks to play out. 14% of the float is shorted but RKT has less than 1 days to cover. Making RKT a pretty weak short squeeze opportunity IMO . But I do like the value for RKT and the chart set up, I worry about what a rising rates environment would do to their business (higher irates less people looking for homes)
RKT Wyckoff Accumulation - Entering Phase D?RKT could possibly have gone through textbook accumulation breaking up from the spring on relatively low volume. I would like to see a retest of liquidity at 18.20-18.60 for more validation, but we might not get it.
Look for a pullback at mid point.
RKT Value TradeRKT trading in a sideways trend.
Fundamentally strong company.
Low risk high reward entry with possibility for all time bottom
Once it starts turning up it's going to get turnt up - RKT This is going to be beautiful once it gets over support again, nobody wants it down here, going to get exciting.
