RKT rocketed today after breaking out and then retesting from a falling wedge yesterday. Today It completed a head and shoulders patten visible on the 4h and the daily. I think it will retest support on lower trend line, breakout of the head and shoulders and ultimately reach targets of 22.50 and eventually 24. There is resistance at 23 that I have not marked...
A great entry wouldve been right out of the falling wedge visible in the 15m Target 22 and 22.50, Keeping it modest. Should test resistance and then retest support and then fly like the wind. RESISTANCE IS 21.50 to 21.60. My fault.
MGM in rising wedge, I see it going down to bottom of the channel if not further. MGM is actual crud. Soooo.