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)
Lower business volumes have already been heavily discounted into analysts valuations and the share price. RKT is laser focused on growing the business and taking market share through their innovative use of technology. Solid company, Forbes 500, #5 best large company to work for, tons of goodwill through the founders’ foundation, exemplary profit history. Historic PE around 5.