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tfleet007

$RKT Bullish Inverse H&S

Long
Rocket Companies, Inc. (NYSE:RKT)  
tfleet007 Updated   
NYSE:RKT   Rocket Companies, Inc.
Trend Analysis Chart Patterns Technical Indicators Inverse Head and Shoulders Bullish Patterns rkt
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trendanalysis chartpattern indicator inverseheadandshoulders bullish rkt
I really like this trade right now, the Risk-Reward is there.

There is a clear potential for an Inverse H&S pattern if bulls can reverse the trend here and break the neckline. I am entering 19MAR21 21C as a starter position and will buy earlier expirations on confirmation.
Comment:
snapshot

RKT looks primed to go and is moving according to the previous analysis. As you can see the neckline has been broken, now we just look for follow-through
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