I'll preface this by saying RKT is surely a beneficiary of what's happening with GME right now. Shorts are getting squeezed harder than a cows teats right now.
That being said . . . RKT just had some interesting action. Ever since the big selloff in September, it hasn't been able to breakout past the $24 mark, until now. After this mornings big push over $25, RKT pulled back and bounced off of that $24 line.
Could this now be a new line of support? Could this sleepy stock finally be starting to wake up?? It's hard to say given the current stock market AND housing market climate. (only time will tell)
I'm not a professional, I'm just a guy with an opinion. Don't take this for investment advice. Always make sure to do your due diligence!
I'm still learning the investing world, so any feedback is welcome! Thank you and good luck!
That being said . . . RKT just had some interesting action. Ever since the big selloff in September, it hasn't been able to breakout past the $24 mark, until now. After this mornings big push over $25, RKT pulled back and bounced off of that $24 line.
Could this now be a new line of support? Could this sleepy stock finally be starting to wake up?? It's hard to say given the current stock market AND housing market climate. (only time will tell)
I'm not a professional, I'm just a guy with an opinion. Don't take this for investment advice. Always make sure to do your due diligence!
I'm still learning the investing world, so any feedback is welcome! Thank you and good luck!