Get started
MediumOfEscape

RKT Long

Rocket Companies, Inc. (NYSE:RKT)  
MediumOfEscape  
NYSE:RKT   Rocket Companies, Inc.
Trend Analysis Chart Patterns Stocks Falling Wedge
3
1
trendanalysis chartpattern stocks fallingwedge
RKT is showing seller exhaustion here in a falling wedge. Triple MACD and RSI classic bullish divergence on the 4hr and the daily. I think there is solid potential for a reversal here. If not, the stop loss is clear. You don't really want to fall below the last low.

Entry: $14.21
Stop loss: $13.50
1st Target: $16.50
2nd Target: $17.75 (near the top of the falling wedge)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.