RKT broke out of the falling wedge last week and it jumped big. But didnt run enough bc spy was falling. RKT seems to be forming a strong support around 20.73 and i see it running more next week. Entry: 20.81 (0.236 fib) SL: 20.50 (tight SL) PTs: 21.35, 21.89, 22.76 Bullish over 21.06 (local resistance)
"When the pandemic hit, some people still had to travel to see family and conduct business. Traveling nurses needed places to stay while helping overburdened hospitals. And in the months since, leisure travel has picked up somewhat and business travel is starting to make a bit of a comeback. On the other hand, group travel stopped. Every large-scale gathering...
Rocket Companies remains one of the most undervalued stocks... The last two Earnings Reports $RKT has continuously to outperformed their expected EPS by a substantial margin. Along with other highly impressive financials. The CEO Jay Farner was quoted on their IPO Day stating, "The company's profits are so high there is a Good possibility for Dividends..." That...
Keeps rejecting the upper trendline, A break out of this wedge would be explosive PTs: 23, 25
My thoughts on a possible trend line break entry in a bullish trend
RKT establishing control of 4H 50MA inside of IHS. Long entry: 19.91 - 22.50 Take profits: 26.50 - 29.00 Stop Loss - 19.39 2.6%-16% loss : 33-45% profit.
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...
We are above 50D moving average, RSI over 50 and head and shoulder confirmed, I'm 100% bullish. Target 29
This looks bad for my long term, whose got some plays to hedge?
With the support level at 20 and head and shoulders bottom, I think we will see the range of 28-30 next month. The 0.702 retracement level is very important.
Requested Video breakdown on $IVR
bear pennant in the process of forming. i am guessing we see $20-ish before a move back up.
So we are not current making that move and new souce seem to be confused. Buthis goes higher. period. And likey within the next few days.
$RKT I think will rocket into earnings approaching strong support