RKT Current Price $20.67 Price Target $27
This is a value play with amazing long term growth potential given the technology RKT has that has attracted a young customer base.Trading at less than 10x FWD earnings RKT is very attractive here. The chart set up is also very important to note RKT is printing a cup and handle pattern which is a bullish signal. Rates...
Hi, this is my new update for RKT. In the last 3 days RKT has fallen over 20% and we broke the support levels $21.40 and $19.40 to reach all the way down to the last and most important support level $17.90-18.10. So if this level holds, then I expect we are going to close the gap in the near future. + Right now we have RSI under 30, so that indicates that RKT has...
Fib retracement is complete, bullish bounce on the 4HR.
$25 1 PT
$35 2nd PT
I like to use the K.I.S.S method of investing, Keep it simple stupid!
This is not financial advice, I'm a poor bastard so probably be best not to listen to me. However, this setup looks nice. $RKT has been rangebound from shorts since its IPO I like it to break...
Good afternoon everyone,
This is my first post on this account but I have been spending the last four years or so analyzing technical analysis on equities, futures, and crypto currency. Almost all of my published ideas will be based on the following three principles/rules.
1. 1% Risk: This is the most important rule in my trading technique. No one should EVER...
Looking at $RKT for a break out of the wedge it has formed since September. Volume has decreased since IPO and I've added two important Fib levels to look at if RKT wants higher. ER run up should be a catalyst for it.
Inverse Head and Shoulders
RKT is still below the neckline of a 3 month inverse head and shoulders. Both variations of the head and shoulders are two of the most popular formations in trading. It attempted a breakout during the week of December 18th, crossing the $22.50 neckline, but rejected & stayed in a downtrend since. The measured move on this pattern gives...
its been consolidating and forming an inverse head and shoulders, and most recently we flipped resistance to support, as long as that support continues to hold I can see us making some large moves upwards.
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)
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...