ROCKET COMPANIES NYSE:RKT - Apr. 5th, 2024 BUY/LONG ZONE (GREEN): $13.55 - $14.75 DO NOT TRADE/DNT ZONE (WHITE): $12.80 - $13.55 SELL/SHORT ZONE (RED): $11.50 - $12.80 Weekly: Bullish Daily: DNT 4H: Bearish The weekly timeframe has a bullish trend with strong bearish momentum on the most recent candle as the week is wrapping up. The daily timeframe has a...
ROCKET COMPANIES NYSE:RKT - Mar. 5th, 2024 BUY/LONG ZONE (GREEN): $12.35 - $14.20 DO NOT TRADE/DNT ZONE (WHITE): $11.75 - $12.35 SELL/SHORT ZONE (RED): $10.20 - $11.75 WEEKLY: Bullish DAILY: Bullish 4H: Bullish Bit messy today but hoping this provides more insight and support into how I've been following price movement. Labeled previous bullish trends letters...
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...
Can RKT go even lower for even more accumulation?! Just an idea.
RKT has been trading below the 6-8-21 day sma and struggling to break through these moving averages which signals bearish. It's sitting above the 50day sma which is using it has a support. If RKT fall below the 50day sma I'd look to enter a short position and gap fill all the way down to the $19.50-$20 area. Contract Suggestion: RKT 4/30 21P @ .50
RSI indicator showing that RKT is overbought. A pullback to $24 - $27 is very likely. For educational purposes only.