What is Rakuten?
Rakuten Group, Inc. provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile.
Rakuten has 4 bullish factors even though it has bad rumors.
Chat shows bullish falling wedge.
Potential MACD...
daily
RSI not yet oversold for a bounce play
weekly
closed just below 0.786 fibonacci level
currently residing just above the area pattern support
the candlestick close of next week will determine where the direction of this stock will go
Rakuten just announced they are going to accept crypto. Falling wedge pattern detected.
I want to know if anyone else sees a breakout in the near future and a good buy point?
Recently added to robinhood...
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Rakuten - JPY amazon type company, accepted crypto when this thing was at $7.75 USD....It has broken out now and shoudl head to $10.50 USD easily on the reverse HS, IMO. Other things going for it is that JPY is a crypto friendly country (by far) and now people can pay in crypto on this site. More to come, as long as Bitcoin/ETH keeps moving up. Rakuten will...
Largest shareholder in LYFT. Post IPO the stock could see a 30%-40% pop as their $300m investment reaches over $3.2B. Company also expanding in the US Logistics and distribution business.
