She's been a disappointment except for a few weeks since IPO. I would not be surprised if she disappoints again but the December 22c are pretty cheap for a long term lotto fun play. Very tiny position but we shall see :) GLL
Rocket has been a disappointment except for roughly 10 days since its IPO. There were more good times but it has had a very hard time gaining and keeping momentum. This RSI on the 1 hour though has me intrigued. Disclosure I bought 12/17 $22c for $0.51 because I was bored and it looks fun. Plenty of time on it and did not buy much. This is for me not my clients.
RKT 15 min chart showing a very touchy level at the 786 fib line. If broken and held above, this would be the 3rd time that it has done so in a short period of time. But will it stick this time? Strong volume and price action on Aug 2nd. Upcoming earnings will likely determine the trend for RKT stock heading into the middle of H2 2021. You've also got a little...
As we can see from the 4-hour chart the price is testing a very strong support area. Recently, $ RKT has made this place a favorite area for traders to buy at with full power. The Rocket Company is testing the area for the second time since joining the NYSE.
Thank you and Good Luck!
BUY #RKT NYSE STOCK PRICE @ 17.29 USD 37% RETURNS EXPECTED
Buy Entry @ 17.31
Target @ 23.85
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RKT broke out and looks like it's retesting the support. Good chance it will bounce off 18.93 or 18-18.14 support.
Either way, LEAPS play.
Company valuation has changed to ~30-50 area. Some analysis predicts it's valuation will be near $100 in the next 5 years!
Asset and Time frame -RKT,1D
Entry Price -20.15
Exit(Stop Loss) -19.21
Exit(Take Profit) -25.92
Technical Analysis -Price has been going down and sideways for quite some time,we've had some nice volume at the bottom buying and a few candles afterwards a strong bullish engulfing, also price made an ABC pattern on the daily Fibonacci level with some significant...
Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.