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Rocket Companies, Inc.
Long

RKT - Inverse Head & Shoulder Play

241
RKT looking to pick up some steam past two days. BlackRock picked up a large position in it, and it has been staying relatively strong to the broader market. Even today, it held up quite well and was able to reclaim the 50 MA.
If the market bounces tomorrow, or if RKT is able to clearly reclaim 21.60 level, we can see continuation in this inverse head & shoulders, and with the additional momentum, we will see a 9 EMA 50 MA crossover resulting in a potential explosive move.

If market bounces tomorrow, 12/18 contracts could pay, otherwise, as long as it remains above the 50 MA and 9 EMA, getting LEAPs are a great idea.

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