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Rktanalysis

ROCKET COMPANIES $RKT - Mar. 5th, 2024ROCKET 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 A-E. Labeled previous bearish trends letters F-I. Previous bullish trend and bearish trend beginnings are labeled with arrows. Last week we saw price go from a DNT zone into a bullish trend on the weekly timeframes after breaking above level $11.75 and zone top level $12.35. Currently seeing rejection of level $12.80 down to the previous zone (top level $12.35; bottom level $12.20). Despite the test and the two red days the bullish trend is still holding, but it should be noted the 4H has wicked into a new low. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NYSE:RKTLong
by TonyAiello
3rd Time A Charm for RKT?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 bit of the "meme stocks" trend to keep in mind. RKT has been part of this a few times over the last few months as well. "Retail traders say, “I’m Not Leavin’,” as the hoard of Redditors began forming alliances. Subreddits like r/WallStreetBets, r/PennyStocks, and r/Stocks, all built massive followings of loyal members looking to collaborate, and, in some cases, commiserate with eachother and the market was the centerpiece...This mob mentality would ultimately stoke the fire that became the massive GameStop (NYSE: GME) short squeeze of 2021. The event would eventually spark interest in similar – or sympathy – trades like Express (NYSE: EXPR), BlackBerry Ltd. (NYSE: BB), and even Rocket Companies Inc. (NYSE: RKT). The new market niche of “meme stocks” actually sparked enough attention that a new ETF was created, VanEck Trust Social Sentiment ETF (NYSE: BUZZ)." Quote Source: Why Penny Stocks Are The Focus For Reddit Investors In 2021
NYSE:RKT
by PennyStocks101
RKT to move to $27 after Cup and handleRKT 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 have continued to fall on strong jobs numbers as deflation is now a real concern. A drop in rates helps RKT be able to provide more mortgages to people as mortgages look more attractive to potetinal buyers when rates are low. Last year RKT was able to provide 126% more mortgages, I expect this trend to continue for RKT.
NYSE:RKTLong
by Value-Invest
1
Rocket Mortgage (RKT) Long SetupGood 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 risk more than 1% of their entire account on any single position. 2. Stop Loss: ALWAYS use a stop loss. This rule is extremely important and should be implemented with rule one. 3. Take Profits: Profit taking should always occur. Your first profit target for your position should cover your possible 1% stop loss, if not more. As I continue to publish my ideas, I will explain the methods that I use in more detail! Good luck and happy trading!
NYSE:RKTLong
by MarketTradingLive
1