Downloading...
Download

Rktlong

ROCKET COMPANIES $RKT - Apr. 5th, 2024ROCKET 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 breakdown of bullish structure and a retest of the most recent zone that I am using as my trend determiner, I would label this as DNT until we see a new lower low created, even if it were only a wick below 12.80. The 4H timeframe gives a better showing of the strong bearish momentum and the retest of the broken zone. After the retest the bearish momentum continued to reinforce the bearish trend. Any break below 12.80 would confirm the bearish trend and where I'd start to look for short entries. A break above the zone bottom at 13.55, where the bearish momentum continued and where price retested, would signal a reversal into a bullish trend. 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. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, rocketcompanies, rkt, NYSE:RKT , rocketmortgage, rktstock, rkttrend, rocket, rocketcompaniesstock, rktlong, rktshort, rktanalysis, interestrate, mortgagerate, ratecuts,
NYSE:RKT
by TonyAiello
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
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
RKT Long Entry- K.I.S.S. MethodNYSE:RKT Fib retracement is complete, bullish bounce on the 4HR. Entry- $20 $25 1 PT $35 2nd PT I like to use the K.I.S.S method of investing, Keep it simple stupid! This is not financial advice, I'm a poor bastard so probably be best not to listen to me. However, this setup looks nice. $RKT has been rangebound from shorts since its IPO I like it to break out from its descent here and start a more bullish climb in 2021. This is my first post, so leave a like and let me know what you think!
NYSE:RKTLong
by HowDoIHodl
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
RKT Correction Almost CompleteInverse Head and Shoulders RKT is still below the neckline of a 3 month inverse head and shoulders. Both variations of the head and shoulders are two of the most popular formations in trading. It attempted a breakout during the week of December 18th, crossing the $22.50 neckline, but rejected & stayed in a downtrend since. The measured move on this pattern gives RKT a target of between $24.60 and $27.36. Bullish Pennant The pennant remains in play as long as RKT can hold at the current price level. Assuming it does, our next significant resistance for this pattern is around $22.40. Price has failed that level multiple times already, and unless we have a large catalyst, it could easily fail again. The next strong resistance after that is $24, where price may reject, and come back to retest the pennant breakout. Elliott Wave It seems like RKT is about to finish the final corrective wave down. Price has already bounced off the .382 level (meaning a .618 correction from the recent high in November). I believe the best buy zones to scale into a long position start here, from the .382 retracement to .146. Considering the history of being such a slow mover, I would be looking for June expiration, if not longer. The overall wave 3 target would be the 1.618, at $26.22. As a potential catalyst, nearly 40% of the RKT float is short sellers. While the amount of time it would take them to cover their positions is not long (about 3 days), this is a high short percentage. If RKT begins moving up quickly, shorts may be subject to a squeeze. Overall, look to accumulate a long position between $20 and $18. RKT has proven demand in that area (that I left off the chart to keep it a little cleaner), and should show some opportunities for profit taking even if the full move does not play out. Short interest is so high that shorts could quickly get burned, and small caps are clearly coming into favor as we start the new year.
NYSE:RKTLong
by Jomo_Davis