RKT - How the (RKT) price action is used to our Advantage

2024-06-14 08:32:00 ET

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Rocket Companies Inc. Class A (NYSE: RKT) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for RKT change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if RKT is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for RKT too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for RKT

• Buy RKT slightly over 13.93 target 16.22 stop loss @ 13.89
• Short RKT slightly under 16.22, target 13.93, stop loss @ 16.27

Swing Trading Plans for RKT

• Buy RKT slightly over 15.29, target 16.22, Stop Loss @ 15.25
• Short RKT slightly near 15.29, target 14.54, Stop Loss @ 15.33.

Day Trading Plans for RKT

• Buy RKT slightly over 15.46, target 16.22, Stop Loss @ 15.42
• Short RKT slightly near 15.46, target 14.69, Stop Loss @ 15.5.

RKT Technical Summary | Raw Data for the Trading Plans