RKT to move higher before earnings

21 août 2020

U shaped recovery. Potential cup and handle in formation here. Q2 earnings coming up on September 2nd. I think this stock will run up before earnings as expectations will be high. This company is profitable and business has never been better. CEO said that they are more profitable when volumes are high which I think will be the case.

This is a mortgage company trying to obtain a tech valuation. Not sure it will get a tech valuation but good earnings will drive this stock higher.

24 août 2020

Transaction en cours

RKT has not stopped moving higher. I have no reason to believe this new trend will slow down. Based on current trend, my price target is $45 by August 31st.

28 août 2020

Transaction en cours

After a slight pull back the past couple days, we saw some bullish activity today. It seems to have broken out of a bullish pennant and breaking some resistance. MACD crossing on the 1hr also bullish. I think this will trade higher into earnings with a revised PT of $30.