Ok..i think my prior work up of RKT is wrong. I never really looked at the monthly time frame chart since there wasn't a lot of data there. But, looking at it this morning....uh oh. So the daily looks amazing...painted a reversal candle and an engulfing candle yesterday and bullish divergence on the mac D. But, it was technically a lower low. Weekly, looks amazing so far with 2 days left. also painting a reversal type candle right now. but technically a lower low. But, the monthly. Damn. Kills it all. As of right now we're about to show a bearish engulfing candle and unless we get a boatload of bids today and tomorrow at best it might be a dark cloud cover candle going off recent price ranges. Still technically a lower low.
So, I'll walk back me holding thru earnings...since it's today after hours and the month ends tomorrow. We never went back down and tested the lows at 17.78 or even 17.50 so there's a chance we could now. too much of a gamble to hold into earnings. Maybe they kill it and it breaks out and makes an epic run and the monthly candle that closes tomorrow ends up being a big hammer reversal.
we'll have to see. Can always re enter....at least that's my plans.
So, I'll walk back me holding thru earnings...since it's today after hours and the month ends tomorrow. We never went back down and tested the lows at 17.78 or even 17.50 so there's a chance we could now. too much of a gamble to hold into earnings. Maybe they kill it and it breaks out and makes an epic run and the monthly candle that closes tomorrow ends up being a big hammer reversal.
we'll have to see. Can always re enter....at least that's my plans.
Comment:
well, coin flip went the other way. dividend announcement was what the street wanted !!
