RKT Daily Chart Analysis

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RKT Daily Chart AnalysisRocket Companies, Inc.BATS:RKTWavervanir_International_LLCCurrent Setup: Price at $23.44, +3.40% on the session Just broke above the "Premium" zone (~$23.44 horizontal) and tagged "Weak High" resistance Pre-market showing $23.50 SMC Structure: Multiple CHoCH (Change of Character) and BOS (Break of Structure) confirmations through 2025 Strong Low established around $10.50 (Nov 2025 sweep) Price reclaimed equilibrium (~$17-18) and now testing premium EQH (Equal Highs) clustered around $21-22 area have been swept Key Levels: Immediate resistance: $23.44 (current), then $25-26 (premium extension) Projected targets: $37.55 (cyan horizontal), potentially $40+ per the drawn channel Support: $20.60 (orange ascending trendline), $17-18 (equilibrium), $14-15 (discount OB) Structural Bias: Bullish. The ascending channel from late 2024 lows is intact. Break above weak high suggests liquidity grab setup succeeded, implying continuation toward the $30+ target zone. Caveats: "Weak High" label suggests this level could reject—watch for daily close confirmation Volume profile (bottom bars) shows distribution concentration in lower ranges; thin air above $24 The $37.55 target is ambitious (~60% upside)—would need sustained momentum and likely macro/sector tailwinds (mortgage rates, housing data) Trade Consideration: Long bias valid above $23.44 daily close. Invalidation on daily close below $20.60 trendline. R:R favorable if targeting $30 with stop below $21.