Is This Another Short Squeeze in Rocket Companies (RKT)?
Posted on Thursday, February 17, 2022 at 10:56 AM
Dan Passarelli, CEO - Market Taker Mentoring
This is a stock I've watched for about a year now. And today, it is showing some very bullish signals. Is this another short squeeze in Rocket Companies (RKT)? I think it could be.
When we see heavy call buying in a stock that has high short interest as the stock is rising, it sometimes takes off higher in a short squeeze. Particularly when we see volume trading on the offer and volume is higher than open interest. Especially if the stock is up at least 2 percent.
So RKT has all the signs of a potentially explosive move higher. This video explains my rationale and what may happen next.
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