1️⃣ Why am I making this trade now?
Gotten some shares of this last week at 12. I think its currently oversold and waitimg for the rebound. Currently downtrend probably due to increase in treasury yields and mortgafe rates raising. This will cause lesser financing activity. But willing to hold in long term unless it drops below my comfrtable level.
2️⃣ What's my plan from here?
Continue to hold and might dca down with more shares. Can also sell a put if confident enough. Meanwhile, will just do a covered call for wheel income. Whether it will earn me above my previous strike is not an issue if one is comfrtable holding the underlying. Fingers crossed xoxo.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.31 1Lot(s) | +9.68% Holding |
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- 1moredrink·08:42Daily chart still has not confirmed the wedge break, and volume is fading. Oversold can stay oversold on RKT, this looks more like a dead cat bounce setup lolLikeReport