Drag yourself out of the day to day chop to gain perspective in...

Drag yourself out of the day to day chop to gain perspective in regards to the setup for RKT

Daily - short term setup
MACD moving up nicely through the 0 control line off the back of volume re-entering the stock to support the move last week. A close above 1.2c will see 1.7c as the next short term target. I'd be comfortable to have another swing if we see the lower support of 0.009 re-tested in the short term.


Weekly - medium term setup
Strong volume print to under pin the positive MACD cross last week, the first time since last September.
Double bottom on the weekly is also encouraging.
1.7c being the next level for the medium term to clear.


Monthly - longer term setup
MACD positioned favourably as it works its way back to the 0 control line.
RSI continuing to trend higher after a sustained period of oversold territory.
Plenty of room to move to the upside as the bigger trend takes hold. Going to be an interesting few months ahead for the business.