$RKT Barring any news, here are some possible scenarios for the coming week: 1. Sell off on volume, test all time lows of 16.25 ish and perhaps do a shakeout wick below 16.25 then begin reversal after big players have covered and loaded up. It will move up much faster if this happens. 2. Consolidate around this 16.6-17 range with 17 being the new resistance. We have to reclaim 16.91-17 as support to gradually climb back up. 3. Sell off on volume and break resistance, closing at new lows. Bagholders panic sell or get liquidated, furthering the drop to the 15s. This is probably not that likely to happen unless overall market is very weak.
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