$RGTI LONG TO TWENTY
A speculative theme for this year seems to be quantum computing since GOOG announced its breakthrough chip a few weeks ago. RGTI had a mammoth run, and with my Fibonacci framework I use to determine premium and discount zones, I figured this was a decent bet for a move back to the swing high of about $20 in the next few weeks. I love the fact that it has high short interest as well. Fuel. My stop loss would be at $5.90, slightly underneath what I am hoping the most recent swing low would be. I plan on holding this a few years but for a swing trade the odds are it goes back to $20 given the hype about quantum and overall market conditions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.