Rigetti Computing, Inc. to print a 70% market crash ??** short trade - weeks ahead **
On the above 2 day chart price action has rocketed up 800% in the last 60 days. Now is a good moment to be “short”, why?
1) Price action meets flag forecast.
2) The forecast area is also monthly resistance.
3) Price action is multiple sigmas from the Bollinger Band Mean. Do not forget, 95% of all price action trades around the mean.
4) First support is around $2.35
5) Everyone else on tradingview is long. WW is a contrarian, that means he opposes popular opinion.
www.tradingview.com
Is it possible price action continues going vertical? Sure.
Is it probable? No
Ww
Type: Short trade
Timeframe for short entry: 48 hours
Risk: You decide
Return: 70%
RGTI trade ideas
RGTI Technical Analysis and Long-Term Investment DiscussionTechnical Analysis:
* Trend and Momentum (1-Hour Chart):
* RGTI is displaying strong upward momentum, with price action recently breaking above a key resistance at $19.39.
* The price is forming a higher-highs and higher-lows structure, indicative of a bullish short-term trend.
* Volume: Noticeable volume surge during the breakout, confirming buyer strength.
* Indicators:
* MACD: Bullish crossover is confirmed, with the histogram expanding upwards, indicating increasing bullish momentum.
* Stochastic RSI: Approaching overbought levels, suggesting potential short-term consolidation or minor pullback.
* Support and Resistance:
* Support Levels:
* $19.39: Previous resistance turned into immediate support.
* $17.99: Major support aligning with the ascending trendline.
* $15.02: Critical support level; a breakdown below this would negate the bullish trend.
* Resistance Levels:
* $20.19: Current resistance; breaking this level could push the price toward higher zones.
* $24.00: Key psychological resistance and potential mid-term target.
Long-Term Investment Potential
Strengths:
* Industry Position:
Rigetti Computing is a leading player in quantum computing, a sector expected to revolutionize industries such as finance, healthcare, and cybersecurity over the next decade.
* Technology Leadership:
Rigetti focuses on full-stack quantum computing solutions, giving it a competitive edge in an industry still in its infancy.
* Market Sentiment:
Growing interest in quantum technologies could sustain investor enthusiasm, leading to strong capital inflows and partnerships with enterprise clients.
Challenges:
* Early-Stage Company:
Quantum computing is a highly speculative field with many unknowns about scalability, commercialization, and profitability. Rigetti's ability to deliver tangible results remains to be seen.
* Financial Viability:
Startups in this space typically require high R&D costs, and Rigetti may face challenges in maintaining a solid financial position without consistent revenue streams.
* Valuation Risks:
The stock's rapid appreciation may have already priced in much of the speculative future growth, increasing the risk of corrections.
Key Considerations for Long-Term Investors
1. Growth Drivers:
Evaluate Rigetti's ability to secure partnerships, government contracts, and enterprise clients for quantum applications.
2. Market Timing:
While the current bullish momentum is favorable for short-term gains, long-term investors should monitor fundamental developments such as earnings reports and R&D milestones.
3. Risk Management:
The speculative nature of quantum computing investments necessitates a diversified portfolio and a focus on risk management.
Conclusion
Rigetti Computing (RGTI) is a promising but speculative long-term investment in the quantum computing sector. The technical setup on the chart supports a bullish short-term outlook, with a possible rally toward $24.00 if resistance at $20.19 is breached. However, for long-term investors, the company’s financial stability and ability to commercialize quantum technologies will be crucial determinants of success.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
The next AppleBought big into this and the profits is insane, great long term stock and its the next apple so the profits will be billions, scoop it all up. I see Ionq as the quantum king and qubt and rgti as good ones too because of their unique systems.
IonQ (NYSE: IONQ): Positioned as a leader in the quantum computing space with its cutting-edge trapped-ion technology, IonQ's share price has already demonstrated impressive growth, reflecting market confidence in its potential. Vieira predicts further upward momentum as demand for quantum solutions increases across various sectors.
Rigetti Computing (RGTI): An emerging player in the quantum landscape, Rigetti is known for its cloud-based quantum computing solutions. With increasing partnerships and advancements in its technology, Vieira anticipates that Rigetti's stock could experience explosive growth as more industries seek to harness quantum capabilities.
Quantum Computing Inc. (QUBT): Vieira has highlighted QUBT as a potential standout, primarily due to its strategic positioning in the quantum ecosystem and its focus on practical applications of quantum technology. With predictions of share prices soaring dramatically, QUBT is on the radar of savvy investors looking for the next big opportunity.
Biggest short squeeze of 2024Massive short squeeze here. Clowns like shorting move up are now feeding the liquidity to the upside.
I wouldn’t be touching this stock without very tight stop losses and defined entry and exit points.
Do not be surprised if we pull back here and get one final move to the upside to take out the final shorts with a blow off top.
This is a fun trading stock, not an investment.
RGTI -Is Quantum Computing the next bitcoin ?Alt coin fans take attention ,maybe the next bitcoin is not a crypto .
I strongly feel its quantum computing with 2 trillion expected to flow into this sector by 2030 after Google did a big breakthrough in this sector !
RGTI a small cap stock has gone up by 10x in the last 45 days .
Its a BUY but wait two weeks for a dip around 13-14 $ mark
Rigetti Computing (RGTI): Explosive Momentum—What’s Next?🔥 LucanInvestor’s Commands:
🩸 Resistance: $18.00. A breakout targets $19.50 and $21.00.
🩸 Support: $16.50. A breakdown exposes $15.00 and $13.50 as potential retracement levels.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $18.00, aiming for $19.50 and $21.00. Sustained high volume is essential to maintain the rally.
🩸 Short: Below $16.50, targeting $15.00 and $13.50. A loss of momentum could trigger profit-taking.
🩸 Rigetti is up an astounding 597% over the past month, showing parabolic growth. MACD remains positive but signals caution with reduced momentum. The stock is heavily overextended, making these levels critical for direction. Traders should watch volume spikes for confirmation at resistance and support levels.
👑 "In the chaos of volatility lies the chance for extraordinary rewards. Will you seize it?" — LucanInvestor
RGTI | Next Leg Higher Incoming | LONGRigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.
$NASDAQ:RGTI breaking out of a bullish flagNASDAQ:RGTI appears to be breaking out of a bullish flag with ~$14 Price Target (PT).
Awaiting confirmation on volume, but 100M shares have traded 2 hours into the trading day, which matches recent daily volume. Long story short... looks like there's going to be a lot of volume today.
As I get closer to the PT, I'll set up a trailing stop to help maximize profits/minimize loss.
Good luck!
12/26/24 - $rgti - FAFO $15. 200x sales. Short. 12/26/24 :: VROCKSTAR :: NASDAQ:RGTI
FAFO $15. 200x sales. Short.
- you guys know my thoughts on quantum per a few recent posts on NASDAQ:QUBT (lol) and OTC:BTQQF (long, but measured).
- but C-tier garbage like NASDAQ:RGTI at 200x next year's sales and having missed missed missed (they do deliver pressers though!) might take a dump in your new year's stocking if mgmt r smart. they burn cash for as long as the eye can see... so dilution is par for the FAFO course.
- could it meme higher? obviously. y'all don't even own it, renting the C's and driving gamma in an illiquid tape.
- i'm short the next week P's at 13 strike will adjust accordingly, but one bad wick lower will drain the pond.
- as always, may the luckiest balls win. all the best if you're long, and in earnest, congrats. but if u don't pay urself here, i hope the logic is more nuanced than "quantum iz future".
- math matters
V
BEARISH on $RGTI and all Quantum, $QUBT $QBTS, $QMCO, $ARQQListen guys and gals, I found NASDAQ:RGTI when it was in the SET:2S and I was super excited about it. It ran 1500% in 2 months, but let's do some math about how much money quantum computer manufacturers can actually make...
I may be wrong, but do you need a quantum computer? Because I do not. Nor does anyone I know. I read an article on tradingview here that said one company forecasted Quantum sales to total $8.9B by 2028. This seems far less lucrative than AI at least for now.
Example... NASDAQ:RGTI has a market cap of $2.6B...now. They are seemingly digging deeper into a hole, bringing in GETTEX:13M per year revenue and reporting a loss of $75M. Net margin growing in the wrong direction. Where is the value coming from? It will wear off in my opinion.
Just saying, might be a little early to be holding these. Buy when they are $1 again and sit there for 2-3 years. You're welcome...maybe.
The Next Bubble: Hunting for Sci-Fi Hype in Emerging MarketsExploring potential emerging market bubbles with a focus on futuristic and lesser-known technologies.
In the ever-evolving landscape of investment opportunities, savvy investors are always looking for the next big wave. This potential market bubble could transform obscure technologies into astronomical valuations. While traditional industries like banking and oil remain predictable, the most exciting investment frontiers lie in science fiction-adjacent technologies that most people can barely comprehend.
Quantum Computing: The Invisible Revolution
Quantum computing represents a prime candidate for a potential market bubble. Most people struggle to understand how quantum computers work, which makes them perfect for speculative investment. Companies like IBM, Google, and several stealth startups are developing quantum technologies that seem more like science fiction than reality.
The allure is simple: quantum computers promise to solve complex problems that classical computers can't handle. From cryptography to drug discovery, the potential applications are mind-bending. As public understanding remains limited, this knowledge gap creates fertile ground for massive hype and potentially inflated valuations.
Synthetic Biology: Programming Life Itself
Another frontier that screams "future bubble" is synthetic biology. Imagine companies that can program biological systems, design custom organisms, or create entirely new forms of life. Startups in this space are working on everything from lab-grown meat to engineered microorganisms that can clean up environmental pollution.
The complexity of synthetic biology means most investors won't understand the underlying technology, creating perfect conditions for a speculative frenzy. Companies like Ginkgo Bioworks are already pushing the boundaries of what seems possible, blurring the lines between engineering and biology.
Space Resource Extraction: The Final Economic Frontier
While space tourism gets most of the headlines, the real potential bubble might be in space resource extraction. Companies are developing technologies to mine asteroids, harvest helium-3 from the moon, or extract rare minerals from extraterrestrial sources. These ventures sound like plot points from a science fiction novel but are becoming serious investment considerations.
The total addressable market is astronomical, and the technological challenges are so complex that they create a perfect environment for speculative investment. Most people can't comprehend the engineering required, which means wild narratives can drive market sentiment.
Neuromorphic Computing: Brains in Silicon
Neuromorphic computing represents another potential bubble zone. These are computer systems designed to mimic the human brain's neural structures, promising revolutionary approaches to artificial intelligence and machine learning. Companies developing neuromorphic chips and systems are creating technologies that seem more like sentient machines from a William Gibson novel than traditional computing.
The mystique of creating "brain-like" computers that can learn and adapt independently is a powerful narrative for investors seeking the next transformative technology.
Key Bubble Indicators
When hunting for potential market bubbles in sci-fi-adjacent technologies, look for these red flags:
- Technological complexity that defies easy explanation
- Massive potential market size with minimal current revenue
- High-profile founders with grandiose visions
- Media coverage that sounds more like science fiction than economic analysis
- Significant venture capital interest despite unclear monetization paths
Investor Caution: The Thin Line Between Innovation and Illusion
While these technologies represent exciting investment frontiers, they also embody significant risks. Not every sci-fi-like technology will become the next big bubble. Careful research, understanding technological feasibility, and avoiding pure hype is crucial.
The most successful investors will be those who can distinguish between genuine technological breakthroughs and elaborate narratives designed to attract speculative capital.
Remember: Today's impossible dream could be tomorrow's trillion-dollar market—or next year's cautionary tale.
#RGTI: is up +650% in less than 2 months since I published the analysis!
A Possible 10 Bagger..!The image shows a stock chart for Rigetti Computing, Inc. (RGTI), a company listed on NASDAQ. Here's a technical and fundamental analysis based on the information provided:
Technical Analysis:
1. Price trend: The stock has experienced a significant downtrend since its peak in 2021/2022, falling from over $12 to current levels around $1.29.
2. Recent price action: There's a potential bottoming pattern forming, with the price stabilizing and showing some upward momentum recently.
3. Chart pattern: The chart displays what appears to be an inverted head and shoulders pattern (marked with A, B, C, D points), which is typically a bullish reversal signal.
4. Volume: Recent volume spikes coincide with price increases, potentially indicating growing investor interest.
5. Moving averages: The price has crossed above some short-term moving averages, which could be a bullish sign.
6. Resistance level: There's a potential resistance level around $2.50-$3.00 based on previous price action.
Fundamental Analysis:
1. Performance metrics: The chart shows positive performance over various timeframes:
- 1 week: 53.17%
- 1 month: 62.49%
- 3 months: 15.14%
- 6 months: 14.16%
- Year-to-date: 30.98%
- 1 year: 7.5%
2. Market cap: With the current price at $1.29 and assuming the volume of 14.502M represents shares outstanding, the market cap is approximately $18.7 million.
3. Industry context: Rigetti Computing is in the quantum computing sector, which is an emerging and potentially disruptive technology field.
4. Volatility: The stock shows high volatility, typical of early-stage tech companies in emerging sectors.
5. Investor sentiment: The "This could be a ten-bagger" comment suggests some speculative interest in the stock's potential for significant growth.
Cautions:
- The stock is highly volatile and speculative.
- Past performance doesn't guarantee future results.
- Further fundamental research on Rigetti's financials, competitive position, and growth prospects would be necessary for a comprehensive analysis.
This analysis is based solely on the chart provided and should not be considered investment advice. Investors should conduct their own thorough research before making any investment decisions.
RGTI LongWeekly, Wedge breakout
Long 1.35
Stop 1
Target 3.3
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better begin from buying ITM options and keep 90+ days, Selling OTM and less than 60 days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily/weekly uptrend, and keep 400 days. "
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$RGTI landing on 50 EMA on hourly After a strong surge pulling away from 8 EMA on daily. The magnetic pulling effect brought down the price however still far from it's 8 EMA. Looking at hourly chart, it appears to have landed on 50 EMA in yellow. However, RSI still weak. Hasn't cross its MA. More room to fall?
Rigetti here we go. Please note that there is a substantial amount of risk involved in this opportunity. Please consider this before proceeding.
Rigetti Computing is an integrated systems company that builds quantum computers and the superconducting quantum processors that power them. Through their Quantum Cloud Services (QCS) platform, their machines can be integrated into any public, private, or hybrid cloud. The company designs and manufactures integrated circuits for quantum computers and develops software for building algorithms for these chips.
Good luck!
All the best.