10 looks like an area where it can go againSince the high move and the downfall, the central line could mean the stock is still repositioning itself and has yet to find the outcome of the direction in which it is confident. The stochastic RSI is centrally located, and the MACD, even though a bearish run has crossed over, short-term EMA and other oscillators and indicators seem bullish. Still, it's 50-50 in sentiment. 2 gaps need to be filled at mid-10, where we will be comfortable reevaluating.
RGTI trade ideas
Cycling Down on Hourly?Please be cautious of upward parallel channel, price at this time may cycle back down to the bottom of the upward parallel channel, be mindful of 21 EMA in yellow on the chart. If you do not mind, please observe the charts for key levels. Price should be bullish above 21 EMA and inside the Parallel channel.
Bottom or Dead Cat?I believe this rebound in RGTI will ultimately be a bull trap, but this could be a very strong rebound given how fast we plunged from $20 to $6. I'm on lookout to renter short if we start to make it to ~15.50 (61.8% Retracement). My chart shows the viewpoint from Log and Linear since we are dealing with such large % changes both viewpoints are helpful. Reminder that earnings is not until probably late March. It's possible my target isn't reached and we go down from here...
$15.50 -> Half position short
$18.00 -> Full position short
1/21/25 - $rgti - FAFO again. short again.1/21/25 :: VROCKSTAR :: NASDAQ:RGTI
FAFO again. short again.
- meme
- just know that's what you're buying. a listed meme.
- go read my previous comment if u want more substance.
- pt here, is stock has already peaked (at $20), so it's an exercise of risk mgmt to hedge my semis book (u know i like NYSE:TSM , $nvda...)
- "V will it go down tmr?" - no clue anon, but if mkt rips tmr, and this does too... i more than make up with my long book. if mkt fades, i cash again on this short. it's a hedge, my friends. best one i can find.
- so for the second time, don't say i didn't warn u. careful with this one. it's not a viable company. it's a meme. play game accordingly.
V
Downward Parallel Channel on WeeklyGood day
Caution on RGTI it needs to close out upward of the downward parallel channel. If we do not get a positive price breakout then price is hypothetically going to be bearish. Please observe the key levels and channel on the chart. Also, there is possible bearish MACD divergence.
Rigetti Computing Inc. (RGTI) Long SetupRigetti Computing Inc. (RGTI) price appears to be completing ABC correction in the 15min chart, possibly completed wave (2) of an impulse wave structure and is set for a potential bullish continuation into wave (3).
Setup:
RGTI is completing wave (2) correction and is poised to enter wave (3), targeting higher levels.
Strategy:
Enter at current levels or wait for confirmation of bullish momentum breaking above $11.79.
Trade Plan:
Entry: $10.46, or confirmation entry $11.79
Stop Loss: $9.70
Take Profit: $18.26
Position Size: Adjust to limit risk to 1-2% of account equity.
Risk-Reward Ratio:
Entry at $10.26 with a stop at $9.70 and target at $18.26 offers an RRR of approximately 1:10.
Confirmation Entry RRR is ~1:3
Confirmation:
Monitor for bullish candlestick patterns or a breakout above the $11.70 level to confirm the start of wave (3).
Disclaimer:
This analysis is for educational purposes only. Trading financial markets involves risk, and you should not trade with money you cannot afford to lose. Past performance is not indicative of future results. Consult a licensed financial advisor before making any trading decisions.
Trade Advice:
Stick to your risk management rules and avoid overleveraging.
If the price breaks below $9.70, then the trade is not valid for confirmation entry.
Use alerts to monitor key levels ($11.7 for confirmation and $9.70 for the stop loss).
Ascending Triangle and Key LevelPeace and Blessings
RGTI is consolidating under a key level, and consolidating in an ascending triangle. There is a possibility of a bullish breakout with the 50 EMA crossing over the 200 EMA. For this hypothetical event to happen we need a positive price break out and price making a higher highs and lower lows above the key level. Watch out for a bearish breakout and fakeouts and possible more consolidation .
$RGTI LONG TO TWENTYA 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.
Bullish Long-Term PerspectiveHello traders,
Here’s my analysis on Rigetti Computing (RGTI). The current price action indicates a potential for a bullish reversal, with key technical levels and imbalances offering opportunities for long-term growth.
Key Observations:
Support Zone: Price is approaching a strong support area around $5.00-$5.50, with significant demand historically observed in this zone.
Imbalances:
Lower Imbalance Zones: These zones around $4.50-$5.00 could act as magnets for price stabilization before a reversal.
Upper Imbalance Zones: Imbalances near $12 and $16 provide potential upside targets for long-term bullish movements.
Gap and BPR: A gap near $14 aligns with the Break of Price Range (BPR), signaling a key area to watch for future price action.
Price Resistance: The $21-$22 level serves as the ultimate resistance and a potential long-term target.
Strategy:
Buy Entry:
Near the $5.00-$5.50 support zone or upon confirmation of demand in lower imbalance zones.
Targets:
First Target: $12 (upper imbalance).
Second Target: $16 (gap fill and imbalance).
Final Target: $21-$22 (major resistance).
Stop Loss: Below $4.50 to manage risk effectively.
Supporting Indicators:
RSI: Approaching oversold conditions, suggesting a potential reversal soon.
Volume: Noticeable spikes in volume around the current levels indicate increased market interest.
Long-Term Outlook:
Rigetti Computing is showing signs of building a strong foundation for a bullish trend. The imbalances, coupled with historical demand zones, offer significant upside potential for long-term investors. Patience will be key to capitalize on this opportunity.
What are your thoughts on this setup? Share your feedback and alternative perspectives below!
Trade safe and stay disciplined! 🚀
#RGTI #TechnicalAnalysis #BullishOutlook #AIStocks #QuantumComputing #TradingPlan #SupportResistance #LongTermInvesting
RGTI Speculative Rebound Expected Before Final Wave DownTechnical Analysis of RGTI (30-Minute Timeframe)
The stock is currently moving within a clear impulsive wave structure on the 30-minute timeframe. Based on my observations, it appears to be at the end of wave 3. I anticipate a speculative rebound in the short term, with a target around $8. However, a decline in wave 5 may follow to complete the overall impulsive movement.
⚠️ This analysis is merely a forecast based on technical observations. It does not constitute investment advice or a recommendation to buy or sell this stock.
RGTI Insights After Sell-Off
Short-Term Outlook: Bearish
The strong sell-off and high volume indicate significant bearish momentum. Unless the price reclaims $12.00, the overall trend remains bearish.
Oversold Bounce Possible
Given the recent sharp decline, a short-term bounce is possible if $10.33 holds. However, such a bounce may be short-lived unless backed by strong buying volume.
Key Levels to Watch
The $10.33 POC is crucial. If this level fails, a move toward $8.00 or even $6.21 is likely.
On the upside, breaking above $12.00 with volume could trigger a move toward $15.00.
Speculative Nature
Like IONQ, RGTI is a speculative stock with high volatility. Quick and large price swings are likely, so it’s important to manage position sizes and use tight stop-losses to minimize risk.
Sentiment
While there’s potential for recovery in the long term, the short-term bias remains bearish unless the price reclaims key levels. Caution is advised.
1. Current Market Structure
* Trend Analysis:
* RGTI is in a clear downtrend, with a significant sell-off breaking key levels. The sharp decline indicates strong bearish momentum.
* The price is now consolidating near $10.33, which aligns with a key support level based on the Point of Control (POC) from the volume profile.
* Volume Profile Observations:
* Point of Control (POC): $10.33 – This is the most traded price level recently, acting as a key pivot point.
* Value Area High (VAH): $15.00 – A major resistance zone for any potential recovery.
* Value Area Low (VAL): $6.21 – This is the lower bound of the volume range and a critical support level to watch if the price breaks down further.
2. Key Levels to Watch
Support Levels:
1. $10.00–$10.33 (POC Zone):
* Immediate support. A breakdown below this level could lead to further downside.
2. $8.00:
* Historical support zone where price might stabilize temporarily.
3. $6.21 (VAL):
* The last significant support where buyers could step in.
Resistance Levels:
1. $12.00:
* The first level of resistance where sellers may reappear.
2. $15.00 (VAH):
* A key resistance zone; breaking this level would suggest a potential shift to bullish sentiment.
3. $18.00:
* A major level to target if the stock shows significant recovery momentum.
Stay Short on this Quantum Computing 10xer RGTINothing special about RGTI, this is rising along other quantum companies like QBTS, QUBT, IONQ just simply due to quantum computing mania not an increase in sales or orders. RGTI burns cash every quarter and has been diluting shareholders every step of the way. Expect a big dilution from RGTI management to take advantage of the 10x run on the market cap; once announced it will send RGTI spiraling downward.
Quantum Bubble Ready to PopRGTI looks like the poster child of irrational exuberance in quantum stocks. New Year Dump incoming after a 1000% in a little over a month and around 2,500% from the 52-week low. No fundamental new sales or orders to back this new increase which is driving the price to sales to all-time highs.
50-60% pullback imminent. scale in.
RGTI Symmetrical Triangle Breakout Setup - Entry, Targets & SL!
Entry Point: Around $18.39, marked by the yellow line.
Stop Loss (SL): At $17.13, marked by the white horizontal line.
Target 1 (T1): At $19.90, represented by the red horizontal line.
Target 2 (T2): At $22.18, represented by the green horizontal line.
This setup highlights a breakout from a symmetrical triangle pattern, with well-defined entry, stop-loss, and target levels.
#RGTI #StockTrading #BreakoutStrategy #SymmetricalTriangle #TechnicalAnalysis #TradingSetup #StockMarket #SwingTrading #DayTrading #ChartPatterns #RiskManagement #TradingSignals #PriceAction #ProfitToPath #StockTraders #TradingGoals #TradeSmart #StockBreakout #StockAnalysis!
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 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.