Rigetti Computing Inc 
RGTI – Breakout Trade Setup 💪🔥🚀
Entry: Above $12.50 for confirmation
Stop Loss: $10.50 to manage risk
Target: $31.63 based on measured move projection
Risk-Reward Ratio: High potential reward compared to risk
Why This Trade? 📚💡
The stock has been consolidating under a descending trendline and is attempting a breakout. High volume suggests strong buying interest. The measured move target shows significant upside potential.
Risk Management ☔
Use a tight stop below $10.50 in case of a false breakout. Consider scaling out profits near $20 to lock in gains before reaching the full target. Monitor price action for confirmation.
Final Thoughts ✅
RGTI presents a strong breakout opportunity with high growth potential. Watch for sustained momentum before entering the trade.
RGTI – Breakout Trade Setup 💪🔥🚀Entry: Above $12.50 for confirmation
Stop Loss: $10.50 to manage risk
Target: $31.63 based on measured move projection
Risk-Reward Ratio: High potential reward compared to risk
Why This Trade? 📚💡
The stock has been consolidating under a descending trendline and is attempting a breakout. High volume suggests strong buying interest. The measured move target shows significant upside potential.
Risk Management ☔
Use a tight stop below $10.50 in case of a false breakout. Consider scaling out profits near $20 to lock in gains before reaching the full target. Monitor price action for confirmation.
Final Thoughts ✅
RGTI presents a strong breakout opportunity with high growth potential. Watch for sustained momentum before entering the trade.
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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.
Related publications
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.