$NASDAQ:RGTI Pennant Pattern with 72% upsideNASDAQ:RGTI I'm revising an earlier post to clarify that this is actually a Pennant pattern that has formed for RGTI.
Entry Point:
Conservative - wait until the stock closes above $13.98, which should indicate a breakout.
Riskier - Anything above $12.03
Price Target:
The upside is 72% - $24.00
RGTI trade ideas
$NASDAQ:RGTI 57% Upside: Consolidation Breakout WatchNASDAQ:RGTI has been in a consolidation pattern for the past ~11 trading days. Creating a nice volume shelf of support. It continues to bump up to the line of resistance, but hasn't broken through.
Here's the trade:
Conditions:
The stock price closes above the line of resistance ($13.98)
Volume is relatively higher than recent bars (a spike)
Squeeze is firing indicating a positive release (light blue bars)
MACD has signaled a buy
Williams %R continues to ascend, preferably into the upper 20%
Entry: Anything above the 13.98 close.
Price Target:
$22.00 - 57% above the resistance line.
Note: There may be some resistance and pullback when trying to cross $17 and $20
Caution!
Quantum computing stocks have been volatile, so pay attention!
LoadingGood day Team:
I hope all is well.
Here RGTI on the 2D is consolidating after a correction in the golden zone of a fibonacci level.
What is needed per theory is a healthy upward breakout of the channel with a bullish MACD cross over, but a breakout downward will hypothetically lead to more bearish activity.
Please observe key levels on chart
Have a safe day
RGTI: both ways potential Chart on the daily looks like being in no-mans is about to decide of its further direction.
I have two main alternatives:
1. If price moves above Jan 24th highs the road is opened to following resistance zone: 20-25, 28-33 and a push towards ideal macro-resistance target at 37-45 levels;
2. If price break down bellow Feb 3rd lows, odds are moving in favour of one potential leg down to potentially test 4-3 macro support levels.
Weekly macro view:
Thank you for your attention!
RGTI BullishMLMI: This indicator is trending upwards, suggesting increasing momentum. If it continues to rise, it reinforces bullish strength.
RSI: Currently around 53-54, which is neutral but leaning bullish. If it moves above 60, it would confirm stronger momentum.
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Rigetti Computing (RGTI) is a leading quantum computing company focused on developing superconducting quantum processors and hybrid quantum-classical computing solutions. Founded in 2013, Rigetti aims to commercialize quantum computing for applications in AI, optimization, and scientific research. The company competes with major players like IBM and Google in the race for quantum supremacy.
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.
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.