Rigetti Computing Inc
RGTI โ Breakout Trade Setup ๐ช๐ฅ๐
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? ๐๐ก
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 โ
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 โ
RGTI presents a strong breakout opportunity with high growth potential. Watch for sustained momentum before entering the trade.
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? ๐๐ก
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 โ
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 โ
RGTI presents a strong breakout opportunity with high growth potential. Watch for sustained momentum before entering the trade.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.