Rigetti Computing to breakout soon

946
Rigetti Computing Inc RGTI โ€“ Breakout Trade Setup ๐Ÿ’ช๐Ÿ”ฅ๐Ÿš€

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? ๐Ÿ“š๐Ÿ’ก

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 โœ…

RGTI presents a strong breakout opportunity with high growth potential. Watch for sustained momentum before entering the trade.

Penafian

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