$RGTI LONG TO TWENTY

A 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.