$NASDAQ:RGTI 57% Upside: Consolidation Breakout Watch

6 feb

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!

6 feb

Trade attivo

Opened a trade ~13.60