Rigetti Computing Stock Discussion

• RocketRider OP : From the chart, the candlestick pattern appears to show bullish continuation characteristics, here’s a detailed breakdown:
  Observations:
  1. Recent Candles:
  • The last few candlesticks indicate small-bodied candles with upper and lower wicks, suggesting indecision, but the general direction remains upward. This could signal a pause in momentum before a potential continuation.
  2. Key Pattern:
  • The candlesticks in the most recent days seem to form a bullish consolidation pattern:
  • After a strong move up from the recent low ($5.95), the stock has shown smaller, less volatile candles, indicating profit-taking or consolidation rather than reversal.
  3. Specific Patterns to Consider:
  • Bullish Harami (potential): If one smaller candle follows a larger bullish one, it can suggest a continuation of the uptrend.
  • Inside Bar: Recent candles are within the range of a larger bullish candle, which typically signals consolidation before another move up.
  • Higher Highs and Higher Lows: Over the past several sessions, the stock is clearly forming higher highs and higher lows, indicating a strong uptrend.
  Interpretation:
  • The candlestick pattern suggests bullish consolidation with no clear bearish reversal pattern. The Parabolic SAR and EMAs from the chart confirm the uptrend.
  • Watch for:
  • A bullish breakout above the resistance at $13.69 (recent high).
  • If the stock breaks below the $12 EMA, it may indicate a temporary pullback.
  In summary, the candlestick pattern is signaling continued bullish momentum, provided there is a breakout above $13.69 with volume support.

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• dvdL : RLY THANK U SO MUCH, APPRECIATE UR HARD WORK

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• Bird007 : Thank you for sharing, host. Looking at the daily chart trend, even without delving into the Technical Indicator, it is already clear that Monday will reclaim lost ground. There is no need to panic even if you are trapped.

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• M420 : well if it happens don't be stupid/greedy this time and take the profit while you still have it

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• 72654156 M420 : Every time the God of Wealth waves a stack of banknotes in front of me, saying 'if you can grab it, it's yours', but every time I manage to ruin a good hand of cards, busy for a long time, only earning a measly sum. This time I was fooled. Depressed!

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• M420 72654156 : this happens to all of us. if you have been trading long enough you have experienced this and many things. as an example. the price has been climbing nicely, but the moment YOU buy, it falls. or the moment you sell for either a profit or worse, a loss, the price goes up.

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• 72654156 M420 : I am the unfortunate one who buys and then the price falls, sells and then it rises.

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• ZnWC : Thanks for the event Here is my input:
  Like the internet and smart phones, AI will be part of everyday life. I have already invested in AI related stocks for the longer-term and I believe Stargate will be realized which is only a matter of time.
  When we see AI achieved AGI (Artificial General Intelligence), the related stocks will grow rapidly. I foresee AGI will come in autonomous vehicles and robotics in the near future. The other sector which will change the world is quantum computing (QC).
  Unfortunately investing in AGI or QC requires a big risk appetite which most retail investors don't have. We tend to lose conviction when we see the stock not gaining value.

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• Aaron Invests (AI) :

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• Dan’l : Thanks…
  Any week that includes the all-time intraday and closing records went “better than expected” (even if not as I’d anticipated  ~;-)

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• 晴瓦林 : AI is another way to say generalized statistics. It can't create new things, but only to recycle the old information. I bet half of the investors don't even know how their company's product was created. I won't be moved by stuff that is in the experimental stage.
  But AI companies managed to create chatbots that can transfer knowledge to human students faster than a teacher could by recycling old information algorithmically. It's just having a problem with most niche fields.
  I was working on an algorithm that may need lyndon factorization to complete. But the chatbot always gives the wrong answer, or running into self-persuasion when trying to reason my questions. It's more biased than you can think of.
  So there are many things left to do to improve chatbots, but usually the organizational culture makes the product more costly to develop than it should.
  What they're doing with chatbot is that they're trying to solve problems that don't exist, or problems that are impossible to solve, then market it to everyone before they're finished. Yes, you have to pay to be their lab mice.
  They even have to figure out a reason for you to use their chatbot because improving the world is their second thought and not the first. How's that not a red flag?
  It's easier to fool people than to convince them that they have been fooled. Almost all companies are psychology companies, they make revenue based on how much they can persuade people into buying packaged material at a mark-up price without them noticing.
  They'll repeat their slogan over and over, and that's how they always seem right to people. I'd be surprised if Coca-Cola started to promote Pepsi, or Intel promoting AMD just because their competitor is beneficial for customers.
  The world doesn't really need changes, it'd mostly lead to more conflict of interest. We need less of that already.

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• Space Dust : Inconceivable. Always a new thing unexpected and sounding as if plucked from a fictional story.
  Surreal. And we know the party is just getting started.
  clowns to the left, jokers to the right..

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• 72553206 : Lie

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