RGTI is Looking for Support in 5.89 – 7.07 Area (Updated)

Elliottwave_Forecast

RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher.

RGTI 15 Min Chart 12.11.2024

RGTI 15 Min Chart 12.11.2024

In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher.

RGTI 5 Min Chart 12.11.2024 (Market Closed)

RGTI found support at 5.78 low and rallied. From here, we are looking to build an impulse structure as wave 5. Wave ((i)) could be completed already and while the pullback as wave ((ii)) is above 5.78 low, RGTI should continue higher. The target for this wave 5 comes in 9.11 -10.14 if there is not more extension in the rally.

Elliott Wave Forecast

www.elliottwave-forecast.com updates one-hour charts 4 times a day and 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market.

Source:https://elliottwave-forecast.com/stock-market/rgti-looking-support-area/

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher.</p>\n<h2>RGTI 15 Min Chart 12.11.2024</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05642d0e2224f2e2975e66cc39028149\" tg-width=\"1912\" tg-height=\"909\"><span>RGTI 15 Min Chart 12.11.2024</span></p>\n<p style=\"text-align: justify;\">In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher.</p>\n<h2>RGTI 5 Min Chart 12.11.2024 (Market Closed)</h2>\n<h2></h2>\n<p style=\"text-align: justify;\">RGTI found support at 5.78 low and rallied. From here, we are looking to build an impulse structure as wave 5. Wave ((i)) could be completed already and while the pullback as wave ((ii)) is above 5.78 low, RGTI should continue higher. The target for this wave 5 comes in 9.11 -10.14 if there is not more extension in the rally.</p>\n<h2>Elliott Wave Forecast&nbsp;&nbsp;</h2>\n<p style=\"text-align: justify;\">www.elliottwave-forecast.com updates one-hour charts 4 times a day and 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market.</p>\n<p>Source:https://elliottwave-forecast.com/stock-market/rgti-looking-support-area/</p></body></html>","htmlText":"<html><head></head><body><h2></h2>\n<p style=\"text-align: justify;\">RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher.</p>\n<h2>RGTI 15 Min Chart 12.11.2024</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05642d0e2224f2e2975e66cc39028149\" tg-width=\"1912\" tg-height=\"909\"><span>RGTI 15 Min Chart 12.11.2024</span></p>\n<p style=\"text-align: justify;\">In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher.</p>\n<h2>RGTI 5 Min Chart 12.11.2024 (Market Closed)</h2>\n<h2></h2>\n<p style=\"text-align: justify;\">RGTI found support at 5.78 low and rallied. From here, we are looking to build an impulse structure as wave 5. Wave ((i)) could be completed already and while the pullback as wave ((ii)) is above 5.78 low, RGTI should continue higher. The target for this wave 5 comes in 9.11 -10.14 if there is not more extension in the rally.</p>\n<h2>Elliott Wave Forecast&nbsp;&nbsp;</h2>\n<p style=\"text-align: justify;\">www.elliottwave-forecast.com updates one-hour charts 4 times a day and 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market.</p>\n<p>Source:https://elliottwave-forecast.com/stock-market/rgti-looking-support-area/</p></body></html>","text":"RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher. RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI found support at 5.78 low and rallied. From here, we are looking to build an impulse structure as wave 5. Wave ((i)) could be completed already and while the pullback as wave ((ii)) is above 5.78 low, RGTI should continue higher. The target for this wave 5 comes in 9.11 -10.14 if there is not more extension in the rally. Elliott Wave Forecast www.elliottwave-forecast.com updates one-hour charts 4 times a day and 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market. 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