Rigetti Computing $RGTI is currently exhibiting a Squeeze Score of 94.8.
Here's what the chart looks like:
Few stocks embody the kind of speculation we saw this cycle quite like RGTI. It was one of the clearest leaders during the distinct phases of the speculative wave.
Now, that expansion has turned into distribution. High-volatility stocks like this tend to suffer the most violent drawdowns.
While the stock is already down 75%, as long as it remains below the all-time low anchored VWAP, the path of least resistance remains lower.
With volatility on the Strazza Indicator now compressed, the next move could be just as aggressive as the one that came before it.
Yesterday, we added fresh put exposure, betting on downside resolutions for other speculative growth stocks. Those trades are already starting to work.
