Rigetti shows a bullish RSI divergence — RSI trending up while price is below its level at the prior RSI reading of 22 — favoring an upward trend, and the speaker expects the shares to rise over the next few days to about a week. He notes RSIs set no accurate entry or target and puts a tangible rebound's probability at 5 to 10%; a dip to the gap fill or lowest pivot near $11 would be a potential entry.

Moving on to "Rigetti", we'll be looking for something similar, and we can see that with this week's very turbulent moves, can't we? The stock definitely moved in an interesting way.

So, if we look at the same time frame first, right? What are we looking for? Okay, we are looking for a divergence in the Relative Strength Index. You can see in " Rigetti" that the Relative Strength Index is trending upwards, pushing higher, which favors an upward trend, whereas on the stock charts we are actually at a lower level than we were when the index reached 22.

So, in this case, this is Plan B. Therefore, Plan B would be similar to trading Rigetti shares with the expectation that they will rise in the next few days or approximately during the next week. Isn't that so?

Again, one point regarding the use of Relative Strength Indexes (RSIs) as primary indicators is that they do not give you an accurate entry point, nor do they set a profit target for you.

However, the probability of a rebound , and a tangible one in reality, is certainly between 5 and 10% . You can also go back with the graph and look at other levels, right? The statement reads: "If the price drops slightly towards filling this gap or to the lowest pivot level here around $11, use that as a potential entry point."