In this pre‑market video (Feb 20 2025), trader Dave Barnhart presents two swing‑trade setups: Rajetti Computing (RGTI) and Super Micro Computer (SMCI). He begins with a quick market‑open greeting, then walks through RGTI’s daily and 5‑minute charts, highlighting a large pre‑market volume spike, bullish pivots, and ATR‑based price targets ranging from $12.26 up to $13.58, with downside support around $11.15 and a hard stop near $10.50. He then shifts to SMCI, describing a massive green candle followed by a sharp institutional‑driven sell‑off, inter‑market sweep activity, and a potential consolidation phase. Using 5‑minute analysis, he maps bullish targets above $61.25 (up to $65.92) and bearish targets below $59.75 (down to $55.09), citing key volume prints and support zones. Throughout, Barnhart emphasizes the importance of volume, institutional order flow, and ATR in setting entries, exits, and stop‑losses. He closes by inviting viewer questions, promoting his longer educational sessions (four 1‑2‑hour live‑room videos), and encouraging viewers to check his YouTube channel for more technical‑analysis content.
Chapters
Good morning, traders. It is Thursday, February 20th at 5:34 AM. I've got a great couple of trade setups for you this morning. One is RGTI, Rajetti Computing, and the other one is SMCI, and we've got some interesting news on that one. Okay, so Rajetti Computing, it looks like great for a swing because we've got this massive volume the day before and now we're breaking up pre-market here. So we've got some pre-market volume. This, if we were to close like this with increasing volume, that's a great swing to the upside. And then other side, if we break below this print down here around $9.50, then we can have a retracement down. So the, the daily looks good to the upside so far. It's early. Let's map out the 5-minute. Okay, so here we've got our pivots and cams. We're bullish above $12 with the target, the first target of $12.26, and then we'll do the half dollar up to $12.50, and then we can go up to $12.86, last 8th before we hit $13. $13, $13.58. This one has a $1.50 ATR, so that gets us about the ATR move there. It's already up a dollar pre-market, so we're bearish below $11.50. So let's get down to $11.50. So we'll break below this here, we'll get down to $11.50, and then $11.15, $11. Now look at here, there's a 500K print right at $11. We've got this support here at $11.15, a pivot at $10.94, and another CAM here. So this, this is a massive 40-cent level that's all support. And you can see pre-market, we've just been riding on that. This to me around $11.15 last 8, that would be the end of the road on the, on the short side. You have to be careful, but if we break below that, then it would be $10.80, $10.50, $10.33 on the downside. And so I've put $10.50 really as the lower point. But this is all support, so be careful here. So next up is SMCI, and I wanted to show you something interesting because towards the end of the day, like, look at this massive volume, and this was a super, super green candle all the way up, and then all of a sudden after 2 o'clock Boom! Massive selling came right down to here. So this is the first actual pullback of the stock in a while. But this, this is general market structure. We broke through these prints, consolidated, and then broke through, and then it seemed that there would be no end to it essentially. But then there was massive selling, and then it was like, oh well, whatever the news is. But well, let's have a look. Before we do that though, our retracement Okay, we could come back to this 4 EMA here, 55.72, as the retracement, or down here to 50. Now this has been moving $4.29 on average a day. That can be reasonable if it's going to continue. This might be the beginning of a consolidation phase because now we, we've got the height of this candle, which now people would be trapped buying at the top, maybe stopped out, but anybody who's trying to short it is now stopped. We're in the middle We're in the middle here. So what, so what actually happens? This is an inside day for SMCI. So we'll be careful, but there's lots of room for it to move. So what I wanted to show you here, let's look at the 5-minute chart. So here, before we map it out, I just wanted to show you that when it turned over here, look at all of this selling at the top. 64.65, 152K. 64.48, 500K. 64.14, 600K. So whatever the news was, um, about AI or whatever, it wasn't really individual traders, right? It was the institutions that sold it off. We can see that right here. And then if we scroll down here in Moby, you can see all of those. Look at the time frame, 600,000, 12:57, and then some of these 65, intermarket sweep. That means they went to all of the exchanges to get exactly this price at the same time. And so retail traders can't really do that. 82,000, intermarket sweep. We see all of these, all of these 50,000s and things like that, buying it back around 61. And we went down to 55, so maybe they're still selling here. 61, all of that. And then this one after the close, 60.25, a form T. That should have been reported during the day, 200,000 there, 60.25, but it's reported late and there's a mechanism to handle that. So there you have it. These are resistance levels now. And so let's map this out. We are bullish above 61.25. There's this right here. So we've gotta make a higher high and close above 61.25. Target 61.50, 62, 62.50, 64.14 up to the prints, and then I've got up to 65, 65.92. That would make a new high. So we'll see how this market structure— we've got this high. If we don't hold this up around here, that's a lower high, and then it might turn over again. So we'll see. I think we're going to be in a position where we're going to have the beginning of some sort of consolidation here. But anyway, we're bearish below 59. Uh, 75 with a target of 59.50, 59.26, 59, 58, 57.50 right here, 57, 56.50, 55.09. And we've got this 485K print at 55.80 from 2 days ago. So we've got these big pockets to trade on the downside and some nice pockets on the upside. So either way, we've got it mapped out both sides. All right, happy trading everyone. Uh, let me know how you're doing. Uh, leave questions or comments in the comment section below. If there's anything specific you'd like for videos, I'm more than happy to do educational videos as well. I've actually done 4 of them, 4 1-hour sessions. Well, some were actually almost 2 hours. If you check my YouTube channel, we had live discussions in a trading room, mapping out trades, discussing trading, technical analysis, options, all of that sort of stuff. So check out my YouTube channel. There's 4 of them in a row over 2 days, and hopefully we can learn something together. All right, we'll see you after lunch.
