Dave Barnhart analyzes RGTI and Fly Aerospace, highlighting a $90M dark pool print in RGTI and mapping bullish targets at 2736 and 2858 for RGTI, 57.68 and 61.66 for FLY. He identifies key support zones and ATR volatility levels for intraday swing trades.
Chapters
Good morning, traders. It's Tuesday, May 26th at 4:18 AM. Hopefully everybody had a long weekend, a great long weekend after trading Memorial Day. Uh, anyway, I've got 2 stocks for you today. We've got RGTI. We had that one on Friday as well, but we're back. And we've got Fly Aerospace. So let's go ahead and have a look at RGTI. Usually go back 30 days and see what's happening. We see Several million prints here, and we bottomed out. We bottomed out here with some prints pulled up to get more prints. It looks like so. We pulled back and held this increasing volume breaking above the print. That's a decent swing going on right there. But then look, we gapped up four million here May twenty-first, and then Friday at the close another two point two million, and we're up. So what I'm going to do is let's look at what's in the last week. You can see here on Friday, 2 million, and then a few hundred thousands sitting here. And so it looks like we might break above this print and move higher. This is our support and resistance area on the daily. So let's go ahead and look at the intraday. So on the intraday, we're going to be bullish above 2702. We got about 400,000 here. If you see this by the time you watch this video, then our first target is 2736. So if If we're through that, if we're through this, then that's your next entry point. 2736, 2783, 2858 is R1. 2929, 2924 is a CAM. Then we've got 2950, 30, 3075. The ATR in this one is $2.12, but it's been moving. Look at this, look at this recently, this high and the low. This is about $5. So this has been going About double what it's been moving throughout the day anyway. Okay, we're going to be bearish below 2548. We've got to get all the way down here, and this is still two dollars. This is two dollars below, which is the ATR. But the thing is, is this is really, really tough here. We've got we're holding here, and we've got to get below this area right here because all of this is support. We've got two million in prints, another. 400K that we talked about here. And yeah, we've just got a break below. This is all support. It's very strong. The retracement trade might be a little bit tough. So let's— 2548, 2501 is a cam. 2480, 2450. Then we've got 24— 2360 is a cam, and 2346 down here is S1. So we'd have to really break below here. This is my 200 simple, 200 exponential, and a CAM here at $25.01. This might be the end of the road here for that, being the dollar level, 2 massive moving averages, and another CAM. So I'd be very careful in this on the retracement side. Okay, let's go ahead and look at FLY. Okay, so FLY, we'll look at the last month first. And we can see here on this day, May 7th, these are the largest prints. So it's, it's recent here. It doesn't look like there's massive prints just before that, but look at this massive volume here. This doesn't, it doesn't look like it's getting millions, but these are really moving the stock. 200K, 100K, things like that. And so we've got this here pulled back. Breaking above with increasing volume. That's a decent swing. Went sideways. They're still in this. Looks like they're accumulating. So testing the print, pushing back, testing the print, testing the print, testing the print, breaking out. And then on Friday, there were a couple more prints here, another 300,000, and we're off. So let's go ahead and look at the ones for the current, the last 7 days, and you can see All of this, all of this accumulation here. This one might be just at the point where it's going to go a little bit high, like continue on after all of this consolidation together. So it looks bullish at the moment. So anyway, let's not have a bias. We're going to trade this both sides today for the intraday. We're going to be bullish above. Well, it's sitting there at 54 right now. So I had mapped this out over here, and 54 was our entry point, and then 54, 55. So what actually happens here, if we're not— if we're, if we're above this, then this is our next entry point, is above this 54.57. 55, 56, 57.68 is a CAM. Then we've got 60, and then 61.66 is R3. So this one has an ATR of about $4.38. Let's see if we can break out, then we've got some We've got some room there. We're going to be bearish below 53. Let's get below this target. 5204 is R1, 5145 is a cam, 5080, 5015, and then 4942 is this 82K. So this is the post-market sitting here, and right on a print we have this gap that could potentially fill. And so just be careful on the retracement because it is a little bit strong there. All right, there you have it. Those are your 2 trade setups. For today. So please like, share, subscribe, all of that great stuff, and sign up for our weekly Dark Pool Report. It's, uh, where we talk about swing trading. You get 13 stocks to trade including the SPY, QQQ, IWM market overview. We talk dark pools education, and you get trade setups to swing throughout the week. And our subscription list is growing quite nicely, so I'm happy about that. All right, happy trading everyone, and we'll see you tomorrow with all new trade setups. Take care. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
