Trader Dave Barnhart maps two short-term setups on the 5-minute chart. LAES, a semiconductor stock, shows a bullish breakout above $9.53 with targets to $11.95. RGTI, a quantum-computing firm near $16, has a bullish pivot at $17.06 with incremental targets climbing to $20.
Chapters
Good morning, traders. It's Friday, December 27th at 6 o'clock AM. I've got a couple trade setups for you today. The first one is LAES, this Seals Q. They make semiconductors. And then the other one is RGTI. And so these have been on the pre-market volume for a couple days, and we can see that here with the first one. We see all of this buying here, although it's their lower numbers, 184K, 200K, there's a 600K, and we can see that they've been accumulating a position here all the way back. So this has taken off and we've got some big volume here and we're up pre-market a little bit today. So let's go ahead and have a look at the 5 minutes. We can map this one out. We're bullish above 953, which is up here. So we've got to, we got to make a new high here. Uh, if we close strong above this, getting in around $9.53, then we're good all the way to $9.92, $10, $10.35, all the way up to $10.50, $11.08, all the way up here, and, uh, $11.50, $11.95. So up here, this one's been quite strong, although it's a $9.38 stock, it's really been moving. So it might be good momentum there. So we're bearish below $8.37. With a target of 820, then 8, 773, back to the pivot 760, and then down to 7 and 644 all the way down here. So we would have a big retracement and then down to 6 if we came back that far. Okay, let's look at the next one. This one here is RGTI, and they do quantum computers, and we can see the similar sort of thing. We've had this accumulative pre-market volume recently that's been showing up. And so this one is continuing to move. There was a nice $581K on December 23rd at $11. We're at $16 right now, and so we've got some pre-market momentum here. So let's see what we've got for a trade setup. So here we're bullish above $17.06, so we've got to get above here. So we'll get above this, um, this pivot here, $17.06, with a target of $17.20, $17.50. Up to 1786 and then 18. So we'll take the last 8 coming up to 18, and then so we've got 1805 here. So 18 is a target, 1864, and then we'll just trade this level to level and at the price levels. So then we've got 19, 19.50, 20. We would just stay in the trade if we're above the 4 and the 8. Writing that on the 5-minute. Okay, so those are 2 great trade setups for you today. Please like and subscribe. Hopefully you're making some money. We've got a great win rate, and so we'll have a follow-up video this afternoon. And, uh, happy trading everyone.
