Earnings season is underway, and if you’re a newer trader, the truth about trading earnings is…

It’s vital to avoid guessing.

Instead, I like to look for charts with already established momentum.

And there’s one company on my watchlist right now that fits the bill.

Watchlist stock: Rigetti Computing Inc. (RGTI)

Yesterday, Rigetti Computing Inc. (Nasdaq: RGTI) came across my S.A.M Scanner and it was love at first sight.

Here are a few reasons why I like RGTI for a potential trade…

For one, It has a weekly A+ squeeze, meaning it’s coiling like a spring for a potential move.

But the real interesting thing about RGTI is it has a 22% short float, which means a high amount of traders are shorting it.

This could create a “short squeeze” scenario where we see an even bigger move.

As you’ll see in the chart below, RGTI has a squeeze with a consistent trend line leading up to earnings.

If RGTI breaks through that trend line, this stock could see a big run heading into earnings.

Action Plan: RGTI has 3 variables (a squeeze, short float, and a clear trend), which is why I love its weekly chart for a potential trade right now.

To see exactly how I’m trading RGTI, I recommend checking out “Profit Surge Trader.” So far this month, I have an 83% win rate on all my post-earnings trades, including a recent 110% winner on SOUN in 1 trading day.

I also have two more high short float Ideas that I want to share – because the SPY has been going NOWHERE for two weeks – we know when that happens, we get more juicy SQUEEZES.

Click here see how Aftershocks targets gains as high as 300%.