Tight falling wedge on $QUBT
Quantum computing spec play.
The longer term chart shows that QUBT has been in a basing accumulation stage since late march 2021.
QUBT put in a nice rounding bottom pattern in mid may and gapped up strongly (so I am thinking the bottom may want to be in).
This chart shows the price action getting very tight and forming a beautiful falling wedge pattern.
The pattern is finishing around the psychological $5 mark.
With recent highs in the $20's, the stock has shown it can move.
I took a long here despite the weak overall market (tighter stop for me).
The longer term chart shows that QUBT has been in a basing accumulation stage since late march 2021.
QUBT put in a nice rounding bottom pattern in mid may and gapped up strongly (so I am thinking the bottom may want to be in).
This chart shows the price action getting very tight and forming a beautiful falling wedge pattern.
The pattern is finishing around the psychological $5 mark.
With recent highs in the $20's, the stock has shown it can move.
I took a long here despite the weak overall market (tighter stop for me).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.