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).
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