IONQ: A Bullish Opportunity? Let’s Break It Down!📊 Targets We're Watching
First Goal: $39 – the point where the gap started to close.
Second Goal: $49.30 – right before that big drop.
🔍 What’s Happening?
IONQ has fallen sharply from its all-time high of $54.74, with a big gap down from $49.30 to below $39.
The demand zone between $26-$28 has historically acted as a strong safety net.
📈 Potential Gains
If you enter at $27.63, here’s the math:
First Target ($39) : A potential gain of 41.15%.
Second Target ($49.30) : A massive 78.43% upside!
🌍 Why It’s Worth a Look
Even with some bearish noise about quantum computing’s timeline, IONQ crushed expectations in Q1, showing it has real momentum.
The stock is already down 49.52%—a reflection of panic selling. While we can’t predict how much further the fear might push the price down, it could be worth a try here with limited risk.
Plus, the RSI is sitting at 21.41, meaning the stock is oversold and could be primed for a bounce.
💡 Strategy Ideas
Entry Point: You could jump in now or wait for a dip closer to the $26-$28 zone for a safer play.
Exits: Look to take profits at $39 first, and if it keeps climbing, aim for $49.30.
Risk Management: Keep your position size reasonable to handle any volatility.
