QBTS - Quantum Computing Company - Huge PotentialD-Wave Quantum Inc is engaged in the development and delivery of quantum computing systems, software, and services, and is also a commercial supplier of quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Geographically, it derives the majority of its revenue from the United States.
News:
D-Wave Quantum Inc. is poised to enter the Russell 3000® Index, marking a significant milestone for the company’s visibility in the stock market. This inclusion, taking effect at the start of trading on July 1st, 2024, reflects the company’s growth and the potential for increased investor interest. The announcement, released on May 28, 2024, underscores D-Wave’s evolving status within the broad-market index.
Recent block buy
Key Technical Levels:
Current Price Analysis: The stock is at a very low price, presenting potential growth opportunities. Scaling in could be a prudent strategy.
Resistance Points:
$1.80
$2.00
$2.40
$3.20
$4.40
Surpassing these levels could signal a positive trend, providing opportunities to take profits at these stages.
Trading Strategy:
Take Profit (TP):
First target: $3.20
Second target: $5.30
Stop Loss (SL): Set at below $1.10 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for a detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. Conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
