$NYSE:QBTS Forming Ascending Channel

7 בינו׳

QBTS appears to be forming an ascending channel with momentum. Note the William %R is climbing with higher lows.

The play for this is to purchase as it's bouncing off the support line (lower green)

Sell signal - The channel breaks down if the support line is pierced - meaning the stock closes below the green support line.

Breakout signal - The channel shows a breakout when the resistance line (red) is pierced - stock closes above the red resistance line.

7 בינו׳

הפקודה בוטלה

It’s over! It fell out of the channel before I ever opened a trade! Don’t bother buying in!