May. 9 at 10:50 AM
$QUBT $RGTI $IONQ $QBTS Quantum earnings approach in earnest this week (5/11-5/12) with IONQ already reporting last week. The data/numbers were reasonable for IONQ, but this will all be on momentum/sentiment. The financials will not be compelling from a profitability, FCF or top line (absolutes) perspective. It will more be driven by growth, developments and overall sector sentiment (IMO) near term. The (QC) charts are identical with relatively clear resistance/support lines (QBTS
$24, RGTI
$22, QUBT
$10). If market sentiment remains favorable, and earnings reasonable investors could see a breakout if/where the lines highlighted here are broken. Look for related/sector stocks to move concurrent -
$LAES ARQQ WKEY.
