Apr. 17 at 7:22 PM
$QBTS HEre's where things get real interesting for QBTS... the last 2 trading days it has been bouncing between 21.50 and 22ish with some spike above the latter number. Eating time off the clock giving time for the hourly 20MA to catch. Will that be support and act as a launching pad for QBTS to move higher? Assuming it can hold above 21.50... maybe.
It's recent move came about from hype... namely conjecturd association to NVIDIA because of some announcment they made on their chips and quantum computing... the whole sector saw a move up. Nothing unique to QBTS. Neither the hourly, 4 hour, or daily charts look either bearish or bullish... but because QBTS still got has a lot to prove in its fundamentals and I dont like how far the broader market is over extended I have a bearish sentiment on QBTS for now.