Dec. 25 at 3:46 PM
Actionable Trade Alert for
$QUBT:
Market Context:
$QUBT closed at
$11.42, currently trading below its 30-day moving average (MA30) of
$11.57 and significantly below its 60-day high of
$25.84. The RSI at 36.99 indicates that the stock is approaching oversold territory, suggesting potential for a reversal.
Directional Bias: Given the current RSI and the proximity to the 60-day low of
$9.50, there is a bullish bias as the stock may be undervalued. The price is also near the lower end of its recent trading range, providing a favorable entry point.
Suggested Trade Plan:
- Entry:
$11.42
- Stop Loss:
$10.50 (approximately 8% below entry)
- Take Profit Targets:
1.
$13.00 (TP1) - 13.8% ROI
2.
$15.00 (TP2) - 31.6% ROI
3.
$13.40 (TP3) - 17.3% ROI
Monitor the stock closely for movement towards targets while adhering to the stop loss to mitigate risk.
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