Nov. 15 at 1:42 AM
$QUBT is currently trading at
$10.03, significantly below its 30-day moving average (MA30) of
$16.8 and 50-day moving average (MA50) of
$17.44, indicating a bearish trend. The RSI at 26.17 suggests the stock is oversold, which may lead to a potential reversal, but caution is warranted given the prevailing downtrend. The recent 60-day high of
$25.84 and low of
$9.86 indicates a wide trading range, suggesting volatility.
Suggested trade plan:
- Entry: Consider entering a long position around
$9.90, near the 60D low, as a potential reversal point.
- Stop: Set a stop-loss at
$9.50 to limit downside risk.
- Targets: First target at
$12.50, aligning with resistance near the MA30, and a second target at
$15.00, close to the MA50.
Monitor market conditions closely, as the stock remains in a bearish context despite oversold signals.
https://privateprofiteers.com
