Watch These D-Wave Quantum Price Levels After Stock Surges to Highest Level Since 2022 | Global News Avenue

d-wave quantum (QBTS) Today’s stocks may remain on Tuesday’s watchlist as investors continue to accumulate into stocks Last week, news said the company’s quantum computer was better than supercomputers.

D-Wave is Last Wednesday’s press release Its annealed quantum computer outperforms one of the world’s most powerful classical supercomputers in solving complex material discovery problems. CEO Alan Bratz said the company’s Number of computers Now it can surpass the performance of the most powerful supercomputers.

D-Wave stock has nearly doubled since its announcement last week. The stock has soared more than 400% over the past 12 months due to growing interest in the quantum computing industry.

D-Wave shares rose 10% on Monday and closed at $11.18, the highest level since August 2022.

Next, we will study it carefully technology On the D-Wave chart and identify important price levels that investors may be watching.

Symmetric triangle breakthrough

D-Wave shared in Symmetric triangle A few months ago, the upper trend line of the pattern was broken through Friday’s trade fair, laying the foundation for A continue Stocks move higher.

Importantly, increase volume Already supported higher moves, demonstrating the strong buying belief behind the breakthrough. and, Relative Strength Index (RSI) Confirm bullish price momentum, although the indicator has entered Overbought Territory, increasing the possibility of short-term profits.

Let’s apply Technical Analysis Project two potential bullish targets to watch D-Wave’s chart and point out an important target Support area Worth monitoring during the answers.

Chart-based bullish target targets

Measurement principles objectives

When using Measurement principle To predict the goal, we calculate the percentage change of the pattern starts near the symmetric triangle and add it to the breakout point. For example, we are growing 180% to $7.15, which is expected to be $20.

Bar chart target

Predict the target analysis target by extracting stocks trend From early November to late December last year, and repositioned from Friday’s breakthrough point. The analysis’s bullish target is about $52 if the stock may be heading towards $52 Price action Mimic previous moves higher.

Interestingly, the earlier upgrade Analysis follows a breakthrough From a symmetrical triangle, similar to the current way of moving higher.

Important support areas worth monitoring

During the profit period of D-Wave stock, it is worth keeping a close eye on the support zone between $5.30 and $3.75. Investors may seek buying opportunities in this area Peaks and slots This was formed on the chart between November last year and March this year.

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