Tuesday, March 18, 2025
HomeFinanceWatch These D-Wave Quantum Price Levels After Stock Surges to Highest Level...

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

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

Key Points

  • D-Wave stock may remain vigilant at its highest level on Tuesday since 2022, as investors continue to pile up in stocks after last week’s news that the company’s Quantum computer was better than supercomputers.
  • Last Friday, the stock exploded above a symmetrical triangle, laying the foundation for a stage that continues to move.
  • The bullish target target for the measurement principle is $20, while the forbidden model analysis predicts the target of about $52.
  • During profitable periods, investors should monitor important support areas of the D-Wave chart, between $5.30 and $3.75.

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.

Comments, opinions and analysis expressed by Investopedia are for informational purposes only. Read ours Warranty and liability disclaimer For more information.

As of the date of writing this article, the author does not own any of the above securities.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments