#QUBT

$QBTS #qbts #qbtsstock #qbtstechnicalanalysis #qbtsstockanalysis #qbtsstockupdate $ $QUBT #qubt #qubtstock #qubttechnicalanalysis #qubtstockanalysis #qubtstockupdate $RGTI #rgti #rgtistock #rgtitechnicalanalysis #rgtistockanalysis #rgtistockupdate $IONQ #ionq #ionqstock #ionqstockupdate #ionqstockanalysis #ionqinc #quantumcomputing #quantumcomputerstocks #chartreaders #technicalanalysis #RSI #MACD #Daytrader #DayTrading #SwingTrading #swingtrade #tradingstrategy #learntotrade #tradewithaplan #technicalanalysis #tradingplan

$RGTI (Rigetti Computing Inc.):

Volume and Market Behavior: RGTI displayed extraordinary trading activity with 300 million shares traded, marking it as the most active stock in the market on that day. This high volume, a sign of significant investor interest, was crucial in driving the stock's price up by 133%, despite a substantial drop early in the day.
Technical Indicators: The stock managed to rebound strongly from the morning's lows, closing near the day's highs, which showcases strong buying interest. However, the formation of a potential "hanging man" candlestick could indicate uncertainty about continued upward momentum.
Sector and Market Context: Despite its standout performance, RGTI’s movement was somewhat discordant with the general trend in the quantum computing sector where other stocks experienced declines. This divergence raises questions about the sustainability of RGTI’s rally, especially if sector peers are faltering.

$QBTS (DWave Inc):

Price Action: QBTS demonstrated resilience as it recovered from an initial dip below the eight-day moving average, closing the day with a robust candlestick that suggested bullish sentiment.
Support Levels: The stock successfully held above crucial support levels and its eight-day moving average, indicating strong underlying market support.
Outlook: Moving forward, maintaining above $5.05 (just below the day’s closing) will be pivotal. Breaking past the resistance at $5.06 could open the path towards $5.60, signaling further bullish potential.

$IONQ (IonQ, Inc.):

Market Performance: IONQ maintained stability above its key moving averages, which is a bullish sign. However, recent trading sessions have shown some indecisiveness as evidenced by multiple "doji" candles, which represent uncertainty.
Support and Resistance: The stock’s ability to hold above support levels bodes well for its stability. A critical resistance is observed at $34.50; crossing this threshold could significantly enhance bullish prospects.
Volume and Momentum: While IONQ's volume wasn't as high as RGTI’s, it remained consistent, supporting the stock's current price levels without indicating overextension.

$QUBT (Quantum Computing Inc.):

Technical Analysis: QUBT is showing signs of struggle as it attempts to maintain above key moving averages amidst a recent offering which generally exerts downward pressure on stock prices.
Critical Levels to Watch: The stock needs to overcome the $7.60 level to signal a potential bullish reversal. Falling below the current levels could see it test lower supports around $5.50, which could further confirm bearish trends.
Sector Influence: Being the weakest among the discussed stocks, QUBT's performance could be an indicator of lesser strength in the sector's lower tier, potentially influencing investor sentiment across similar stocks.

Conclusion:
The day’s trading showed a mixture of strong gains and stable performances across the quantum computing sector, with RGTI leading with unprecedented volume and price action. QBTS and IONQ showed commendable resilience by holding above crucial supports, hinting at potential upside if they can breach respective resistance levels. Conversely, QUBT remains under pressure, needing significant improvements to align with sector peers’ performances. Moving forward, the upcoming FOMC meeting could be pivotal in dictating broader market movements, influencing these stocks' trajectories, especially if rate adjustments align with market expectations.

00:00 Opening Thoughts on Sector Strength + Disjointed Index & NASDAQ Strength
05:21 Introduction for new viewers
05:49 RGTI
13:39 QBTS
18:11 IONQ
22:38 QUBT