Long
$NYSE:QBTS Forming Ascending Channel
$NYSE:QBTS appears to be forming an ascending channel with momentum. Note the William %R is climbing with higher lows.
The play for this is to purchase as it's bouncing off the support line (lower green)
Sell signal - The channel breaks down if the support line is pierced - meaning the stock closes below the green support line.
Breakout signal - The channel shows a breakout when the resistance line (red) is pierced - stock closes above the red resistance line.
The play for this is to purchase as it's bouncing off the support line (lower green)
Sell signal - The channel breaks down if the support line is pierced - meaning the stock closes below the green support line.
Breakout signal - The channel shows a breakout when the resistance line (red) is pierced - stock closes above the red resistance line.
Order cancelled
It’s over! It fell out of the channel before I ever opened a trade! Don’t bother buying in!
I'm not a financial advisor and I'm not offering investment advice. Please consult a professional prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm not a financial advisor and I'm not offering investment advice. Please consult a professional prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.