QUBT also known as Quantum Computing Inc is an innovative, integrated photonics company that provides accessible and affordable quantum machines to the world today.
Given the potential and scale for AI technology, Quantum computers may become more in demand to process and support the future of the AI boom.
At the moment, we are seeing quite a bit of strength coming into this stock given the surprise of 250% on earnings this week, a massive 10x increase from their previous averages.
Technically, we are seeing price rise above the downtrend VWAP (Volume weighted Average Price) which is a significant resistance for the current downtrend. Given the current strength, I am interested in further upside, potentially back to the ATH which can happen quite quickly given how this stock moves in large impulses.
The MACD is currently starting to curl to the upside as well after a recent cross, signalling that momentum is beggining to shift to the upside.
For an ideal entry, you can wait for the VWAP to be backtested as an ideal entry at support around 11.85. Should we drop further to the 10.85 earnings gap, this would be a great area to compound the long trade for the reversal.
Given the potential and scale for AI technology, Quantum computers may become more in demand to process and support the future of the AI boom.
At the moment, we are seeing quite a bit of strength coming into this stock given the surprise of 250% on earnings this week, a massive 10x increase from their previous averages.
Technically, we are seeing price rise above the downtrend VWAP (Volume weighted Average Price) which is a significant resistance for the current downtrend. Given the current strength, I am interested in further upside, potentially back to the ATH which can happen quite quickly given how this stock moves in large impulses.
The MACD is currently starting to curl to the upside as well after a recent cross, signalling that momentum is beggining to shift to the upside.
For an ideal entry, you can wait for the VWAP to be backtested as an ideal entry at support around 11.85. Should we drop further to the 10.85 earnings gap, this would be a great area to compound the long trade for the reversal.
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Looking for a pullback in time to the Anchored vwap first Note
here is your re-test Note
Added some shares on the gap fill Note
Would prefer to see this vwap held to remain in the trade. A daily candle close below would be a sign of weakness to me. Note
I will set my stop approx 9.20 where the gap fill zone area is. For me personally, filling the gap is a sign of weakness and I would rather simply dip into the liquidity zone for an immediate bounce as a sign of strength. Note
Would prefer this to be the liquidity sweep back onto the VWAP. Taking the previous low, and now start the continuation higher. Losing the VWAP is definitely a warning sign, and the only real way to negate it is to enter the gap zone and immediately get a bounce back above. If we reject the vwap after losing it, again, bearish sign and I will then manually close the trade out.
Nonetheless, I am bullish for now, if we lose the VWAP and do not immediately reclaim it then that will be the sign of weakness. Keep it simple.
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Coming into our compound area after BAD bond market news and what may be an over reaction on the indices as well. Just as fast as it came down, just as fast it can reverse. I would like to see the reclaim as fast as possible. ,Note
Coming into the level, really need to see a reaction here Note
Looking great so far Note
As we can see, we had a very quick reclaim of the vwap (volume weighted moving average) suggesting the downtrend is potentially becoming weaker and unable to hold price down. Now, we must reconfirm this vwap as support, and hold. Breaking through again into the gap zone would be bearish for me.
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Nice reaction. Stop alert set to $10.20Note
quite a nice daily candle close. It would be great to see price magnetized into the gap fill region Note
Will likely trail my stop if we see a bounce at the S/R flip Note
its respecting the technicals quite nicely! Note
Although we got a reaction, we didn't quite get a bounce sustain so we fell back to hold the anchored vwap uptrend, slightly front running the stop. We would need to see a daily close below to invalidate it. For now, lets see if we can try and make the next leg up since we just hit quite an important support being the anchored vwapNote
I want the intersection of both of these vwaps to be the launchpad Note
Double VWAP strong support holding price up. I would really like to see it launch here Note
Stop adjusted, letting it ride now. Breaking 2 daily candles red below the vwap is the bearish sign. Dont forget to take partial profits on the way up! Note
sickkkk tp 2 hit for me, letting the rest ride if we squeeze to 27Note
No surprise where we are finding resistance, previous value area high. Looking for a potential pullback setup into the uptrend vwap for the next leg up. If we lose the vwap then the move is likely over 
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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.