Key control
- Quantum Computing shares increased 25% to its highest level since December on Wednesday, promoted by the upward comments of the CEO of Nvidia Jensen Huang on emerging technology.
- The action recently exploded from a rectangle, a graphic formation that indicates a continuation of the hard -term hard -term upward trend of the action.
- Investors must observe the main general expenses areas in the Quantum Computing table around $ 27 and $ 37.50, while monitoring the key support levels about $ 15 and $ 9.
Quantum Computing (QBT) The actions increased to its highest level since December on Wednesday, promoted by the upward comments of the CEO of Nvidia Jensen Huang on emerging technology.
The actions of quantum computing companies shot higher after Huang said the industry is “reaching a turning point”, adding that he hopes that quantum computing can solve some interesting problems in the coming years. The comments of the Chief of Nvidia (NVDA) reached a more optimistic tone than earlier this year when he said the technology was 15 to 30 years away.
The Quantum Computing shares, which quoted below $ 1 dollars a year ago, earned 25% on Wednesday to close around $ 19, which put the shares in positive territory for 2025. The company last month photonica and quantive of optical technology.
Next, we observe more closely the Quantum Computing graph and apply technical analysis to identify the main price levels that are worth watching.
Rectangular formation rupture
After returning on the 200 -day mobile (MA) average, quantum computing actions tended higher before forming a rectangle, a graphic formation that indicates a continuation of the long -term strong bullish trend of the action.
That highest movement began earlier this week, with the stock leaving the training in the highest daily negotiation volume since mid -December. In addition, the relative force index confirms the impulse of the prices achieved, although the indicator also shows overcompra conditions, which can lead to short -term setbacks.
Let us point out two main upper areas in the Quantum Computing table to observe if the stock continues to rise and also identifies the key support levels that is worth monitoring during future retaccos.
The main upper areas to observe
The short -term strength could initially raise shares to around $ 27. This area in the table can provide head resistance near the prominent December peak of the action.
Investors can project an air area to see above December maximum using the measured movement technique, also known by graphics observers as the measurement principle.
When applying the analysis to the Quantum Computing table, we calculate the percentage change of the bullish trend that immediately preceded the rectangle and add it to the higher line of line of the formation. For example, we apply a 150% increase to $ 15, which projects a $ 37.50 objective. representing almost 100% up to Wednesday’s closure price.
Key support levels worth monitoring
The remittances in the share could see the support of the price review of around $ 15. Investors would like to seek opportunities to “buy” in this area near the higher line of tendency of the rectangle formation.
Finally, selling below this level could trigger a fall at $ 9. Quantum Computing actions find a support confluence in this location near the 50 -day ascending slope and a trend line that links a price action range in the table that extends until last November.
The comments, opinions and analysis expressed in Investopedia are only for informative purposes. Read our discharge of responsibility for guarantee and responsibility to obtain more information.
To the date this article was written, the author does not possess any of the above values.
