QBTS - Long

Wait 5 sec.

QBTS - LongD-Wave Quantum Inc.NYSE:QBTSSPYDERMARKETchnically, this is a pretty clean “trying to flip trend” setup, but it’s not fully confirmed yet. Price broke out of the long descending wedge/downtrend and reclaimed the moving averages, which leans bullish. The key now is whether it can hold above the breakout/retest area around $25. Bull case: if it holds above $24-ish, If volume comes in and it clears that, $34 and then $51 become possible upside targets. Bear/risk case: if it loses $21–22, this can turn into a failed breakout and drift back into the old range. Bigger support is the green demand/value zone around $14–16 I ADD big. The volume profile matters here because price is trying to move from a heavy volume area into a thinner pocket. If buyers keep pressure on, it can move fast through that low-volume area. If they don’t, price usually gets pulled back toward the larger volume shelves. My read: bullish structure, but needs confirmation above $24–25. Cleanest idea is hold/reclaim $22, break $24–25 with volume, then target $29–30 first. Lose $21 and the setup gets much weaker. I have a relatively small position here, but if we get a large pull back, ill load the bags and hold. I like the trump administration wanting to support quantum computing.