The Long Investor
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$IONQ
🕑 Added 2025-03-13 13:04:48 +0000 UTCPrice has also pulled back in 3 waves here to in between the 0.618 Fib and 0.78 Fib where the 200 Day MA has been waiting.
$IONQ is fundamentally not cheap whatsoever, so please be careful here.
It is a quantum computing play that has grabbed the headlines lately but overvalued positions have been hurt badly, so please wait for support confirmation before considering a position.
RSI has been deep in the oversold territory and recovering, so there could be a move back to the 50 Day MA next at $35.
Comments
Angel De Jesus
Anyone here?
Matt Lampkin
Careful on this one, being shorted due to "massive scaling challenges" and being "nowhere close to producing a commercially viable product". https://x.com/StockSavvyShay/status/1900175883840930033
