The Long Investor
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$IONQ
🕑 Added 2025-02-19 12:39:16 +0000 UTCWe all know by now that I am not a fan of aggressive parabolic moves in companies with weak fundamentals and this is why I have stayed away from this company for 2025 and did not want to infect this group by entertaining this, let chasers chase, we buy fundamentally strong companies that move strong and get better results.
$IONQ is inevitably pulling back and in a clear ABC correction for me, I believe a lower low will be made here and the standard pull back level is always the 0.618 Fib at $24 here.
Blue support line is lower at $21 and the 200 Day MA is at 18.
Fundamentals are not great here, there are better options in the market right now.
Comments
Matt Lampkin
This is like a day trade man.
Ashish Srivastava
Ive got it running to 36 and then a drop lower
