QBTS
appears to be forming an ascending channel with momentum. Note the William %R is climbing with higher lows.
The play for this is to purchase as it's bouncing off the support line (lower green)
Sell signal - The channel breaks down if the support line is pierced - meaning the stock closes below the green support line.
Breakout signal - The channel shows a breakout when the resistance line (red) is pierced - stock closes above the red resistance line.
The play for this is to purchase as it's bouncing off the support line (lower green)
Sell signal - The channel breaks down if the support line is pierced - meaning the stock closes below the green support line.
Breakout signal - The channel shows a breakout when the resistance line (red) is pierced - stock closes above the red resistance line.
Order cancelled
It’s over! It fell out of the channel before I ever opened a trade! Don’t bother buying in!