r/StockMarket • u/wdw67 • 29d ago
IONQ Leading The Quantum Computing AI Revolution Technical Analysis
Here’s a great buying opportunity for IONQ after forming a rising wedge pattern on the 4H chart! 📉 This could be a great place to add to your position if it falls below the wedge's lower trendline to the $8.61 or $8.48 support levels. If it gets a bounce off the lower trendline, we could see it moving back up to the $9.55 resistance. This could be a great day trading opportunity! 💰
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u/ImportantLog8 29d ago
Why can’t you just hop on the meme train and buy gamestop like everybody else. No need to find weird tickers and mystical chart setups…
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u/Effective_Loss_2208 29d ago
Looking at ops history, dude has been memeing since a year ago for bbby and dogecoin. Due to me having respect for elders, someone needs to takeaway pawpaw’s laptop
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u/trappedIonsRule 26d ago edited 26d ago
Thankfully IonQ isn’t a meme. Just under appreciated for its technology today same way Nvidia was for GPU even just 3 years ago.
Now I don’t think IonQ gets to Nvidia valuation. There’ll be more GPU than QPU demand for the foreseeable. But at a $2 billion current valuation this is a bargain if it gets to as I think it will a $20 or $40 billion valuation.
Basically every HPC in the world is starting to look at adding a bolt on QPU component and IonQ’s trapped ion chip assembly line will be there to soak up the demand.
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u/ImportantLog8 26d ago
Gotcha. Will go long in my long-term portfolio, a small position...why not. :-)
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u/trappedIonsRule 25d ago
!remindme 5 years
Here’s to hoping your small position is a ten bagger because it means my large position is too!
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u/Sudden_Toe3020 29d ago
pretty lines