Last night felt like a "sports car hitting the brakes" — not moving an inch, yet thanks to the CEO's remarks, quantum concept stocks took a dive. It’s hard not to marvel at the phrase: "Standing still like a mountain, yet inflicting damage on thousands."
On the chart, the stock has fallen into a consolidation phase, with bulls and bears battling fiercely around the $140 mark. The price is below the 5-day and 10-day moving averages, signaling short-term weakness, but key support levels remain intact. It’s hovering near the middle Bollinger Band, with resistance at the upper band around $149 and support at the lower band near $131.5. The short-term trend remains range-bound, with no clear breakout direction yet.
Trading Tips: The trend remains choppy, and the breakout direction is still uncertain.