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$IonQ Inc (IONQ.US)$ Support and Resistance Levels Support L...
Support and Resistance Levels
Support Level: $25.00 has been identified as a key support level, given the stock's ability to hold above this during price downturns.
Resistance Level: $29.48 is a critical resistance level, which marks the 52-week high, indicating a potential barrier to further price increase without substantial positive catalysts.
Clear Support: $10.0 which shows consolidation over 126 days is a long-term support indicating underlying demand at lower price levels.
Support Level: $25.00 has been identified as a key support level, given the stock's ability to hold above this during price downturns.
Resistance Level: $29.48 is a critical resistance level, which marks the 52-week high, indicating a potential barrier to further price increase without substantial positive catalysts.
Clear Support: $10.0 which shows consolidation over 126 days is a long-term support indicating underlying demand at lower price levels.
Risk Level: 8 (Very High Risk)
IonQ Inc. scores an 8 on the risk level assessment, indicating a very high-risk position. The high risk is mainly attributable to its negative profitability ratios, substantial cash burn, and the uncertainty of future revenue streams despite current low debt levels and ample cash reserves. The company's stock is volatile, as evidenced by its recent price swings, requiring active management and risk control measures when trading. IonQ’s nascent sector introduces further risk due to the reliance on technological advancements and market adoption. Although its growing partnerships and contract wins hint at future potential, the current speculative investment nature makes it a high-risk choice for most conservative investment portfolios
IonQ Inc. scores an 8 on the risk level assessment, indicating a very high-risk position. The high risk is mainly attributable to its negative profitability ratios, substantial cash burn, and the uncertainty of future revenue streams despite current low debt levels and ample cash reserves. The company's stock is volatile, as evidenced by its recent price swings, requiring active management and risk control measures when trading. IonQ’s nascent sector introduces further risk due to the reliance on technological advancements and market adoption. Although its growing partnerships and contract wins hint at future potential, the current speculative investment nature makes it a high-risk choice for most conservative investment portfolios
Trading Strategy
Based on my analysis, this stock holds potential for a profitable swing trade. I am adopting a long position strategy due to the stock's performance metrics coupled with the sector's growth prospects. With $10,000 available for trading, I allocate 14.56% of my capital, amounting to $1,456, to buy 48 shares. An entry point of $30.00 is chosen, considering recent price trends and potential breakout at higher levels. The proposed exit price is $53.26, which reflects the possible upside within a confirmed bullish trend. I have set a stop loss at $24.052 to limit downside risk, striking a risk/reward ratio of 1:3.91, efficiently seeking higher gains against potential losses.
Entry Price: $30.00
Exit Price: $53.26
Stop Loss: $24.052
Shares: 48
Allocation: $1,456 (14.56% of $10,000)
Risk/Reward Ratio: 1:3.91
Based on my analysis, this stock holds potential for a profitable swing trade. I am adopting a long position strategy due to the stock's performance metrics coupled with the sector's growth prospects. With $10,000 available for trading, I allocate 14.56% of my capital, amounting to $1,456, to buy 48 shares. An entry point of $30.00 is chosen, considering recent price trends and potential breakout at higher levels. The proposed exit price is $53.26, which reflects the possible upside within a confirmed bullish trend. I have set a stop loss at $24.052 to limit downside risk, striking a risk/reward ratio of 1:3.91, efficiently seeking higher gains against potential losses.
Entry Price: $30.00
Exit Price: $53.26
Stop Loss: $24.052
Shares: 48
Allocation: $1,456 (14.56% of $10,000)
Risk/Reward Ratio: 1:3.91
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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#unprofitable part time trader,,, time to change into professional profit or small lose taker.
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102176299 : If it can really rise to over 50, then my call expiring in the middle of next year will increase several times. Hopefully!
Iwill TradeScared OP 102176299 : It’s just theoretical concept you never know don’t be overconfident
Jasminejade 102176299 : There is a target of 36-37, once reached, it will fall to around 21, then up to 42 as my indicators show.
Iwill TradeScared OP Jasminejade : Forget your indicators set alart if entry price get consolidated support then buy why stressing in rollarcoster ride
trading is better then investing and less stressful if you know informed entry and exit every time , you chose roller coaster ride or smooth consistent gains let me know if you want to know link to find stocks 