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Quantum Computing Boom: The next AI?
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$Quantum Computing (QUBT.US)$ Investors and traders trying t...

$Quantum Computing (QUBT.US)$ Investors and traders trying to get into the Quantum rally today are playing with fire. QUBTin particular has benefitted from recent catalysts, a NASA deal, and the fact that it is literally called Quantum Computing, which, I believe, has attracted retail investors.
From an investing perspective, it’s difficult to justify the stock as it trades at over 3000 P/S.
Now, if you did want to catch the dip, we have some meaningful support at around $7, and below that, we could look towards the $4 area, where the 200 EMA on the 4h chart comes in.
Personally, I would not buy this stock unless I saw the following;
Price test $4 support and hold.
RSI enters oversold conditions.
General market and risk-on investment regain its momentum.
Final Thoughts
QUBT has had a massive rally, but the higher they go, the harder they fall.
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