Watch These D-Wave Price Levels as Quantum Computing Stock Soars on Next-Gen Launch
Key Takeaways
- D-Wave Quantum jumped 26% on Tuesday after the company announced the release of a quantum computing system it says can solve problems beyond the capabilities of classical computers.
- The stock has staged a decisive breakout above the top trendline of an ascending triangle this week, signaling a continuation of the strong uptrend that preceded the pattern.
- Chart-based upside targets using the measured move technique and bars pattern analysis sit at $40 and $90, respectively.
- Investors should monitor a major support level on D-Wave’s chart around $12.
D-Wave Quantum (QBTS) soared Tuesday after the company announced the release of a quantum computing system it says can solve problems beyond the capabilities of classical…
