Is the Sell-Off Over for IonQ? was it a bubble?
Two weeks ago, IonQ signaled a sell setup following the formation of a weekly BEARISH PINBAR, as clearly shown on the chart. Despite this indication, many investors and traders were influenced by the strong rally from the previous week, overlooking the reversal signal.
Subsequently, a BEARISH ENGULFING candle appeared immediately after the pin bar — a strong confirmation of selling pressure and a reflection of changing investor sentiment. This move extended into the following week, breaking a key weekly trendline, further validating the bearish momentum.
The question remains: Is the sell-off over?
My Analysis:
It appears the stock may have experienced a short-term bubble.
Based on my technical analysis (TA), if IonQ breaks below the $55 zone, the next potential downside target could be around the $45 level.
Furthermore, if the price breaches the lower trendline, we might see a decline toward the $35 zone.
As always — trade with caution and ensure your risk management plan is in place.
I’d love to hear your thoughts — feel free to like, share, and drop your comments below.
Let’s connect and discuss further.
Two weeks ago, IonQ signaled a sell setup following the formation of a weekly BEARISH PINBAR, as clearly shown on the chart. Despite this indication, many investors and traders were influenced by the strong rally from the previous week, overlooking the reversal signal.
Subsequently, a BEARISH ENGULFING candle appeared immediately after the pin bar — a strong confirmation of selling pressure and a reflection of changing investor sentiment. This move extended into the following week, breaking a key weekly trendline, further validating the bearish momentum.
The question remains: Is the sell-off over?
My Analysis:
It appears the stock may have experienced a short-term bubble.
Based on my technical analysis (TA), if IonQ breaks below the $55 zone, the next potential downside target could be around the $45 level.
Furthermore, if the price breaches the lower trendline, we might see a decline toward the $35 zone.
As always — trade with caution and ensure your risk management plan is in place.
I’d love to hear your thoughts — feel free to like, share, and drop your comments below.
Let’s connect and discuss further.
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.