QUBT – Update
The chart for Quantum Computing Inc.(QUBT) is deveoping nicely. We appear to be in an up to two week window before the completion of the inverse H&S bottom, with the right shoulder having formed a cup and handle. I want to see a gap fill at $2.80 which is my recommended entry point. If and when the gap is filled, I would think it will be this week, the stock could breakout immediately or meander around during the two week period.
Still watching and waiting.
Some additional comments on how the chart is developing. If you look at a chart with the mvg avgs you will see that the 50 day should be moving up rapidly this week as prices around $1.50 are being replace by prices over $3. This is within the confines of the triangle or flag since it peaked in early June. At the same time the 200 day is capping the price and both mvg avgs are converging. So far it is acting beautifully, we just need the drop to $2.80. Any day this week.