#SMCI #RGTI #IONQ #QBTS #QUBT - HOT STOCK Technical Analysis

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detailed summary of the five stocks covered: Super Micro Computer, Inc. (SMCI) and four quantum computing stocks: Rigetti Computing Inc. (RGTI), IonQ, Inc. (IONQ), D-Wave Inc. (QBTS), and Quantum Computing, Inc. (QUBT).

Super Micro Computer, Inc. (SMCI)
Performance: SMCI has shown a strong performance, maintaining a consistent channel between the 100 and 200 moving averages. The stock reacted positively on earnings day, holding above the 8-day moving average.
Technical Analysis: Currently, SMCI is trading in a favorable position. The key focus is on maintaining the current momentum and potentially moving from the 100-day to the 200-day moving average. Volume indicators show positive signs, supporting the current upward trend.
Quantum Computing Stocks:

Rigetti Computing Inc. (RGTI):

Current State: RGTI is at a critical juncture where it risks losing the 50-day moving average and possibly dropping to the 100-day moving average. A key support is established at $10.20. The stock needs to hold above this level to avoid further declines.
Market Context: The performance of RGTI is somewhat disappointing compared to the overall sector, especially given NASDAQ's relative stability.

IonQ, Inc. (IONQ):

Analysis: Similar to RGTI, IONQ is also at a crucial support level but appears slightly more stable. The stock needs to demonstrate resilience and hold current levels to maintain investor confidence.
Outlook: The next significant level for IONQ is around $14.20, which it needs to surpass to confirm a bullish continuation.

D-Wave Inc (QBTS):

Technical Standpoint: QBTS is marginally above its critical support levels but shows vulnerability. It mirrors the quantum sector's broader challenges, such as sustaining volume and investor interest.
Critical Levels: It needs to hold above $6.65 to avoid a potential fall to lower support levels around $5.60.

Quantum Computing, Inc. (QUBT):

Performance: QUBT appears to be the weakest among the quantum stocks, currently testing the 100-day moving average and struggling with volume.
Risk Analysis: There is an imminent risk of breaking down below current levels, which could lead to further declines, emphasizing the need for volume recovery and stability.

Conclusion:
The quantum computing sector exhibits mixed performance, with each stock facing its unique challenges. SMCI stands out with strong technicals and positive momentum, potentially leading to further gains if it continues to hold above crucial moving averages. Conversely, the quantum computing stocks, particularly QUBT, show signs of struggle, highlighting the need for stability and volume to regain investor confidence and momentum.

00:00 Opening Thoughts on SMCI, Quant Tickers, & NASDAQ
03:52 Introduction for new viewers
04:18 SMCI Technical Analysis
17:09 RGTI IONQ QBTS & QUBT Technicals