IONQ Technical Analysis

During the early Wednesday session, IonQ broke down pretty significantly in pre-market trading, which was facilitated by a statement yesterday made by Nvidia’s CEO that he did not believe quantum computing would be much of a factor for 10 to 15 years. So, the question then remains, is this a real thing? Probably not. This is probably going to end up being a buying opportunity, but you certainly don’t jump in right here. You wait for the market to stabilize.

After all, this is one man’s opinion, and although he is very educated in the computing world, he probably doesn’t really have a good grip on the timeline of how these things play out. After all, most things that are thought to be futuristic are always thought to be way out in the future and they tend to show up in about half the time expected. So, I suspect what we have is a situation where it’s a culmination between Jensen Wang speaking and interest rates in America skyrocketing. I do believe that this will be a value trade eventually, but I would not be surprised to see this thing fall all the way down to the $36 level.