Observe these D-Wave quantum price levels according to the stocks at the highest level since 2022

The shares of D-Wave Quantum (QBTS) can stay with Watchlists on Tuesday, after they have risen to a maximum of several years, since investors continued to stack the shares into the share after the company's quantum computer exceeded a supercomputer.

In a press release last Wednesday, D-Wave said that its temporary quantum computer exceeded one of the most powerful classic supercomputers in the world when solving complex material coverage problems. CEO Alan Bratz said that the company's quantum computer can now exceed the performance of the most powerful supercomputers.

Since the announcement of last week, the D-Wave shares have almost doubled. The share has increased by more than 400% in the past 12 months, which has the growing interest in the Quantum computer sector.

The D-WAVE shares rose by 10% on Monday and closed at $ 11.18, their highest level since August 2022.

In the following we take a closer look at the technical data in the D-Wave diagram and identify important price levels that investors may observe.

Symmetrical triangle breakout

D-Wave divides into a symmetrical triangle for a few months before it broke out over the upper trend line of the pattern in the trading session on Friday and the prerequisites for continuing the step of the share grew higher.

It is important that the increasing volume has supported the step higher, which indicates a strong purchase order behind the outbreak. In addition, the relative strength of index (RSI) confirms the Bullish price dynamics, although the indicator has switched to an over-dining area, which increases the possibility of short-term profit.

If we apply the technical analysis in projects two potential bullish goals to see in the diagram of D-Wave, and also indicate an important zone of support that is worth monitoring surveillance in retreat.

Diagram -based bullish price goals

Measure the principle

When using the measuring principle to predict a target, we calculate the percentage change in the symmetrical triangle near the start of the pattern and add it to the outbreak point. For example, we apply an increase of 180% to $ 7.15, which projects an optimistic goal of $ 20.

Beam sample destination

Prediction of a target using bars sample analyzes works by extracting the trend of the share from the beginning of November to the end of December last year and re -positioned from the breakout point on Friday. This analysis projects an optimistic goal of around 52 US dollars, an area in which the shares may fly over if the price campaign imitates the previous step.

Interestingly, the earlier upward trend followed an outbreak from a symmetrical triangle, similar to the higher access of the current movement.

Important support zone worth monitoring monitoring

During the profit integration into D-wave shares, it is worth keeping a support zone between 5.30 and 3.75 US dollars in mind. Investors may be looking for purchase options in this area near a series of peaks and deeper that formed on the map between November and March of this year.

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Until the date on which this article was written, the author has none of the above securities.