IonQ (IONQ): Short-Term Buy Position with Bearish Confirmation Risks
IonQ is currently in a short-term buying zone after experiencing a long pullback from $44 to $31. The next key move is a rebound to at least $35, where the stock could face resistance at its November 2021 levels or attempt a rise toward $40 to create a bearish confirmation pattern.
If the bearish trend continues, IonQ could head toward $26, a critical support level where two key scenarios could unfold:
Consolidation between $20 and $26, signaling market uncertainty and potential range-bound trading.
Bullish channel formation between $26 and $35, which would suggest a gradual recovery and potential accumulation.
Long-Term Risk: A Steep Correction Like 2021
If IonQ fails to stabilize within these key price zones, it could trigger a major percentage drop of 80–85%, similar to its 2021 crash from $35 to $10.
Key downside levels to watch:
$26: Must hold to prevent deeper declines.
$20: Below this, the stock enters a high-risk phase.
$10: A worst-case scenario if bearish momentum intensifies.
Conclusion: Critical Levels to Watch
Short-Term Resistance: $35–$40 (needs to break for bullish momentum).
Long-Term Support Zones: $26 (major level) and $20 (critical risk point).
Failure to hold above $26 could result in a sharp decline, repeating the 2021 pattern with a potential 80–85% drop.
IonQ must stabilize above $26 to avoid a deeper correction, while a move past $40 could temporarily delay the bearish scenario. The next few months will be crucial in determining its long-term trajectory.
IonQ is currently in a short-term buying zone after experiencing a long pullback from $44 to $31. The next key move is a rebound to at least $35, where the stock could face resistance at its November 2021 levels or attempt a rise toward $40 to create a bearish confirmation pattern.
If the bearish trend continues, IonQ could head toward $26, a critical support level where two key scenarios could unfold:
Consolidation between $20 and $26, signaling market uncertainty and potential range-bound trading.
Bullish channel formation between $26 and $35, which would suggest a gradual recovery and potential accumulation.
Long-Term Risk: A Steep Correction Like 2021
If IonQ fails to stabilize within these key price zones, it could trigger a major percentage drop of 80–85%, similar to its 2021 crash from $35 to $10.
Key downside levels to watch:
$26: Must hold to prevent deeper declines.
$20: Below this, the stock enters a high-risk phase.
$10: A worst-case scenario if bearish momentum intensifies.
Conclusion: Critical Levels to Watch
Short-Term Resistance: $35–$40 (needs to break for bullish momentum).
Long-Term Support Zones: $26 (major level) and $20 (critical risk point).
Failure to hold above $26 could result in a sharp decline, repeating the 2021 pattern with a potential 80–85% drop.
IonQ must stabilize above $26 to avoid a deeper correction, while a move past $40 could temporarily delay the bearish scenario. The next few months will be crucial in determining its long-term trajectory.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.