RGTI looks like the poster child of irrational exuberance in quantum stocks. New Year Dump incoming after a 1000% in a little over a month and around 2,500% from the 52-week low. No fundamental new sales or orders to back this new increase which is driving the price to sales to all-time highs.
50-60% pullback imminent. scale in.
50-60% pullback imminent. scale in.
Note
Remember, RGTI has been diluting this whole time, so marketcap isn't even close to historical IPO levels.
Trade closed: target reached
Late Merry Christmas!
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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.