Falling wedge breakout on 
AXE looks to be a reversal in the current market conditions. Still a somewhat conservative target for short-medium term trade given macro environment, however, I believe this is a great entry point for a long term investment for those who believe in the quantum processing/computing space.
Archer have recently had a patent on a qubit processor in Australia and a number of other countries, can look very promising for long hold if this reversal falls through
Could play this trade or sit on the stock for 5+ years for multiples
AXE looks to be a reversal in the current market conditions. Still a somewhat conservative target for short-medium term trade given macro environment, however, I believe this is a great entry point for a long term investment for those who believe in the quantum processing/computing space. Archer have recently had a patent on a qubit processor in Australia and a number of other countries, can look very promising for long hold if this reversal falls through
Could play this trade or sit on the stock for 5+ years for multiples
Nota
Widened the wedge as it followed trend, new line breakout as high interest in tech indices. Targeting the 2.618 Fib level and $1Nota
Took off 50% position at $0.98 - observing next move from here
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.