Theta Warrior notes quantum stocks have been getting destroyed recently but a couple of names put in bullish engulfing candles today on higher volume, questioning if a reversal is forming for $RGTI $IONQ $QUBT $QNT.
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Quantum stocks have been getting destroyed recently!
Couple of names put in a bullish engulfing candle today, all on higher volume.
Reversal in the making? 🤔
$RGTI $IONQ $QUBT $QNT
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Reasoning: Technicals
Good morning; futures mixed, PPI at 8:30. $TSM big beat. Ratings: $YSS Neutral @ Piper pt $9; $RDW Neutral @ Piper pt $11; $HAWK Overweight @ Piper pt $22; $CRUS downgraded to Sector Weight @ KeyBanc; $ASML pt cut to $2350 from $2400 @ JPM; $BLK pt raised to $1149 from $1435 @ JPM; $RBC pt cut to $48 from $195 @ RBC; $QNT upgraded to Buy @ MS pt $62.
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Good Morning!
Futures mixed, PPI @ 8:30
$TSM Big beat
$YSS int Neutral @ Piper pt $9
$RDW int Neutral @ Piper pt $11
$HAWK int Overweight @ Piper pt $22
$CRUS d/g Sector Weight @ KeyBanc
$ASML pt cut $2350 from $2400 @ JPM
$BLK pt raised $1149 from $1435 @ JPM
$RBC pt cut $48 from $195 @ RBC
$QNT u/g Buy @ MS pt $62
Reasoning: Fundamentals Specific
Fund flows or trade records mentioned in posts reflect only the account’s own claims, are marked “Per the post” and are unverified.