QBTS STOCK! - THIS WEEK COULD BE HUGE!

Added: 2026-06-01

[00:00:01]Good morning everybody. Welcome back to the channel. Welcome to a quick update here for QBTS stock. This is of course D-Wave Quantum, a stock which has seen a lot of momentum in the last week and a stock that I'm going to be watching subsequently very closely as we move into today's trading. What am I looking for in today? Well, I think we need to obviously understand the context of where the stock is right now. You're seeing a stock which is up very significantly from even where we were last Friday. And when I say that, I mean not the Friday just gone, but the previous Friday and coming forwards now into this next week. It's about seeing and it's about establishing whether we can build some flaws here. What that's going to look like is potential supports around 2820. If you can hold on to those, I think the stock is good. Bear in mind, guys, the RSI here on the one month and also on the 3month too is also very high, right? We're in overbought.

[00:00:47]So if you're not able to hold on to those levels, I also don't necessarily think it's the worst thing in the world, but I would be looking to build support soon if not at that level potentially down at 2625. If you can see a push to the upside, it's 30. It's 3025.

[00:01:01]Break above that. It's 3175 to retest these recent highs and hopefully break above it. So yes, I am watching the fact that the RSI is high, but as I've said in some of the more long form videos that I've made recently, when investor sentiment is as high as it is, you know, the stock price is or can be driven primarily by that.

[00:01:19]So last week was a big reactionary week, I would say, and into this week, we're looking if that reaction continues, if momentum continues to build, and ultimately we're asking the question as to where the stock is going to build these new levels, these new levels of support and resistance. And that's what my focus is going to be on. With that being said, guys, it's only a short one tonight, or today, I should say. Thank you for your time, and I hope I'll see you in a more long video that's coming out tomorrow. Thank you.