Quantum Sector Moves & Momentum Runners - Stocks on Watch

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RGTI $7.16

• The recent rally on this stock is further fueled by the launch of Google’s quantum chip last week. A rising tide lifts all boats. Many smaller quantum computing stocks like RGTI and QBTS are definitely benefiting from the sector move.

• The KL for the stock to hold is the $7.1s recent breakout area on the daily. If it’s able to sustain the KL, we could potentially see more consolidation for the next leg up along the uptrend.

• This is a potential day trading and swing trading idea.

• Position Disclosure: No position

GOOGL $189.82

• With the launch of its new quantum computing chip and Gemini 2.0 updates, the stock rallied to break new 52-week highs.

• The pullback in the last two days may provide a good opportunity to get in on this rally, IF the trend continues.

• The KL to watch is the $188-189s previous ATH breakout level back in July.

• Looking for consolidation and reclaim around said KL to join long on this name.

• This is a potential day trading and swing trading idea.

• Position Disclosure: No position

WKEY $7.84

• The stock surged in extremely high volume, and broke out of new 52 week highs on Friday.

• This is actually a holding company. One of its subsidiaries is partnering up with SpaceX to launch a satellite.

• I think the ties with SpaceX (and Elon Musk) headlines may give this stock “legs” to make secondary breakout moves.

• Staying cautiously bullish on the stock. If the stock can hold the $7.1s intraday breakout level, it may see more continuation early next week.

• Position Disclosure: No Position