$IONQ - RC -
Added 2024-07-30 13:23:42 +0000 UTC$IONQ has broken out of this descending wedge and managed to hold support on the 0.78 Fib at $7.
Price has bounced well and pulling back now as we lead into earnings next week on the 7th of Aug
I have provisionally added in an impulse wave if the price can hold this level now leading to earnings, a lower low than June would invalidate this impulse wave, so it needs a positive earnings.
Blue support line is at $8.59, holding above this level means the price has entered the Bull Case and the risk is reduced.
Looking good now leading to earnings, needs a good report now
