$NASDAQ:QUBT bullish pennant formation

QUBT is showing a bullish pennant formation which started after they released earnings (November). The price target if the pattern completes is ~$16.

Entry points:
The more conservative entry is above $8 after confirmation of a breakout (relatively higher volume, etc.)

Note:
Pennants (triangular in shape) can turn into flags (rectangular parallelogram). Both of which are bullish, but the flag can continue downwards making them look like they’re breaking down. All of this to say buying early and setting stops is more tricky. You’ll need to establish a stop based on your own comfort with risk.

Good luck!