The stock price of IONQ, INC (IONQ) is currently trading around $4.94 per share. The price trend of this stock is currently entering a sideways range on the weekly chart with a fluctuation range of $3 – $6. The price may continue to move sideways in this range for a while before breaking out.
Trading idea: Traders should consider selling when the price reaches $6. Set a stop loss when the price closes above the strong resistance level of $6.75. Take a short-term profit when the price drops to $3. On the other hand, traders can also wait to buy at the $3 price level when the price tests the lower boundary of the weekly Bollinger band. Note that when the price enters a sideways range, it is very difficult to make high profits, especially when there is no clear trend. Therefore, traders should trade with a small position and strictly control the risk of their accounts.
