IonQ is technically bullish after holding above the 200-day MA; target buy zone is 55-60.

You chose IonQ as your first choice among these three companies today. It received renewed attention when Bank of America gave it a buy recommendation and a target price of $60.

Currently, it costs around $4440. So, what is your view of IonQ?

Well, you know, I like that it crossed the 200-day moving average and stayed above it. Therefore, I expected this rise to continue slightly above the 100-day moving average . Then I was looking at the buy option between 55 and 60.

Okay, Rick. As we can see here, he is looking at a buy option between 55 and 60. We won't have their profits until early November. Therefore, this does not represent a risk in this deal. What do you see in the technical analysis here?

Good. What we have noticed recently is that after reaching our 52- week low of 2589 in late March, we saw a strong rally following the earnings announcement, and also before that in April , and then this trend reversed.

If we look at the chart, we will see that we recently reached our lowest level near 35 . We were also unable to close the small gap that formed at 3181 at the beginning of our rise, but we did form higher lows than that.

Therefore, the blue trend line is no longer very important here because of the white trend line, which is steeper and slopes upwards. Moreover, we see that 5484 was another remarkably high level.

As for the moving averages, we have started to notice some improvement. They were all relatively similar. The values now range between approximately 41 and 44. Our five- day and 251- day exponential moving averages are very close, around 43-44, meaning our longest period is one year and our shortest period is one week, and they almost coincide with the white trend line.

This provides us with an easy point of observation to identify potential support in case of optimism, or a breakout point in case of optimism. At the same time, the Relative Strength Index (RSI), a measure of momentum, shows that we crossed the midline at 50 a few weeks ago.

We are at risk of breaking the short-term green trend line, but we are still in the upward zone. The trading volume analysis shows that our biggest point is located between approximately 40 and 50.

The control point is located at 4581, which is the area with the highest trading volume ever. It would be remarkable to go beyond this area. Also note the recent surges in trading volume that we have seen in the trading volume bars at the bottom of the screen, indicating intense activity recently on this stock.

Okay, Mike. Tell us some additional details about this buy option strategy, and how you will approach IonQ stock in the short term. Here I will use the regular October options, specifically October 16th.

I think I misspoke earlier. 45/50 Buy Options Strategy. We can buy this stock at a price of 115. The maximum loss is 115. The maximum possible return is 385, meaning you get a return of 3.35 to 1.