D-WAVE: Technical Analysis

Facts:

-currently not profitable

-increasing R&D Investments

-increasing Team and Ressource consumption

-Trend of increasingly improving EPS (Earnings Per Share)

The 1 hour chart shows a consolidation in the last 59 days.

Price range: 13,8 – 19,6$

The slight downward trend was broken on July 17th.

Analysts price the stock at 16$, so at the moment it is overpriced by 2,83$.

The 4 hour chart indicates a soon swing upwards.

The chart shows a periodic movement upwoards with gaining volume.

The period is about 66days, which is due on the 28th July.

Buy – strong Buy recommendation by independent analysts.

I agree with that recommendation,

Despite my belief in a short-term gain to about 25$. I rather think of it as a long-term chance.

D-WAVE is confident that its cash balance ($300 million ), is enough to reach profitability.

With the current developments, I believe that to be in a couple of years (approximatly 2027).

Combined with the increasing R&D expenditure of D-Wave.

I see a good hold till profitability.