
$INFQ (Infleqtion) Recent Price Action - Technical Traders Perspective
Hey guys,
A lot of bullish momentum right now for $INFQ with huge volume kicking in yesterday and today which could be the start of something bigger.
The stock is currently in a descending trend channel pattern, so if we are to see a bigger breakout the stock needs to completely gap above and fully close above the channel in which a break of structure could cause a squeeze.
If we do see a breakout of this nature I can even see the stock surging to at least back to its all time high of $27.50.
However at the same time, with the open gap created on Tuesday at $11.29 this could be a trap by getting buyers in a these price levels only for the stock to come down and have the gap closed in the future.
All the info and specific price targets/resistances are in the video.
(NFA)
$INFQ Stock Infleqtion | IS INFQ READY FOR A BREAKOUT OR IS A TRAP WAITING!!! | Short Squeeze Review