The stock QBTS has experienced notable trading activity and bullish sentiment in recent days. On July 17, 2025, QBTS surged by 7.8%, accompanied by growing bullish sentiment on Stocktwits. Traders highlighted a "monster breakout" and anticipated a move toward the "blue sky" price level, a term used to describe a breakout above previous resistance. Throughout the following days, QBTS showed attempts to sustain this breakout, with some pullbacks and retests of key technical levels such as the exponential moving average (EMA). By July 21, traders confirmed the "blue sky" breakout, viewing dips as buying opportunities and maintaining a positive outlook. The stock continued to tighten and prepare for additional upward moves by late July. Concurrently, the QQQ index faced pressure but managed to hold critical support lines and bounced off the volume point of control (VPOC) level, stalling near the top of the day's value area by July 29, 2025.
$QQQ bounced on VPOC takeout now stalling at top of today's Value Area https://t.co/lmOqxg0sBX https://t.co/wWI5jVk1kg
$QQQ bouncing off the line https://t.co/d8fRIibVs2
$QQQ trying to bounce after 5m VPOC takeout https://t.co/YY0rUnXoK3