QBTS stock is predicted to have at least 8% downside potential, with profit-taking targets between $26.70 and $27 after confirmation of reversal.
"I see it as an overbought reversal and I see there to be decent downside potential... there's about 8% downside potential. But even if I capture 4% of that, I'd be very happy, especially once we get confirmation. If we get confirmation, I double down on my position and then maybe take profits right around that pre-market support range of around $2670 to around $27."