INTERIM UPDATE – Aug 14, 2025
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop up during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist from Global equities that are close to breakout confirmation levels. These charts will be discussed in the weekend report as well.
TECH CHARTS WATCHLIST – SUMMARY OF RICS & PATTERNS IN FOCUS
COLUMBIA BANKING SYSTEM INC. (COLB) – new addition to watchlist
Columbia Banking System, Inc. serves as the parent company of Columbia Bank, which was previously known as Umpqua Bank.—though the brand retains the Umpqua name for now. Columbia Bank operates regionally across the Western U.S., with a strong presence in states such as Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long ascending triangle with the horizontal boundary acting as strong resistance at 25.85 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 26.6 levels will confirm the breakout from the 5 month-long ascending triangle with the possible chart pattern price target of 31.7 levels. The bullish chart pattern can act as bottom reversal. (Learn more: Video Tutorial)
D-WAVE QUANTUM INC. (QBTS) – new addition to watchlist
D-Wave Quantum Inc. (NYSE: QBTS) is a Palo Alto–based quantum computing company, founded in 1999 and publicly listed via SPAC in 2022. It’s the first commercial supplier of quantum computers, specializing in annealing-based systems like the Advantage and Advantage2, plus cloud services (Leap), open-source software (Ocean), and application onboarding (Launch). D-Wave serves Fortune 2000 clients in optimization, AI, logistics, and materials science, and is the only firm developing both annealing and gate-model systems. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 19.9 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 20.5 levels will confirm the breakout from the 3 month-long head and shoulder continuation with the possible chart pattern price target of 26.1 levels. (Learn more: Video Tutorial)
