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QuantumScape Corporation
Updated

$QS

1 042
Fundamentals aside, Qs bounced off support and is currently in a bull flag on the 1hour the r/r here seems good if you managed to buy here. If $60 breaks it runs to the top of the channel in which case we could see a golden cross form. If this manages to stay over the flag to the upside we could see a gap fill in which case targets are in play. Dip below and we run into bottom 2 supports and H/S play out.

(High risk, High reward) Use with your own discretion and DD

Trade closed: stop reached
had its fun premarket, went up and hit $60 (top of wedge) but instantly dipped intraday expect more downside, next support may see a bounce.
Note
Bounced off from bottom of flag trendline and is above stop loss, could still be worth trading with tight stops
Note
rejected at $60 again, if we're over it runs
Mike_y
Chart PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTrend Analysis
Mike_y

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.