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

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