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Displacement Technology Watch: $QSWith a lot of attention ahead of its earnings report, NYSE:QS had a volatile reaction to the report yesterday, but it is one of several companies vying for dominance in Solid State Battery technology. Auto parts are a niche sub-industry of Electric Vehicles to pay attention to for both short term and long term. From the weekly chart: The stock is building a bottom after a huge speculative run up after it IPO'd and is now in a basing bottom formation. QuantumScape was on the NASDAQ Private Market before it IPO'd. Plenty of banks underwrote it and many Preferred Clients, aka Giant Buy Side Institutions, invested during its NASDAQ Private Placement. So it had a respectable amount of investment money to start moving forward faster. On the daily chart, we can see NYSE:QS had a pre-earnings run that hit resistance which was followed by profit-taking ahead of the report. Pro traders started the run up out of what looks to be a Dark Pool Buy Zone and smaller funds chased, which is often a precursor to a volatile earnings reaction. The stock has a low Percentage of the Shares Held by Institutions at this time, which is another factor that contributes to heightened volatility, but it's one to watch as the EV landscape expands.
NYSE:QS
by MarthaStokesCMT-TechniTrader
Thinking of Buying Gold - Long Position - Check out the entry So i have used fib levels to determine my buy setup for tomorrow. FVG is very much present below 1945 mark -Many people would be at 1945 mark with Sl of 1940 -1939, but look at my fib level. Buy from discount price which is 1937-1938 and aim for 1963 as TP2. It can go further , but with Friday being slow and weird, i would stay out if i reached my target of 1963. My chart is very self explanatory for those who have basic knowledge. Let me know your thoughts
FXOPEN:XAUUSDLong
by Subliminalroots
2
EURAUD Buy at 1.6362 (has been trading in a bullish trend since) Setup: The EURAUD is trading in a bullish trend and has recently broken out above the 1.6362 resistance level. Entry: Buy at 1.6362 with a stop loss below 1.6316. Target: 1.6450 and beyond. This trade is based on the following technical analysis: The 1.6362 resistance level was a key level of resistance, and the break above this level is a bullish signal. The RSI indicator is in the overbought zone, which suggests that the trend may be nearing exhaustion. The MACD indicator is bullish, which also supports the bullish trend. The risk to reward ratio for this trade is favorable. The stop loss is relatively small, and the potential profit is significant. However, it is important to remember that no trade is guaranteed, and there is always a risk of loss.
Long
by hannyfx20