Q2SC34 trade ideas
Quantumscape Anytime Now. Mass Fear is still ongoing. Reasons to buy.
Mass fear ongoing with the lawsuit.
Pretty much every indicator is a high sell.
Wall street Journal says 3 reasons to stay away from Quantum scape.
Technicals:
64% decline
50 day MA support
0.7 Fib support
Triangle formation with narrowing - break out anyday now
Gap at $85 Target
Risk rewards is 50% to the upside vs 5% stop loss to the downside (narrowing triangle. reduction in volatility makes the bet less risky and more rewarding.)
So whether you bet up or down you should take the bet.
I'm betting up though. Good luck all.
QS over 60.00QuantumScape is an American company that produces solid state lithium-ion batteries for electric cars that has run with recent EV-mania. Over the breakout level should see another pop. Currently price is wedging and fighting to base over the VPOC. More conservatively, can wait for a breakout over 74.50.
Dunnobut will find it's place
maybe too much too fast..so now paying the price
Possiibly a bit parabolic but that is the buyer's fault and not the stock's fault..it is like the market went nuts..like it does sometimes..
Folks got a bit too excited..
so maybe chill and see where a good long entry may be...these type of patterns can be a bit unsettling for a while
But gap lows and highs are often a good place to start
$QSAlmost the same setup as $FUBO. i will be opening my position once the price comes down to my (POI). Or start taking small positions and keep stacking as it goes down towards our (POI) but the stoploss should strictly be under the
zone no ecxuses because we need to protect our capital or minimize our loss. Leave some cushion though. Market has brain of its own it can throw all kind of curve balls.
Goodluck all and Trade Safe.
Quantumscape is a Buy. Max Greed when others are in max fear. Many reasons to buy. ignore the news.
Maximum fear due to court issues / performance issues etc, like after literally pumping 10x like crazy within a month.
Technical points
- 50 Day MA support
- 0.713 fib support
- double bottom formation
- %60 drop from all time highs within 2 weeks.
I expect a 'fear rebound' and probable outcome is the gap close at $83
$QSFundamentals 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