Q2SC34 trade ideas
QS: Looking to Explore the DownsideNYSE:QS
Hello all,
First time puling up the 8hr chart for QS and I must say. I don't like anything about this in the long scenario. Here is the downside charted out.
I didn't consider fundamentals in this analysis and this chart is for educational purposes only.
QS UpdateNYSE:QS Quick update for anyone following. Does look bearish but this is QS we are talking about here. Here are some quick levels for everyone.
This does look like a short here, however none of my indicators are so not close to producing a signal I would be comfortable acting on.
QS long setup with Leaps QS 1st entry triggered at 38.2% retracement at 49.50 Leaps. Look to scale in 2nd entry if QS drops further completing wave (C) at $41. Wave Count Invalidation at 42. QS is a solid-state battery company released data demonstrating that it’s single-layer batter cell could charge in 15 minutes. QS is also using an electrolyte gel, making it more of a hybrid solution than a pure solid-state battery, at least for the time being. That said investor interest for solid-state hold the promise of energy densities 50-100% higher than those of traditional Lithium Ion batteries. Our research suggest QS is targeting the Electric Vehicle market, look to establish Leaps on QS with expiration 2022.
Going to the 50% retracement level at $72 - first support.Watching for a possible swing entry point as we are neutral on this - waiting to see whether the 50% retracement at $72 will be support and we some consolidation. Bearish divergence on the MACD.
Why QuantumScape Will Give You A 370% ReturnAlthough there are many controversial opinions about their battery technology and that they won’t deliver, this analysis doesn’t focus on the fundamentals regarding that. This is simply a TA based approach.
Elliot wave Theory:
QS have finished a wave 2 correction; it is now ongoing for a 3rd wave up. As long as QS maintains current price and DOES NOT go below 44 USD , the bullcase for 250 USD is still in play. If it breaks 44 USD, thereby the 1.618 trend-based fib extension, it could go very much lower, and we would have a case just like NKLA, where continues lows are being made from that point.
CCI
Looking at the CCI indicator I like to look at levels such as -200, in order to determine whenever to buy a stock. Right now, the CCI is at -233 on the 4H, which makes it a perfect indication for a retrace up.
RSI:
Looking at the 12H RSI we have it approaching the last support it made at 32.15. One could make EW based on the RSI alone, so if we break 32.15 on the 12H RSI, the bullcase is therefore gone. So look for that point of interest.
Overall the stock is on a major black Friday discount, and is a major buy after a -40% correction.
$QS$QS After a historic run, major selling pressure occurred. The price support and not enough buying could bring the price down to $79.49 then $65. It might go up and test $97.89.
great chart! where do we enter in on the dip ?!potential long entry with stop loss at 65 and target over 100. you can see how it consolidated then had more upside after every small downtrend channel broke, so lets wait for this one to break.. create consolidation then we enter long for a scalp! goodluck :)
QS channel trade.. time to buyTrading perfectly.. hit bottom of channel. think it's time for the next run?
Look Below and FailTouched trend line and failed to break
target the other side of balance
this is a highly volatile stock , and pretty fun to watch
abcd daily short looking for a double top and 618 pullback to enter short, stop above premarket high
QS Long on Dips QS is on our watchlist as this solid-state battery company released data demonstrating that it’s single-layer batter cell could charge in 15 minutes. QS is also using an electrolyte gel, making it more of a hybrid solution than a pure solid-state battery, at least for the time being. That said investor interest for solid-state hold the promise of energy densities 50-100% higher than those of traditional Lithium Ion batteries. Our research suggest QS is targeting the Electric Vehicle market, look to buy Leaps on QS heading into 2021with dips into 66-58 range.
$QS Primary Wave 1 complete, Wave 2 ABC correction underwayJust a basic EW count on QuantumScape $QS.
I would look to go long under $73 all the way down to $59.
Primary Wave 3 PT of $240 to $260, time target of end of late March to mid April.
Time targets are NOT exact
