QuantumScape 25% premarket today - EV BATTERY MAKER BLOW OUTSo, we have the battery maker - Formerly Kensington Capital -SPCE company.
with the lithium metal batteries development for EV - this stock EXPLODED in the last month, i will not expand here about their innovative technology as its irrelevant after this rise i want to explain the technicals which are very relevant for today and this week in general
so, we are looking at a huge volume surge and a very strong first stage of the impulse wave -the stock is very extended and premarket today is 25% UP!!! huge!
Pay attention to the POC (point of control) pointing to the 50$ line on an hourly chart (image below ).
expect the correction to be towards the 60$ line TODAY - so if you are holding the stock, I would say STRONG SELL cash out on profits and jump back in after stage 2 of correction
we still have a lot of upside here -and this stock in my opinion will cross 125 by FEB 2021!
so, to sum up:
Exit trade today -limit order premarket take profits and RUN!
Re-enter at the 55 -60$ line after correction and take it all the way to 85$
this stock in a long term is a HOLD and it will make us much more money i believe so stay on it and stay tuned :)
Trade safe and happy holidays!
