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!
Q2SC34 trade ideas
QS began trading on the NYSE on friday-49% up!QuantumScape (QS), a battery developer for electric vehicle use, began trading on the New York Stock Exchange on friday following a SPAC merger.
QuantumScape is aiming to commercialize its solid-state lithium metal batteries which it claims provide a greater range, a much faster charge time and are safer and more cost effective than conventional technologies used today.
The company is backed by Microsoft (MSFT) co-founder Bill Gates and Volkswagen (VOW.DE). Former Tesla (TSLA) Chief Technology Officer JB Straubel is currently a QuantumScope board member.
We’re really at the cusp for the beginning of this massive transformation” into electrification of vehicles.
“Whoever wins the battery battle, so to speak, is going to be looking at, in our opinion, a multi hundred billion dollar company,”
“We think that solid state technology is the technology best poised to win this battle over the long run.
finance.yahoo.com