QS Long - Fibonacci TradeDaily Chart - Swing Trade - Fibonacci Retracement Strategy
QS retraced significantly from its ATH and is currently consolidating at the Point of Control (POC) also a Demand Zone right around $50.00. ADX is below 25, meaning QS is not trending right now. You'll notice on the left that the fib retrace level shows, just over 78.6% price retraced, which is big and a good opportunity to take a position for this kind of strategy when the price moves up to retest that Supply Zone in Purple.
MACD crossed so we should see some price action to the upside. RSI is good, not overbought, not oversold.
Earning was today and was... o k.
Looking long term QS has potential with the solid-state battery technology for EVs.
This was the first significant retrace and I've taken a position on this trade with a target of 150%.
I am speculating but maybe by mid-summer, we could see this.
Trade at your own risk. This is not financial advice. I am not a financial advisor.
Q2SC34 trade ideas
Falling Wedge- BullishQS has been in a downtrend for quite some time now but is forming a massive falling wedge (bullish). QS has strong resistance at the $32.74 level as well as the $39.27 mark. Bollinger bands are also squeezing and buyer volume is starting to pick back up as we've been seeing a general rotation back into growth stocks in the market. Will be looking for QS to break out of this falling wedge.
PT1- 31.04$
PT2- 37.56$
QS Harmonics: Long-Haul Easy Trade!QS appears to have created a rather larger bullish-bat harmonic which has just bounced at the key level of 23.76. Here, we are attempting a late entry, using a very small bullish-bat pattern (small red pattern) for a long trade up to the 0.382-0.618 retracement level, if not higher, as the new pattern unveils itself. I suspect the new pattern to be a cypher pattern, half-built into the side of the preformed price structure; therefore, I placed the 0.786 retracement level on the chart as well. The entry price is one penny above the blue line, while the stop-loss is exactly at the red line. I am allowing more room for the stop-loss here because of the size of the reward for getting this trade to go through and because the price structure formed in this area shows that this would be a generally safe place to minimize loss. Good luck, trade safe, and let's make that money!
Falling Wedge patternA huge Falling Wedge appeared on the daily chart.
It looks like it will break out in the coming days.
Multiple signs suggest a bullish continuation such as the price closing above the 20 EMA and P-Pivot.
Rising RSI, strong MACD etc...
Stop loss: 25.76
Next resistance: 34.09 and 42.32
$QS PT $32 (up to $39) [End of Year]There has been a lot of negative media around $QS but this is because they adjusted their approach to developing those batteries, transitioning to a safer and more practical method of battery development. With that said, QuantumScapes CEO stated in an interview on April 28, 2021, that his firm expects to have major deliverables by the end of the year.
Fundamentally, $QS is a sound start-up that continues to meet milestones; financials and operational cash-flow is healthy, suggesting higher intrinsic value than what is present. There is much more information but for the sake of time, they are meeting the major criteria to be considered a quality stock.
Technically, they have stepped into accumulation phase with buy signals coming from the bollinger band, oscillators, RSI, and MACD. As well, volume depletion has weakened, suggesting that buyers will re-enter the market soon!
Happy Investing!
Watch 786 trigger level for hard bounce on this Cypher We are locked an loaded, watch 786 close, Story stock so we truly never know, playing patterns folks, 2% risk calls and equity,
###KNOW THE STORY BEFROE PLAYING
seekingalpha.com
BUY 25-26$
STOP 23/23.50$ RISK FACTOR
TP 1 $ AND STOP EVEN 28, TAKE 1/2
TP2 29.50$ TAKE 1/4
TP3 32$ TAKE 1/4
$QS entry PT 24 Target PTs 100-60-160QuantumScape Corporation, a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.