QS trade ideas
$QS Before ERIf this move on QS is essentially another Wave 1, and that we've already completed counts A-C, then ER should be the perfect catalyst to create this trend. Fundamentally, QS is dealing with many lawsuits, but should they post good numbers and forward guidance, then this pitchfork's formation is in play.
Quantumscape earnings today at 4pmVery little data on QS earnings expectations today at 4pm. From what I can find, the expected earnings are all projecting a loss of -$EPS. QuantumScape is an American company that produces solid state lithium metal batteries for electric cars. The company is headquartered in San Jose, California and employs around 200 people. Investors include Bill Gates and Volkswagen. QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. In 2012, QuantumScape began working with German automaker Volkswagen. In 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder. In the same year, Volkswagen and QuantumScape announced the establishment of a joint production project to prepare for mass production of solid state batteries. In June 2020, Volkswagen made an additional $200 million investment into the company. On September 3, 2020, QuantumScape announced a merger with the Special-purpose acquisition company Kensington Capital Acquisition. As a result of the merger, QuantumScape received $1 billion in financing, including funding from Volkswagen and the Qatar Investment Authority. At the same time, the company's shares were listed on the New York Stock Exchange under the symbol QS. The transaction was completed in November 2020 and raised capital for the series production of batteries. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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7pt Trading compass:
Price action, entry/exit
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Trend, patterns, momentum
Newsworthy current events
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Earnings
Balance sheet
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Beware of analysts motives
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Morgan Stanley $QS Buy and $70 price targetFor Morgan Stanley’s Jonas, involvement in QS stock comes with high risk, but also high potential reward. In fact, the analyst calls it, "The Biotech of Battery Development."
"We believe their solid state technology addresses a very big impediment in battery science (energy density) that, if successful, can create extremely high value to a wide range of customers in the auto industry and beyond. The risks of moving from a single layer cell to a production car are high, but we think these are balanced by the commercial potential and the role of Volkswagen to help underwrite the early manufacturing ramp," Jonas explained.
Noting that QS is a stock for the long haul, Jonas rates the shares an Overweight (i.e. Buy), and his $70 price target indicates confidence in an upside of 28% for one-year time horizon.
QS BULLS LOOK GOODlooks good, got nice breakout with big bull volume (positioning). Bottommed out and now uptrending on the daily. if not in already, youre looking at entering on the break of last weeks high and good increasing bull volume.
However the stop will be a problem as we dont really have any daily supports nearby. Closest D HL being at 43.41 which is 20% below. Another closer stop loss you can put is at 49.36, which was friday's low and about 10% below current price.
But looks very good for continuation, you jsut have to accept that if consolidation happens you may have to sit through some red before your stop is hit.
So one way to play this could be to enter a double size position on a breakout of friday high and then exit half for some profits straight away, and then let the rest ride.
Rising Wedge Trend Reversal Formation on QuantumScape ($QS)I have been trading stocks for roughly 2 years now and I have been learning a lot more about technical analysis and important chart patterns. This is my first published idea on Trading View so it isn't the best, and I want to get better at drawing patterns on different charts here, so I will publish my ideas so I can recieve feedback and learn from my fellow peers as well. I would love to hear any new ideas or thoughts, as here I have drawn a "classical wedge", also known as a rising wedge pattern. This typically indicates a price reversal, as you notice the uptrend slows down during the formation of the wedge I have drawn. The X marks the final breakout point in QS and the trigger point of the wedge pattern, thus resulting in a downtrend.
QunatumScape - Good Buy OpportunityThe managing director of Morgan Stanley, Adam Jonas recently put a target price of $70 for QS.
-QS has a game-changing solid-state cell technology for EV batteries.
-Their patented ceramic separator gives a higher energy density while keeping the costs low.
-Battery safety and charging speed are also looking strong.
-It is pretty clear that it has developed a descending triangle after a run-up that stands bullish. During our analysis, we have found that at the current price the volume is higher than usual and it looks like QS broke-passed the descending triangle which again, looks bullish.
Our Trading Recommendation:
-Keeping in mind that they still don't have sales and a fully developed product, and based on their statement they will plan to build a production factory only by 2024 if their batteries will be successful.
-Options trading would be risky at this point as it looks like QS has a long way to go to be profitable and have an actual product on-hand. Options won't offer you that much time.
In the Long-term, we feel bullish about this stock. We see the current price as a good entry and would suggest keeping it for at least a year.
