QS trade ideas
Quantumscape vs. Toyota vs. TeslaOn the technicals, I see Quantumscape peeling itself off the floor with perhaps a 1-2 session of shorts covering in some sort of news blitz or meme spotlight, then a descent back to the mid to high twenties. Selling down here at ~$20 doesn't make much sense.
When it comes to the fundamentals and timing on SS batteries, Toyota and Tesla will likely breakaway winners in bleeding edge battery tech in the next few years. VW might be pigeon-holed with QS. Something's odd about this company. They've existed for over a decade yet can't produce a product to buy. They went SPAC, and talked up their power point presentations and then high growth stocks took a royal dump and haven't recovered. QS is cagey, they need to put up or shut up. Right now, they've shut up. And their shares reflect that.
If QS is indeed legit, and they have ground breaking patents that can compete with Toyota (who have the most SSB patents), then QS should just be acquired at these levels. It's a no-brainer VW should buy them out. Batteries are the future of transport and nearly every dam motorized thing, this tech will work in f ing lawn mowers to boats, smartphones, everything. It's just f ing strange they don't use this tech in smaller gadgets FIRST and then make a huge SSB for a car. Ass backwards IMO.
I've made a little money trading around the hot momentum in QS, but this name continues to be obscure and limited on 'solid' (pun intended) bullish information. I currently own 75 shares at ~$48.01 I'm selling into rallies/spikes hopefully near $35+ and appropriating my spec capital back into TSLA and an ARK genomic fund.
GLTA in QS. Possibly a little more pain in this name, but the technicals suggest there will be modest bounce in share price coming if you're bull-trapped like I am. I still think $18 is where it might bounce, but if the name continues to be a ghost town, $12-15 is a fair low water mark as well 🤙🏽
$QS!! 1000% RETURNS... WATCH THIS SHORT SQUEEZE **High Watch Alert**
-Getting into some longs this thing squeezing hard AF here's a few things to look at:
-massive squeeze on the daily meaning we need to look for long contracts
- 15% short float
-above $32.05 is the green light for us but I am scaling into long positions.
-the bounce can possibly take us to new highs but this needs a little more time to pop
-I'm getting in while I have the chance
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.
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!