Reasons to buy.
Mass fear ongoing with the lawsuit.
Pretty much every indicator is a high sell.
Wall street Journal says 3 reasons to stay away from Quantum scape.
Technicals:
64% decline
50 day MA support
0.7 Fib support
Triangle formation with narrowing - break out anyday now
Gap at $85 Target
Risk rewards is 50% to the upside vs 5% stop loss to the downside (narrowing triangle. reduction in volatility makes the bet less risky and more rewarding.)
So whether you bet up or down you should take the bet.
I'm betting up though. Good luck all.
Mass fear ongoing with the lawsuit.
Pretty much every indicator is a high sell.
Wall street Journal says 3 reasons to stay away from Quantum scape.
Technicals:
64% decline
50 day MA support
0.7 Fib support
Triangle formation with narrowing - break out anyday now
Gap at $85 Target
Risk rewards is 50% to the upside vs 5% stop loss to the downside (narrowing triangle. reduction in volatility makes the bet less risky and more rewarding.)
So whether you bet up or down you should take the bet.
I'm betting up though. Good luck all.
Note
4 Hour MACD is also crossing. If it goes up, as usual the market will create the most pain for most people.
Note
I am PUMPED for MOONSCAPENote
Anyone actually seen any positive articles on this Moonscape lately?Note
Ok. Stopped out at a 8% loss. My bad.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.