Get started

QS

LONG on Quantum Scape once wave 2 is confirmedWe got a 13% move to the high of the day and we took an ABC back 4% and now volume is coming in again and I think we will see more action to come over the next two weeks as they prepare to release their delayed easrnings. Always wonder when a company delays earning why and the reason behind it. These guys are being sued by 3-5 different law firms for supposedly misrepressenting their products abiliries so if you bouight any of this stock in December of 2020 you can join one of multiple class action lawsuits being filed. I think they will try to get the price back up over the next two weeks and if the earnings are what I expect the price could come back to the $60-$70 range and that will pretty much wipe out the complainers who bought in at $77. If I they don't then their plan is to release bad earnings and drive the stock down to $30 and use the money shorting this stock to pay the lawsuits and fines. As always it's a win win for the rich and scandalous. BILL GATES IS A MAJOR BACKER OF THIS PONZI SCHEME TO DUMP THE PRICE. VW IS ALSO THE OTHER MAJOR BACKER . QUANTUM SCAPE IS JUST THE BATTERY MAKER AND VW IS SUPPLYING THE BODY AND FRAMES AND SUCH. EITHER WAY WE HAVE 2 SCENARIOS DOWN TO $30 OR UP TO $47 IN THE SHORT TIME FRAME AND MAYBE HIGHER IF WE GET A CONFIRMED 12345 IMPULSE WAVE. BUT IF WE GO INTO AN ABC THEN EXPECT MORE BLOOD!
NYSE:QSLong
by FLASHGORDON10
1
QS - QUANTUM GAINS INCOMINGThis has been a stock that has hilarious rocketed to over $100. I actually had a coworker tell me about this stock, battery hopes, rocketship emojis, and all that. He bought at $100 and sold at $45 today. Hilarious. We don't get attached to stocks here. We are traders. And boy this setup was beautiful. Trading the B waves of exponential run ups are insane, and that's what we got on our hands here. First let's look at the macro view. I think this stock is working on coiling down into an ABC. Now we are looking for evidence of completion of wave A. For this idea, I have 3 price targets in mind. The risk reward is most favorable for target point #1 of $85. I will be selling there and moving my money to the next s*** stock. Here, there is a blaring gap along the way that will want to be filled. I put the fib retrace on an endpoint of $38 which is the premise I am basing this trade around. Low and behold you have beautiful reactions and the other significant fib levels for retracements. Two additions TPs were identified with reasons shown on the graph. Test your luck with those. Next, let's dig into the major price levels I have for completion of wave A. From previous price action I have $45.50 and $38. I entered 70% of my long position at pennies away from the low this morning since I had identified $45.50. The remainder will go in IF we hit $38. If we don't go to $38, I will look for a retrace to enter, but only if trend reversal is confirmed by eliot wave count validation. We have more evidence that the $38 price target is valid. Dissecting wave 5, it becomes a bit more clear. However, it should be noted that we already hit the 2.272 extension of 1 to 2 which is typical target for wave 5's. For this reason, I am 70% into my position. To also comment on why $38 is on the table, it appears that major indices are cooling off. SP500 ES futures have bounced off the top of channel defining this uptrend. AMZN and other tech stocks appear to head into a wave E of the triangle compression. Extra info there, but those are my proxies for this play if it has another leg down. Lastly, let's talk about divergence. It is a leading indicator of a pending trend reversal. You can use RSI, PPO, MACD do, but prefer RSI with the standard presets. You have divergence on all major timeframes now. It will not be invalidated for a move to $38; will only extend it and add more meat to the bone. GOODLUCK s/o Hawk's Nest
NYSE:QSLong
by warrenbudget
23