QS trade ideas
$QS DailyQS reports ER next week and it finds itself in a strong swing position, ready to test ATH's by the end of March/beginning of April, based on the length that it took to reach ATHs from the lowest point back in October. Stop loss below C wave or wave 2 on the daily, since that would invalidate the trend.
$QS reversal PT 100+closed above the 20 EMA for the first time in over a month
looks to be the end of an elliot wave, looking to enter a new cycle
MACD crossing
RSI approaching oversold position
relatively high short interest
any kind of catalyst will send this flying
levels are 52, 60, then squeeze to the 80 range. ultimate PT within 2-3 weeks: $100+
It looks like a descending triangle to me.Bearish chart pattern used in technical analysis. We need to watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent.
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!
Quantumscape -QS- is this a 200% play? Is it worth the Risk?Quantumscape -QS- is this a 200% play? Is it worth the Risk? In a deep drop golden zone. Not fully confirmed reversal. The Risk:Reward is 1:8. Potential 200% gain? Is it too risky or too good to be true? Price potentially could move from $50 to $150ish. Otherwise stoploss at $38ish. What are your thoughts?
$QS | Falling Wedge Breakout QS broke out of a falling wedge. I expect this to continue higher to 50, 51. Goodluck!
Quantumscape on the breakoutLooking for a retracement to a large gap that was previously left behind on the way down
QS to the Moon Look at what happened on FUBO while everyone was shorting it to the ground. It found support and bounced back same thing happening to QS.. keep an eye out ;)
QSLONG-TERM: Hidden bullish divergence on the daily, at a support. Also broke out of a 1hr falling wedge. (Not financial advice)
$QS 1-2-3 break out!!3rd triangle , will give us break out to 56$-57$ next days or 1-2 weeks !
many days considolation at low prices but the stock is returning back every time..!
ABC BullishPossible stop below 44 or below C. This one went a bit parabolic during it's rally up, so volatility is indicative of a stock who has been parabolic recently. It has retested C several times, if it drops too far below C, I would have a stop in place.
If you wanted to, you could extend the AB leg down and through that gap. The AB leg is already 118.13 where I started the AB leg..C is like a landing pad and if that support is broken it is bad news cos we may have a new C that is lower..just never know..
You can multiply 118.13 by the fib levels .386, .618 and .786 to get your tagets 1. 1 and above, 1.27 and 1.61 are often T2. I just used the built in auto fib on here and have found it is not very correct )o: Sometimes it is good at finding C though. But it is good to practice calculating targets..cos what you gonna do if you do not even have a target in mind?? This should be part of any trading plan and nothing is written in stone. sometimes targets do not come..but when they do, it is rewarding. I feel a lot better getting out with a profit and try not to beat myself up for missing some profit like I did on GSX.,,I sold when it was overbought on daily, weekly and monthly with RSI on 80 for overbought zone. This market seems a bit irrational..teetering..
Long entry is a break of the BC leg with an uptrend and I do not see that yet. You may. Long entry level can be subjective..Price is pretty close to C..if this is indeed C..
Technical analysis is not an exact science by a long shot..Patterns morph frequently..
Someone mentioned this to me so I looked. Thx for the heads up (o:
Not a recommendation
QS is ripe to breakoutDay 1 with potential to follow through, but be aware of overall market pullback.
QUANTUM SCAPE: Follow The Signs Of The MarketNYSE:QS
All information on chart.
Additional ideas posted below, please inspect.
Both Bullish and Bearish Scenarios and Pre-requisites Outlined here
DISCLAIMER: This is not financial advice, DYOR, manage your risk!!.
Although Bearish implications exist, I believe there is much upside to be had from here
$QS Ready for Take OffQS looks very poised for a reversal. Although they wont be in production for a few years they are a major player in developing solid lithium battery tech. The shape of a symmetric triangle makes this stock seem ready to spike. Volume is low right now but as soon as there is any volume up tick this think will be back to 60. My current price target is at 60 on this stock and feel even though many analysts have a sell signal i think now is a good entry point.
Pure technicals - have we found a bottom?This one has been beaten down from its highs. It recently bounced off of the $45 double bottom support and MACD is curling to the bullish side. This is a quick mover and could easily squeeze up to triple digits with the right catalysts. Medium risk - high reward. Long.
