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QuantumScape CorporationQuantumScape CorporationQuantumScape Corporation

QuantumScape Corporation

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QS trade ideas

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
Quantum time? Buy during the fear? Man up?Technicals -63% decline from ATH -Daily Red 9 (exclude the random 1 off green counts) -4 hourly red 9 buy signal -falling wedge pattern. Fundamentals -Quick extreme change in emotional sentiment, from +50 Billion dollar darling innovative company that was worth every penny of the valuation, to all of a sudden 60% drop, and all the recent articles be like hey, 20 Billion dollar company? thats way too over valued. Literally weeks apart. I was stopped out the last drop But the believer within me is now growing again. I'm setting a side an amount I'm happy to lose, and buying This stock. Buy and Hold and not look at the charts for a while. Because Buying during mass fear (I've never seen so much fear in a stock, maybe Nikola level.) Even a scam like Nikola with all the fear gave amazing 60% bounces Multiple times. I'm thinking the same with Quantum Scape (they are likely a legit company, although it seems they don't have a prototype of the sort everyone was expecting. I mean a watch size battery? lol, as Biden would say, COME ONE MANNN ) Set the amount you wish to risk and lose, and buy this stock. It should be rewarding.
NYSE:QSLong
by TraderGG100
LONG QS quantum scapeThis company is not known but Bill Gates is a major investor! The battery that quantum scape has is a major breakthrough in the EV battery market and these guys have the potential like Tesla to go 7X to 10X over the next 12 months. This unknown American car company is now the 2nd most valuable car company in America with a 17 Billion doallar market cap! look at the put options and you will see that no matter how high you buy the put you cannot make money below $48 so this is their bottom. If shorts or puts close then that couls change but it looks very strong for a bounce from here to the $70 zone and is likely to hit an All time high this year. The first earnings ever will be reported on Feb 2nd 2021 and that is when the holders who have 100 million plus will have to disclose for the first time publicly their holdings and once that happens this stock has the high chance of an all time high into the $130's. Their battery is being called the tesla KILLER! check them out on the web page.
NYSE:QSLong
by FLASHGORDON10
10
Quantumscape Anytime Now. Mass Fear is still ongoing. 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.
NYSE:QSLong
by TraderGG100
2