QS LONG entryI think an entry of $22-24 per share of QS with intentions to hold long term and take profits on the way up may be a good idea.
QS trade ideas
more room to bleedI own 75 shares at the moment, bullish on a 5+ year timeline (or until VW takes another direction or shares rip to $100 this year becuase it's not worth $80 either, maybe $65 max). There's about 20-30% below these levels for this thing to churn and sell off. Making SS batteries sounds like a precarious pain in the ass, and there's zero mass production taking place here. For some time, years in fact. Dead money until they release reports on the 10-12 lithium layer cake.
QS share lockup 4/24, that's a Saturday btw. Highly speculative play. QS share lock up. I'm not gonna go into the DD, but basically EV SPAC scam. Read the short report by Scorpion Capital. Also no prototype, no product, no revenue lol. It's all research and theoretical rn.
Smaller time frames seem to be picking up momentum. I would buy puts on a green day like today's 4/21 8%. It can prolly run up to $35, $40 is hopeful.
2HR the 20SMA has been acting as resistance.
2HR and 3HR have started a MACD cross over
3HR and above show the RSI making lower lows.
Crashed hard under $40. Doubt it can go back up that high.
$35c 4/23, then switching to poots. Just watch out for the early drop.
QS could renounce off weekly EMA 20 to test 71 levelSupport is around 40 area. Good risk reward setup.
Size small as if it rejects and breaches EMA, lower lows in sight.
QS - Broke 40$ Levelafter the short report, QS is looking very bearish
stop at red line
target at green line
Inverse Head and ShouldersLong entry level is a break of the neckline with an uptrend. So there is a ways to go by rules of this pattern. Short interest is a bit over 7%.
Negative volume is low. There looks to be a cup forming on hourly.
The head and shoulder bottom pattern occurs during a downtrend (there has to be a downtrend to reverse as this is a reversal pattern), with the left shoulder being an additional lower low for the downtrend. (In other words, the security in question looks pure awful )o:
The first peak after the left shoulder is just another expected short-term retracement upward in a ongoing downtrend. From there prices continue moving downward and make yet another lower low which creates the head. So far the inverse head and shoulders pattern is not a head and shoulders pattern at all. The head is just a lower low. Then things change if the pattern is really an inverse head and shoulders. Price fails to make another lower low, but makes a higher low. IE, the right shoulder is higher than the head. This is where those who have shorted the security in question, may become concerned.
The neckline is resistance and is a line drawn connecting the shoulders. The neckline can slope. This one looks to be pretty much a straight line. The 2 shoulders need to be close to the same level. Not exactly the same level. In this case, if this does not continue downward, the left shoulder is 40.62 and the right is 40.52. If there is another low that is lower than either of these then I would exit the trade. Hypothetically, if one were to enter this trade now, (which is againt the rules (o: or say you already were in this, then the lower shoulder would be a good stop. This is hypothetical and meant to emphasize the importance of no further bottoms forming (o:
There can also be a complicated inverse head and shoulders with multiple bottoms as well. Some say a higher right shoulder in relation to the left shoulder is bullish. Also, the larger the price decrease leading to the structure can lead to a greater reversal. You can project the height of the structure upward from the neckline to get a ballpark guesstimate of where price may go.
Inverse head and shoulders do well as a rule in a bull market (If that is what we are in) Head and shoulder tops perform less than fantastic in a bull market. A head and shoulders top in a bull market, may never get through the neckline, or if it does, bounce right back over it after a short downtrend. I have sen several head and shoulder tops appear to fail recently. The opposite is true in a bear market.
The 100 moving average is sloping up ever so gently but the 50 is sloping down and crossed through the 100 within the last few days which is bearish. Price appears to be trying hard to get above the 50 MA. Price living above the 50 MA is definitely a step in the right direction.
Not a recommendation. Earnings 5-18.
Long entry before a break of the neckline can be hazardous to your health (o:.
$QS in serious troublewoof. good luck to longs. support pounded over multiple weeks finally gives way on a short report. dropped into the volume void. no business done there so an auction to $20 seems likely.
virtually all post deal SPACs with no revenue are reverting to $10 area so $20 may be a gift.
$QS in a reversal pattern here$QS inside a falling wedge formation, expecting a drop further down towards support area. High sell volume is good to establish new buy pressure.
Support: 25
B/O: 38
Short Term Target: 52
Short Term Target 2: 71
Buy at $25? (Quantumscape) With the combination of a bearish pendant and scorpions short seller report, Quantumscape is heading down. Let's see if we get some clear buy signals. Good luck!
QS Bearish Pennant Pt.2I posted yesterday that QS would look ugly if it fell below $40.5, retesting March lows and looking for a long entry soon.
QS - Bearish PennantIf QS falls below 40.5 it doesn't look too good, it may bounce and I'll look to enter a long position when the price falls to the March 30th lows.
flushing weak hands this week.promising tech, I like Jagdeep as their CEO, seems fairly forthright and optimistic about their achievements, I have 50 shares and a worthless 55 call option that broke down awhile back..But here & now the sellers are massacring the weak hands on full public display here. I think it bottoms at $33.50, then bounces solidly from there barring lockup expiration, another offering, etc.. I'll be accumulating another 50 shares sub $34... we'll see how much the puts cost if we see bone head buyers come in tomorrow to accumulate on this fake-out ledge. A vertical put call an interesting idea I'll be lining up toward the end of this week if it continues this predicted falling knife movement.
BullishQS took a big pullback the other week when they announced a public share offering, however, QuantumScape Corporation additionally recently announced it has successfully met the technical milestone that was a condition to close for the investment of an additional $100 million by Volkswagen Group of America Investments, LLC ("VW") into QuantumScape. Has Support at the $48.13 level as well as the .786 fib level which makes for a very strong support. Biden's clean energy infrastructure bill should also benefit QuantumScape. Bounced off the 200day MA on the 6month chart while Bollinger Bands are simultaneously squeezing.
PT1- $54.50
PT2- $60.12
QS 1DLast week, QuantumScape began a public offering of 13 million Class A common shares. Offering usually have short term negative effects, but can be beneficial long term as a company can use the offerings revenue to grow.
“QuantumScape intends to use the proceeds from the offering to build a larger QS-0 pre-pilot line than recently announced; to cover its full share of equity contributions to its joint venture with Volkswagen for the previously disclosed 20-gigawatt-hour expansion of QS-1 joint manufacturing facility;" and for working capital and general purposes.
QS has been trading in a pretty easily recognizable channel between neckline, and support line. Support line also falls on the .786 fib level which makes it even stronger of a support. Can swing trade this play from support to resistance, or look to wait on a resistance break to then start a position for a swing trade. QS is also a company that can benefit from Biden's infrastructure plan, as they focus on building EV batteries, hydro batteries and research on these new technologies. Biden's plan involves 100s of billions to go towards researching these technology that could benefit QS.
$QS Bounced off strong support#QS This is a fantastic chart! Bouncing off strong support coming off a recent double top. Lots of room to grow.
QS dangerous speculatingHi everyone, today I want to talk about QuantumScape Corporation.
That is company, which works and producing with lithium-ion batteries. She exist less then 5 years (very young).
At now it is dangerous company for investing on a long period of time and it needs to wait more then 2 years to see what will happen.
From other hand, QS made an agreement with VolksWagen about producing of improved batteries, so VW is not investor, but customer.
And interesting moment - VW bought 15,2 mln shares of QS - it can show about future of QS, but it still needs to watch.
That can cause sharp rising of QS stocks.
$QS PT 64-70 and higher...Long Term InvestmentsQuantumScape Corporation, a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.
QuantumScape Jumps on News Volkswagen Will Invest $100 Million
QuantumScape (QS) - Get Report shares soared Thursday, after the electric vehicle battery maker said it met conditions for Volkswagen (VWAGY) to invest another $100 million in it.
“The milestone required Volkswagen to successfully test the latest generation of QuantumScape’s solid-state lithium-metal cells in their labs in Germany,” QuantumScape said in a statement after the close on Wednesday.
“This will be the second and final closing under the May 14, 2020 stock purchase agreement between VW and QuantumScape that provided for a total $200 million investment," QuantumScape added.
QuantumScape recently traded at 50.94 It has skyrocketed 420% over the past year amid investor mania for all things electric vehicle-related.
"We are pleased to report that the QuantumScape cells met the technical milestones in our labs in Germany that we had previously agreed upon," said Frank Blome, head of the Volkswagen Group’s Center of Excellence Battery Cell.
"Achievement of this milestone is an important step for QuantumScape and we look forward to receiving and testing subsequent generations of cells, with the goal of getting solid-state technology into series production," Blome noted.
Last week, QuantumScape began a public offering of 13 million Class A common shares.
“QuantumScape intends to use the proceeds from the offering to build a larger QS-0 pre-pilot line than recently announced; to cover its full share of equity contributions to its joint venture with Volkswagen for the previously disclosed 20-gigawatt-hour expansion of QS-1 joint manufacturing facility;" and for working capital and general purposes.
On Feb. 17, the stock jolted higher after QuantumScape revealed a breakthrough in its battery technology and after billionaire George Soros’s investment firm disclosed a stake in the company.
QS - LONGI anticipate for most lithium companies to experience some gains after Biden's "Infrastructure Plan"
news.yahoo.com
Big day for QuantumScape coming up!We have to hold above the lower support line of this symmetrical triangle.
If we close below it on the daily, then we can expect to go even lower (the price target for the break down is very very low).
If we hold and end the day green, then we'll likely stay within the triangle, and move closer towards the 50d MA, which is when I would flip to bullish.
Watch carefully.
$QS💰 Bat pattern $QS for a follower, i hope this helps, I had no plans left to share yesterday, so here it is, ALL my post are market pending, if they market gets smoked most will fail, keep that in mind, take profits adn move stops up accordingly. Be familiar w market breadth adn trade accordingly.
