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.
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4 Hour MACD is also crossing.
If it goes up, as usual the market will create the most pain for most people.
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I am PUMPED for MOONSCAPE
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Anyone actually seen any positive articles on this Moonscape lately?
Nice charting.... revolutionary and disruptive technology. Long!
TWTR_TraderChris
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@Chartguru1, yes ... question is when will they have production. Many say 3-5 years. That the same technology that AAPL is investing on. It will go into production in cell phone or other hand held first. Then sometime later, laptops and finally EV cars; which QS is targeting. I know there's some excitement from NIO's announcement and also I believe there was some blurp on Toyota looking into this tech back in Dec. Either way, even QS have stated, it's about a 5 year timeline. So all that goes on with this stock is all speculation. That said, Did anyone buy TSLA when they first went on NASDEQ? haha