On the technicals, I see Quantumscape peeling itself off the floor with perhaps a 1-2 session of shorts covering in some sort of news blitz or meme spotlight, then a descent back to the mid to high twenties. Selling down here at ~$20 doesn't make much sense.
When it comes to the fundamentals and timing on SS batteries, Toyota and Tesla will likely breakaway winners in bleeding edge battery tech in the next few years. VW might be pigeon-holed with QS. Something's odd about this company. They've existed for over a decade yet can't produce a product to buy. They went SPAC, and talked up their power point presentations and then high growth stocks took a royal dump and haven't recovered. QS is cagey, they need to put up or shut up. Right now, they've shut up. And their shares reflect that.
If QS is indeed legit, and they have ground breaking patents that can compete with Toyota (who have the most SSB patents), then QS should just be acquired at these levels. It's a no-brainer VW should buy them out. Batteries are the future of transport and nearly every dam motorized thing, this tech will work in f ing lawn mowers to boats, smartphones, everything. It's just f ing strange they don't use this tech in smaller gadgets FIRST and then make a huge SSB for a car. Ass backwards IMO.
I've made a little money trading around the hot momentum in QS, but this name continues to be obscure and limited on 'solid' (pun intended) bullish information. I currently own 75 shares at ~$48.01 I'm selling into rallies/spikes hopefully near $35+ and appropriating my spec capital back into TSLA and an ARK genomic fund.
GLTA in QS. Possibly a little more pain in this name, but the technicals suggest there will be modest bounce in share price coming if you're bull-trapped like I am. I still think $18 is where it might bounce, but if the name continues to be a ghost town, $12-15 is a fair low water mark as well 🤙🏽
When it comes to the fundamentals and timing on SS batteries, Toyota and Tesla will likely breakaway winners in bleeding edge battery tech in the next few years. VW might be pigeon-holed with QS. Something's odd about this company. They've existed for over a decade yet can't produce a product to buy. They went SPAC, and talked up their power point presentations and then high growth stocks took a royal dump and haven't recovered. QS is cagey, they need to put up or shut up. Right now, they've shut up. And their shares reflect that.
If QS is indeed legit, and they have ground breaking patents that can compete with Toyota (who have the most SSB patents), then QS should just be acquired at these levels. It's a no-brainer VW should buy them out. Batteries are the future of transport and nearly every dam motorized thing, this tech will work in f ing lawn mowers to boats, smartphones, everything. It's just f ing strange they don't use this tech in smaller gadgets FIRST and then make a huge SSB for a car. Ass backwards IMO.
I've made a little money trading around the hot momentum in QS, but this name continues to be obscure and limited on 'solid' (pun intended) bullish information. I currently own 75 shares at ~$48.01 I'm selling into rallies/spikes hopefully near $35+ and appropriating my spec capital back into TSLA and an ARK genomic fund.
GLTA in QS. Possibly a little more pain in this name, but the technicals suggest there will be modest bounce in share price coming if you're bull-trapped like I am. I still think $18 is where it might bounce, but if the name continues to be a ghost town, $12-15 is a fair low water mark as well 🤙🏽