caldooninvestment

QunatumScape - Good Buy Opportunity

Long
NYSE:QS   QUANTUMSCAPE CORPORATION
The managing director of Morgan Stanley , Adam Jonas recently put a target price of $70 for QS .
-QS has a game-changing solid-state cell technology for EV batteries.
-Their patented ceramic separator gives a higher energy density while keeping the costs low.
-Battery safety and charging speed are also looking strong.
-It is pretty clear that it has developed a descending triangle after a run-up that stands bullish . During our analysis, we have found that at the current price the volume is higher than usual and it looks like QS broke-passed the descending triangle which again, looks bullish .

Our Trading Recommendation:
-Keeping in mind that they still don't have sales and a fully developed product, and based on their statement they will plan to build a production factory only by 2024 if their batteries will be successful.
-Options trading would be risky at this point as it looks like QS has a long way to go to be profitable and have an actual product on-hand. Options won't offer you that much time.
In the Long-term, we feel bullish about this stock. We see the current price as a good entry and would suggest keeping it for at least a year.
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Comments

I was trying to figure out who told me about $QS, thank you!
+1 Reply
@MintDiamond it is our pleasure MindDiamond! We are more than happy to know that our analyses are useful to our community. Thank you for the feedback 🙌👍
Reply
well done with this chart, I totally agree with this chart pattern!
+1 Reply
@FXtrades-gp It is our pleasure dear!
Reply
amazing Caldoon :D
+1 Reply
caldooninvestment TheSignalyst
@TheSignalyst Thank you!
Reply
Nice triangle.
Thanks for sharing
+1 Reply
@OptimoomFX, Thanks!!
Reply
Love the simplicity!
+1 Reply
caldooninvestment profitalztrading
@profitalztrading, Appreciate your kind words!
Reply
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