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.
I was trying to figure out who told me about QS, thank you!
caldooninvestment
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@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 🙌👍
FXtrades-gp
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well done with this chart, I totally agree with this chart pattern!