Quantum time? Buy during the fear? Man up?
Technicals
-63% decline from ATH
-Daily Red 9 (exclude the random 1 off green counts)
-4 hourly red 9 buy signal
-falling wedge pattern.
Fundamentals
-Quick extreme change in emotional sentiment, from +50 Billion dollar darling innovative company that was worth every penny of the valuation, to all of a sudden 60% drop, and all the recent articles be like hey, 20 Billion dollar company? thats way too over valued. Literally weeks apart.
I was stopped out the last drop
But the believer within me is now growing again.
I'm setting a side an amount I'm happy to lose, and buying This stock. Buy and Hold and not look at the charts for a while.
Because Buying during mass fear (I've never seen so much fear in a stock, maybe Nikola level.)
Even a scam like Nikola with all the fear gave amazing 60% bounces Multiple times.
I'm thinking the same with Quantum Scape (they are likely a legit company, although it seems they don't have a prototype of the sort everyone was expecting. I mean a watch size battery? lol, as Biden would say, COME ONE MANNN )
Set the amount you wish to risk and lose, and buy this stock. It should be rewarding.
-63% decline from ATH
-Daily Red 9 (exclude the random 1 off green counts)
-4 hourly red 9 buy signal
-falling wedge pattern.
Fundamentals
-Quick extreme change in emotional sentiment, from +50 Billion dollar darling innovative company that was worth every penny of the valuation, to all of a sudden 60% drop, and all the recent articles be like hey, 20 Billion dollar company? thats way too over valued. Literally weeks apart.
I was stopped out the last drop
But the believer within me is now growing again.
I'm setting a side an amount I'm happy to lose, and buying This stock. Buy and Hold and not look at the charts for a while.
Because Buying during mass fear (I've never seen so much fear in a stock, maybe Nikola level.)
Even a scam like Nikola with all the fear gave amazing 60% bounces Multiple times.
I'm thinking the same with Quantum Scape (they are likely a legit company, although it seems they don't have a prototype of the sort everyone was expecting. I mean a watch size battery? lol, as Biden would say, COME ONE MANNN )
Set the amount you wish to risk and lose, and buy this stock. It should be rewarding.
Comment:
Forgot to mention MACD Just look at that baby