QuantumScape | A Potential Triple Bottom

QuantumScape is an American company that does research about solid-state lithium metal batteries for electric cars.
The company is headquartered in San Jose, California, and employs around 400 people.
Investors include Bill Gates and Volkswagen

On September 3, 2020, QuantumScape announced a merger with the special-purpose acquisition company Kensington Capital Acquisition. As a result of the merger, QuantumScape will receive $1 billion in the financing, including funding from Volkswagen and the Qatar Investment Authority.

On April 15, 2021, hedge fund Scorpion Capital announced their short position in the stock, accusing the company of being a pump-and-dump scheme.

So this is some small information.

Technical Analysis:
The price looks like it is completing a type of Tripple Bottom pattern.
This pattern will be confirmed as long as the price will break out of 17.77

A normal target for the triple bottom is the distance from the bottom to the neckline of the pattern.
However, I would like to take some profits on the way with this stock.

Thank you and Good Luck!

Trade closed: target reached: