Get started
scratis

$QS QUANTUMSCAPE CORPORATION Falling Wedge Tracking

Long
QuantumScape Corporation (NYSE:QS)  
scratis Updated   
NYSE:QS   QuantumScape Corporation
Trend Analysis Chart Patterns Technical Indicators quantumscape QS
10
4
trendanalysis chartpattern indicator quantumscape qs
$QS formed a huge Falling Wedge and recently tested the Fibo 0.786 level. EMA20 just crossed SMA50 down on 4h chart which confirms bulls have been weak for a while. RSI 14 also declines. Now I have two scenarios for breaking out of the wedge. Either retry Fib 0.786 level or start a new trend now. No matter where it does break, $QS has a potential of minimum $70+ profit per stock. Watch for break out of the wedge and buy on re-test. I don't expect and dip below $29.
Comment:
Seems like we have a breakout trial. Eyes on $53 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.