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Eloquent
May 13, 2021 10:34 PM

it's time [update] Long

QuantumScape CorporationNYSE

Description

qs bounces higher than i expected - solid bull trap. almost hit my downside target perfectly though.

update to:


ps. a move like this will take time, could take a year or two, but if you're looking for a solid long term hold, you can't really go wrong with this one.
Comments
HamedH2
I just bought it here where do you recommend stop loss?
Eloquent
@HamedH2, personally i do 3-4% stops, but since the reward is so high, maybe keep a stop just below the golden area which i have displayed here. if it breaks below 24.39 the next logical area to try and buy it again would be at 17.11.
HamedH2
Interesting risk to reward thanks for sharing
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