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QS May Bounce Back From The Current Support Area
QuantumScape Corporation
Long
QS May Bounce Back From The Current Support Area
By KlejdiCuni
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Aug 15
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Aug 15
QS May Bounce Back From The Current Support Area
QS is testing the support area near 5.2 for the fourth time.
From the chart we can see that QS has already reacted 3 times perfectly and may rise again.
The current support area appears to be very strong as long as the price reversed the direction several times.
QS could get ready to go up to 7.8 as a minimum movement.
In a normal scenario, it should increase to 9.4 as it was in the past.
It is better if you trade QS with Call Options and long-term expiration date.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Aug 15
Note
Chart Patterns
Harmonic Patterns
Trend Analysis
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