The daily chart
shows the price action moving between the 25smma and the 50smma. The 50smma should act as support, the logic behind this trade is to enter at the 50smma and look for a break out, or at least a good entry since sideways movement could also be expected. Keep in mind that this is a very speculative, scientific driven investment involving complex physics like solid fluid states of matter and the use of these materials to drive technology forward. This company though it just had a major breakthrough it still may be many years from real production. Another case for a guy is an acquisition but a large automaker.
With that being said on close examination of the ev
market, many tickets are exhibiting signals for a potential breakout. This may mean the entire market may be ready to rally as its predicted that has power cars will become a liability rather than an asset for automakers.
Singh says that QuantumScape’s battery is the kind of step change in performance that will push EVs
into the mainstream. He’s not the only one
who thinks so. The company counts Bill Gates and Vinod Khosla among its investors, and several battery barons, such as Tesla
cofounder J. B. Straubel, sit on its board of directors.