Cblast1

QS Parabolic Move Coming

Long
NYSE:QS   QUANTUMSCAPE CORPORATION
If current projection holds 165 by end of May.
Invalidated below 49.16

Comments

any thoughts now?
Reply
BrunoMarcel superhumankm
@superhumankm the idea still intact until he lost 49.16. Just need time to let it develop
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superhumankm BrunoMarcel
@BrunoMarcel, The support has broken it seems
Reply
BrunoMarcel superhumankm
@superhumankm, depends of what time frame you use
Reply
BrunoMarcel superhumankm
@superhumankm, bear volume isn't significant yet, Reacting to the weak market
Reply
Ajax-Big BrunoMarcel
@BrunoMarcel, There's almost no volume for this super bearish move, overall market weakness and blowoff are definitely the sole reasons.
Reply
BrunoMarcel Ajax-Big
@Ajax-Big, I agree but we will need some time to let the next pattern to develop
+1 Reply
Ajax-Big BrunoMarcel
@BrunoMarcel, Cup and handle seems most likely barring any drastic bounces in the next day/week. I'd keep a pt of 60-70 to be optimistic at the end of a cup/handle in mid march. At the very least we can probably say that 44-43 is a very solid support seeing as QS has bounced intraday off it multiple times and over the course of the past 2 months.
Reply
Volume has really dried up very quickly and rsi is at a reasonable level too. It's gotta break through that 64-71 barrier if its got a shot to gap up to 80+ by mid-march imo. Here's hoping man.
Reply
@Ajax-Big, YOU ARE ABSOLUTELY CORRECT -- VERY GOOD MATE
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