QS took a big pullback the other week when they announced a public share offering, however, QuantumScape Corporation additionally recently announced it has successfully met the technical milestone that was a condition to close for the investment of an additional $100 million by Volkswagen Group of America Investments, LLC ("VW") into QuantumScape. Has Support at...
We have to hold above the lower support line of this symmetrical triangle.
If we close below it on the daily, then we can expect to go even lower (the price target for the break down is very very low).
If we hold and end the day green, then we'll likely stay within the triangle, and move closer towards the 50d MA, which is when I would flip to bullish.
Watch...
$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+...
If this move on QS is essentially another Wave 1, and that we've already completed counts A-C, then ER should be the perfect catalyst to create this trend. Fundamentally, QS is dealing with many lawsuits, but should they post good numbers and forward guidance, then this pitchfork's formation is in play.
Quantumscape QS - Stock - Do we have the patiences for 200% ? This is not financial advice. Fib play for 200%? Early stages? Need more confirmations? We will see in time?
For Morgan Stanley’s Jonas, involvement in QS stock comes with high risk, but also high potential reward. In fact, the analyst calls it, "The Biotech of Battery Development."
"We believe their solid state technology addresses a very big impediment in battery science (energy density) that, if successful, can create extremely high value to a wide range of customers...
The managing director of Morgan Stanley, Adam Jonas recently put a target price of $70 for QS.
-QS has a game-changing solid-state cell technology for EV batteries.
-Their patented ceramic separator gives a higher energy density while keeping the costs low.
-Battery safety and charging speed are also looking strong.
-It is pretty clear that it has developed a...
QS has broken out of its descending wedge... I believe we are starting to enter another uptrend which could bring some really nice upside with it. I have set my price target at $70 but I would not be surprised if price went as high as $80+.
QS reports ER next week and it finds itself in a strong swing position, ready to test ATH's by the end of March/beginning of April, based on the length that it took to reach ATHs from the lowest point back in October. Stop loss below C wave or wave 2 on the daily, since that would invalidate the trend.
closed above the 20 EMA for the first time in over a month
looks to be the end of an elliot wave, looking to enter a new cycle
MACD crossing
RSI approaching oversold position
relatively high short interest
any kind of catalyst will send this flying
levels are 52, 60, then squeeze to the 80 range. ultimate PT within 2-3 weeks: $100+
We got a 13% move to the high of the day and we took an ABC back 4% and now volume is coming in again and I think we will see more action to come over the next two weeks as they prepare to release their delayed easrnings. Always wonder when a company delays earning why and the reason behind it. These guys are being sued by 3-5 different law firms for supposedly...
Quantumscape -QS- is this a 200% play? Is it worth the Risk? In a deep drop golden zone. Not fully confirmed reversal. The Risk:Reward is 1:8. Potential 200% gain? Is it too risky or too good to be true? Price potentially could move from $50 to $150ish. Otherwise stoploss at $38ish. What are your thoughts?
