NYSE:QS Hello all, First time puling up the 8hr chart for QS and I must say. I don't like anything about this in the long scenario. Here is the downside charted out. I didn't consider fundamentals in this analysis and this chart is for educational purposes only.
NYSE:QS Quick update for anyone following. Does look bearish but this is QS we are talking about here. Here are some quick levels for everyone. This does look like a short here, however none of my indicators are so not close to producing a signal I would be comfortable acting on.
QS 1st entry triggered at 38.2% retracement at 49.50 Leaps. Look to scale in 2nd entry if QS drops further completing wave (C) at $41. Wave Count Invalidation at 42. QS is a solid-state battery company released data demonstrating that it’s single-layer batter cell could charge in 15 minutes. QS is also using an electrolyte gel, making it more of a hybrid solution...
Although there are many controversial opinions about their battery technology and that they won’t deliver, this analysis doesn’t focus on the fundamentals regarding that. This is simply a TA based approach. Elliot wave Theory: QS have finished a wave 2 correction; it is now ongoing for a 3rd wave up. As long as QS maintains current price and DOES NOT go below...
This EV Company continues to remain very much under the radar due to the main attention being on $QS QuantumScape exploding over $100 the last week. In fact, I think it should be the exact opposite... Microvast should be the EV Battery company exploding. The company is generating revenue $100 Million in 2020 (Nothing Insane), but is already ahead of...
QS is on our watchlist as this solid-state battery company released data demonstrating that it’s single-layer batter cell could charge in 15 minutes. QS is also using an electrolyte gel, making it more of a hybrid solution than a pure solid-state battery, at least for the time being. That said investor interest for solid-state hold the promise of energy densities...