QS Double bottom Price upgrade to 70$ help push this break out. this stock is heavily shorted.
Breakout - yellow line
targets - green line
QS trade ideas
QSSHORT-TERM: This is an updated look at the mid-term trade on QS. The daily hidden bullish divergence is still developing, but the 30min is showing a falling wedge that backtests the previous one, an inverse head and shoulders, and hidden bullish divergence, all at the same area. Please view the daily chart as well to see the macro. (Not financial advice)
QS Moving again QS has found bottom and broken above 200 MA and gaining support,
Looking for a possible retest of support level which will make a great entry towards testing 80
QSSold half my shorter term calls today of course. Action after hours says that was a bad decision. Break of $48 gets you $60 imo.
The Quantum Escape 🚀We must be clear that when it comes to atoms, language can be used only as in poetry.
-Niels Bohr
Bullish Exponentional Indicator Exponentional indicator shows bullish signs for QS on daily chart. best time to buy
$QS | Falling Wedge Breakout: Watch For Continuation Price has corrected since breaking out of the falling wedge. Watch for upside continuation with a breakout.
QS - Bullish patternIf it brakes the channel I expect a push and retest of high levels.
Not a recommendation!
QS potential buy opportunity 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.
QS Breakout of Descending WedgeQS 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+.
QSMID-TERM: Falling wedge breakout, trying to hold critical support area. Daily hidden bullish divergence and .886 retrace. (Not financial advice)
$QS DailyQS 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.
$QS reversal PT 100+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+
