LONG on Quantum Scape once wave 2 is confirmedWe 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 misrepressenting their products abiliries so if you bouight any of this stock in December of 2020 you can join one of multiple class action lawsuits being filed. I think they will try to get the price back up over the next two weeks and if the earnings are what I expect the price could come back to the $60-$70 range and that will pretty much wipe out the complainers who bought in at $77. If I they don't then their plan is to release bad earnings and drive the stock down to $30 and use the money shorting this stock to pay the lawsuits and fines. As always it's a win win for the rich and scandalous. BILL GATES IS A MAJOR BACKER OF THIS PONZI SCHEME TO DUMP THE PRICE. VW IS ALSO THE OTHER MAJOR BACKER . QUANTUM SCAPE IS JUST THE BATTERY MAKER AND VW IS SUPPLYING THE BODY AND FRAMES AND SUCH. EITHER WAY WE HAVE 2 SCENARIOS DOWN TO $30 OR UP TO $47 IN THE SHORT TIME FRAME AND MAYBE HIGHER IF WE GET A CONFIRMED 12345 IMPULSE WAVE. BUT IF WE GO INTO AN ABC THEN EXPECT MORE BLOOD!
QS trade ideas
Quantumscape -QS- is this a 200% play? Is it worth the Risk?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?
ABC BullishPossible stop below 44 or below C. This one went a bit parabolic during it's rally up, so volatility is indicative of a stock who has been parabolic recently. It has retested C several times, if it drops too far below C, I would have a stop in place.
If you wanted to, you could extend the AB leg down and through that gap. The AB leg is already 118.13 where I started the AB leg..C is like a landing pad and if that support is broken it is bad news cos we may have a new C that is lower..just never know..
You can multiply 118.13 by the fib levels .386, .618 and .786 to get your tagets 1. 1 and above, 1.27 and 1.61 are often T2. I just used the built in auto fib on here and have found it is not very correct )o: Sometimes it is good at finding C though. But it is good to practice calculating targets..cos what you gonna do if you do not even have a target in mind?? This should be part of any trading plan and nothing is written in stone. sometimes targets do not come..but when they do, it is rewarding. I feel a lot better getting out with a profit and try not to beat myself up for missing some profit like I did on GSX.,,I sold when it was overbought on daily, weekly and monthly with RSI on 80 for overbought zone. This market seems a bit irrational..teetering..
Long entry is a break of the BC leg with an uptrend and I do not see that yet. You may. Long entry level can be subjective..Price is pretty close to C..if this is indeed C..
Technical analysis is not an exact science by a long shot..Patterns morph frequently..
Someone mentioned this to me so I looked. Thx for the heads up (o:
Not a recommendation
QUANTUM SCAPE: Follow The Signs Of The MarketNYSE:QS
All information on chart.
Additional ideas posted below, please inspect.
Both Bullish and Bearish Scenarios and Pre-requisites Outlined here
DISCLAIMER: This is not financial advice, DYOR, manage your risk!!.
Although Bearish implications exist, I believe there is much upside to be had from here
$QS Ready for Take OffQS looks very poised for a reversal. Although they wont be in production for a few years they are a major player in developing solid lithium battery tech. The shape of a symmetric triangle makes this stock seem ready to spike. Volume is low right now but as soon as there is any volume up tick this think will be back to 60. My current price target is at 60 on this stock and feel even though many analysts have a sell signal i think now is a good entry point.
Pure technicals - have we found a bottom?This one has been beaten down from its highs. It recently bounced off of the $45 double bottom support and MACD is curling to the bullish side. This is a quick mover and could easily squeeze up to triple digits with the right catalysts. Medium risk - high reward. Long.
QS has more potential than media reports See there is a Gap Down thats needs filling and a Diamond Bottom. I see huge upside coming. the sell of has finished and media has no idea what their talking about especially fu**en writing editors from Seeking Alpha; biggest fake news people. I dont care what you say!
Such article like Seeking Alpha Can make accusations when with Solid State Batteries have no future when Lithium Ion Batteries are have exploded, and catch fire. Conventional lithium ion batteries are made with more than ten times the metal that is needed for the battery to function, because the extra strength is needed to process the electrodes through the coating operations. This means that when there is a manufacturing defect, even a tiny one, there is enough metal to deliver all of the energy of the battery into the defect in a very short period of time, raising the local temperature by hundreds of degrees.
This error is compounded by the use of separators made from plastics with a low melting point such as polyethylene and polypropylene. When that heat is delivered, the separators can melt and shrink, increasing the size of the short and allowing the electrochemical reactions that lead to thermal runaway, fires and explosions. Yet we use lithium ion batteries to charge our cell phones and cars and what not. Seeking Alpha claims "There science is good technology, but the there are associated risks to Solid State batteries"! The article also said the Solid State battery is a pouch technology when the technology has no pouching considerations to use a conduction form of energy use as viable when designs have a battery pack would contain better driving range, faster charging time, longer life, safer operations, and lower costs, which a HUGE threat for lithium ion!
FundaTecho Analysis | QS Reversal, PIPE Driven Selloff Complete?QuantumScape is the golden grail of lithium batteries, being the major player in developing solid state battery tech. It also has established names behind it such as Bill Gates and VW with a 35% stake. This working partnership allows us to overlook their dismal revenue forecasts as profitability will follow what is set to become a game changer in many industries beyond EVs.
QS has dropped significantly in price since December and is currently in the zone for a reversal. The biggest risk that traders face from SPACs is the wave of shares that are added to supply once the typical lockup period has expired, however a savvy trader also knows that this info can be found in the S1.
Every SPAC completes its acquisition and share offering on different terms, for QS the main PIPE share lockup expired the earliest possible due to elevated price levels out the gate. The bearish pressure is additionally compounded by traders that enter short positions in anticipation of the lockup period expiration.
For technicals, we saw the price momentarily wick down to fill a gap from December 8th at $44~ before quickly being bought back up to the current support at $48, which also coincides with the ichimoku cloud on the daily. Accumulation is nearing an end as price fades out of the downtrend from the ATH and into the daily cloud.
Price targets:
$84 gap fill
$106
$131 (ATH)