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Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
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QS Descending triangle more probable to break down than up.
right at the .5 of this Fib. watching for volume and a break
If current projection holds 165 by end of May. Invalidated below 49.16
Quantumscape Corporation is a "Concept stock" That has dropped off 70% from the all time high of $135. The market cap is currently sitting at $20B and is revolutionizing the battery market safer(not flammable) solid state lithium batteries with faster charge times and longer battery life. On the board sits JB Straubel the ex-CTO of Tesla. His expertise is in...
Wave 2 appears to be completing a double zig-zag correction: 3-3-3. Scenario 2: A break below $55 could potentially result in a regular flat: 3-3-5 with .618 extension at $49.50. If current projection holds, Wave 3 completion price target is $90-100 for March 19th 75C. If Wave 2 completes a 3-3-5 correction, Take April 16th 65C at $50, and 75C on the sub-2...
Price has corrected since breaking out of the falling wedge. Watch for upside continuation with a breakout.
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...
Reversed, now rising. Targets shown.
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...
-Bullish channel H4 -Head and shoulders inversed H1 -RSI's 50% level breakout H4 -Big volumes look at this short time chart : Wait that the price goes back to the green zone.
MID-TERM: Falling wedge breakout, trying to hold critical support area. Daily hidden bullish divergence and .886 retrace. (Not financial advice)
wow..moves.. Bullish on the battery tech. Plan to work around a core when the market pivots. Daily Cup and Handle on watch