Hen Solo
11-22

Great article, would you like to share it?

@Barcode：$Quantumscape Corp.(QS)$ 🔺🅱️🆄🅻🅻🅸🆂🅷🔺📈 I've opened positions in $QS & here's why... ⚡📉⚡ QuantumScape: A Pattern Trader’s Dream ⚡📉⚡ Kia ora Tiger traders! QuantumScape ($QS) is showcasing a textbook pattern trading opportunity, as it looks poised to break free from its long-standing doom loop channel. With five historical 100%+ moves within this pattern, is this the moment when the cycle finally breaks for good? 🔍 Pattern Trading Insights – The Turn Begins • The Doom Loop Setup: $QS is currently trading at $4.97 (22Nov24, 🇳🇿NZ Time), sitting at the lower boundary of the pattern. This channel has been a pattern trader’s paradise, with massive rallies occurring consistently at this level. A great doom loop channel set up here. With5 c 100% previous moves in this channel. Might take a a bit longer before the turn begins. • Projected Breakout Levels: • First Target – $6.41: Average analyst target, marking a 26.85% upside. • Stretch Goal – $10.00: Breaking this level would signal a permanent departure from the doom loop, completing the pattern’s final phase. 📰 Latest News & Market Analysis • HSBC Upgrade: HSBC recently upgraded QuantumScape from Reduce to Hold, assigning a target of $5.30, citing potential growth as the EV market accelerates. • Short Squeeze Potential: With 11.67M shares shorted, a breakout could trigger a wave of buying pressure from shorts racing to cover. 📊 Why Pattern Traders Are Watching Closely • Predictability: The doom loop channel has historically provided high-probability setups for sharp rebounds. • Momentum Building: $QS is showing signs of exhaustion at these lows, aligning with the classic turnaround zones seen in channel-based trading. 🌟 Fun Fact QuantumScape’s tech doesn’t just aim to power EVs~it’s pioneering a future where batteries charge faster, last longer, and store more energy. That’s the kind of innovation traders dream about! Happy trading ahead. Cheers, BC 🍀🍀🍀 @Tiger_comments @TigerPicks @TigerStars @TigerPM @TigerObserver @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment