A look at QS flagging price action
A look at $Quantumscape Corp.(QS)$ flagging price action, using $Figma(FIG)$ flag as a reference.
Thanks to everyone who joined the earlier poll. There’s no definitive “right” or “wrong” view on the QS chart—your perspective depends on your timeframe. From my view, QS saw a +250% rally over 20 days, followed by a -45% pullback in the next 10 sessions, which on a 2-month lens forms a bull flag.
Flip the timeframe to one month, and you could instead call it a bear flag: a -45% drop over 10 sessions, followed by a +15% VCP bounce in the next 8.
Both trades could work here, given the tight, sideways price action. The prevailing trend, however, still leans up if you go by the 50-MA (comparable to the 10-week MA). The real inflection will be whether price breaks above or below the range on high RVOL, a strong anticipated volume surge to ignite the chart pattern.
My QS execution plan mirrors my approach to FIG on Tuesday: a bullish flagpole (measured from the initial IPO price, not the IPO day market open), followed by a consolidation with tightening action within a pennant. Being a fresh IPO, FIG had the potential to erupt at any time—but RVOL was key to confirm a high-volume run rate that could drive the share price. That confirmation never came.
For QS, it’s the same rule: RVOL must validate the price move before I enter. At the end of the day, we all want to close with clean and tidy profits from the execution day—and only heightened volume can make that possible.
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