QS Long - Fibonacci Trade

Atualizado
Daily Chart - Swing Trade - Fibonacci Retracement Strategy

QS retraced significantly from its ATH and is currently consolidating at the Point of Control (POC) also a Demand Zone right around $50.00. ADX is below 25, meaning QS is not trending right now. You'll notice on the left that the fib retrace level shows, just over 78.6% price retraced, which is big and a good opportunity to take a position for this kind of strategy when the price moves up to retest that Supply Zone in Purple.

MACD crossed so we should see some price action to the upside. RSI is good, not overbought, not oversold.

Earning was today and was... o k.
Looking long term QS has potential with the solid-state battery technology for EVs.

This was the first significant retrace and I've taken a position on this trade with a target of 150%.

I am speculating but maybe by mid-summer, we could see this.

Trade at your own risk. This is not financial advice. I am not a financial advisor.
Nota
Closed Trade for Loss.
It wasn't a good sign when QS issued more shares and diluted the price/share.
Long Term > 1 Year I believe QS can recover. But this isn't a trade I am willing to hold through that timeframe.
ADXFibonacciFibonacci RetracementTechnical IndicatorsQSquantumscapeTechnical AnalysisTrend Analysis

Aviso legal