$QS QUANTUMSCAPE CORPORATION Falling Wedge Tracking

8 Mar 2021

QS formed a huge Falling Wedge and recently tested the Fibo 0.786 level. EMA20 just crossed SMA50 down on 4h chart which confirms bulls have been weak for a while. RSI 14 also declines. Now I have two scenarios for breaking out of the wedge. Either retry Fib 0.786 level or start a new trend now. No matter where it does break, QS has a potential of minimum $70+ profit per stock. Watch for break out of the wedge and buy on re-test. I don't expect and dip below $29.

10 Mar 2021

Not

Seems like we have a breakout trial. Eyes on $53 level.