Made a great trade on QS calls and decided based on the reaction of news to execute 100 shares @25 to hold for mid term swing. Great volume and price action.
"California-based EV battery startup QuantumScape and a second top 10 global automaker agreed to partner"
Based on Volume Profile, we want to see a break of $32. She might need to cool off (RSI slightly over bought) and consolidate but really like the positive MACD and bull cross.
After $32 theres's a nice volume gap, so if you're not long already an idea would be to watch for a breakout of $32 with the next target (supply) at $42.50.
Trailing mental stop below 21EMA
"California-based EV battery startup QuantumScape and a second top 10 global automaker agreed to partner"
Based on Volume Profile, we want to see a break of $32. She might need to cool off (RSI slightly over bought) and consolidate but really like the positive MACD and bull cross.
After $32 theres's a nice volume gap, so if you're not long already an idea would be to watch for a breakout of $32 with the next target (supply) at $42.50.
Trailing mental stop below 21EMA