Monday, February 1, 2021 2:22 PM EDT
Shares of electric battery maker QuantumScape Corp (QS) have continued to fall for the last month after reaching an all-time high over $130.00/share. At a current price of near $42/share, investors are getting eager to accumulating this EV play for a swing trade bounce. Based on the technical chart, the QuantumScape swing trade level is at $37.00. Please note, this will not be a long-term buy level as after a bounce, the stock is likely headed significantly lower to $25.00/share. However, as a swing trader, this is a great setup for a bounce back to as-high-as $50/share. Look for the QuantumScape swing trade buy level to be hit as early as this week.
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as ...
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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