$QS - Quantum Scape


Though the name suggests it, this is NOT a quantum company. They develop lithium metal batteries for EVs. Strength indicators on the weekly suggest that a reversal could be close: TMO, DSS Bresser, Williams % RSI
Requires good market conditions to do well. When I look at the blue shaded region, prior resistance has held as support. It's where the main liquidity has been bid into.
Consider this is a very risky sector so you have to manage capital safely and shouldn't be more than 1-2% allocation
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