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jacobosiason7

Falling Wedge- Bullish

Long
QuantumScape Corporation (NYSE:QS)  
jacobosiason7 Updated   
NYSE:QS   QuantumScape Corporation
Trend Analysis Chart Patterns Technical Indicators Falling Wedge Bullish Patterns breakout buyer squeeze breakoutsetup
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trendanalysis chartpattern indicator fallingwedge bullish breakout buyer squeeze breakoutsetup
QS has been in a downtrend for quite some time now but is forming a massive falling wedge (bullish). QS has strong resistance at the $32.74 level as well as the $39.27 mark. Bollinger bands are also squeezing and buyer volume is starting to pick back up as we've been seeing a general rotation back into growth stocks in the market. Will be looking for QS to break out of this falling wedge.
PT1- 31.04$
PT2- 37.56$
Comment:
watching at open tomorrow along with LAC & BLDP
Trade active:
Breaking out of that falling wedge
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