Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 194788, member: 40858"] Quantumscape is a developer of next generation battery technology. with major high profile investors involved in this company, it has the backing to become the next interrupting technology in the EV sector. Lets take a look at the company profile and see who has backed this company: [I]“QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. In 2012, QuantumScape began working with German automaker Volkswagen. After that 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder. In the same year, Volkswagen and QuantumScape announced the establishment of a joint production project to prepare for mass production of solid state batteries. In June 2020, Volkswagen made an additional $200 million investment into the company. It is also noteworthy that Bill Gates is also an investor in QuantumScape. On September 3, 2020, QuantumScape announced a merger with the special-purpose acquisition company Kensington Capital Acquisition. As a result of the merger, QuantumScape will receive $1 billion in financing, including funding from Volkswagen and the Qatar Investment Authority. At the same time, the company's shares will be listed on the New York Stock Exchange under the symbol QS. The transaction was completed in November 2020 and raised capital for the series production of batteries.”[/I] Lets dig into the charts! [HEADING=2]QuantumScape Elliottwave View:[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/04/QS-Blog20210429172643.png'][IMG alt="QuantumScape"]https://elliottwave-forecast.com/wp-content/uploads/2021/04/QS-Blog20210429172643-1024x525.png[/IMG][/URL] Medium term term view from the IPO via a SPAC in the fall of 2020. This stock took a couple months before the momentum kicked in. After ((2)) set Oct 30, 2020, things really started to heat up. Wave ((3)) peaked at 87.50, rallying from ((2)) low at 11.20. After ((3)) peaked, a sharp ((4)) took place which didn’t last long before the surge in ((5)) took place. In the end, ((5)) of Red I peaked at 132.73 on December 22/2020 and the stock has been correcting ever since that time. The current view is that the structure needs another couple swings lower to complete the sequence from the peak. There is no equal leg extreme since the 100% area would go into the negative. The best tools to use now is watching for momentum to erase the pivots and set a new extreme at the Red II low. In Conclusion, as long as ((B)) high remains intact, prices can grind lower before resuming the upside. Source: [URL]https://elliottwave-forecast.com/stock-market/quantumscape-qs-grinding-lower-higher/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…