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QuantumScape to Retest Key Level? We look to Sell at 19.53 (stop at 22.39)
Technical analysis
QuantumScape - Short Term - We look to Sell at 19.53 (stop at 22.39)
Preferred trade is to sell into rallies. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish . A higher correction is expected. The trend of lower lows is located at 13.50. Previous support at 20.00 now becomes resistance.
Our profit targets will be 12.51 and 11.62
Resistance: 20.00 / 25.00 / 40.00
Support: 13.00 / 10.00 / 9.00
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Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.