QS - Stock Analysis 7/15/24

Technical Analysis*

(^H1 chart of QS)

Considering the price action of QS, the stock has shown significant upward movement recently, breaking above key levels. It is also significantly above the 200 EMA.

The volume shows a significant increase during the recent upward movement, indicating strong buying interest. The Stochastic RSI is in the oversold territory, suggesting a potential for upward movement.

(^M15 QS Chart with trendlines and S/R drawn)

Support: Around $7.25 (multiple rejections), $6.75

Resistance: $8.66 (recent highs) and $9.50 (historical levels)

Fundamental Considerations*

Partnership with Volkswagen's PowerCo. (VW) - QS has made a deal with VW's PowerCo., which is a huge pro, showing confidence in QS's long range lithium-ion battery technology.

Penny Stock Risk - QS is still a penny stock, meaning it can be volatile, and risk management is crucial.

QS Investors Page

Possible long term position*:

(Assuming continued market sentiment)

Entry: 8.5, 8, 7.25 (Dollar cost averaging)

S/L: 5.75, If fundamentals/deal with PowerCo. does not go well

T/P: Partial at 9.5, etc.

Be sure to utilize risk management as QS is a penny stock. The prices can be very choppy and can carry lots of risk.

*All information provided by CBAS is for educational purposes only. All information provided by CBAS is not to be taken as financial advice. All trades and financial decisions made by viewers and users, of CBAS and its content provided, are to be taken at their own risk. CBAS and its affiliated people are not to be held liable for any losses or damage incurred from/by the viewer/user.