Watching $QS QuantumScape — the wedge is tightening after a full year of consolidation. That's serious compression.
On a breakout, first target sits at $7 where the volume shelf holds. Clean resistance zone.
Downside support checks in at $4.77, possibly $4.50 if it dips lower. Risk/reward looks favorable at those levels if you're patient on the entry.
Wedge patterns like this — the longer they build, the sharper the eventual move. Structure matters. Watch the breakout or breakdown with volume to confirm direction.
On a breakout, first target sits at $7 where the volume shelf holds. Clean resistance zone.
Downside support checks in at $4.77, possibly $4.50 if it dips lower. Risk/reward looks favorable at those levels if you're patient on the entry.
Wedge patterns like this — the longer they build, the sharper the eventual move. Structure matters. Watch the breakout or breakdown with volume to confirm direction.
