Shares of QuantumScape Corp (QS) are taking a beating again today. The stock is down from over $130 to below $52 in just seven trading sessions. This epic drop does give rise to opportunity for a bounce. However, traders and investors much know the technically levels and buy carefully (small positions). The QuantumScape stock chart buy level is $44.35. This is a technical chart gap fill from December 7th, 2020. This is the starting accumulation point. While QuantumScape is a great up and coming company, the run was far too fast and valuation got to ludicrous mode. As it pulls back, it does offer patient investors some buy points for accumulation.
Investors and swing traders be ready, a small position QuantumScape stock chart buy level is approaching. While $44.35 seems far away, the stock is down over 30 points just today, so we could hit that level tomorrow in a flash. I would buy a 1/3 position there and add more every 10% lower until a bounce comes. The bounce will likely be 50% higher from that bottom level based on the momentum in this name.
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