bull thesis for solid state lithium battery development
Updated
Already sitting on a small position, although I'm cognizant that the next couple days can determine how 
QS trades for the next couple weeks. Stiff resistance from above on a downward trend line from its ATH coupled with fairly soft support down here suggests it could easily grind sideways-to-down if it doesn't catch a bid at this next inflection point.
(It does like the $55,00 support but hangs out helplessly below that for extended periods as well.)
Should it manage to break through, a nice opportunity potentially lies in the upper right quadrant. 🤙🏽
QS trades for the next couple weeks. Stiff resistance from above on a downward trend line from its ATH coupled with fairly soft support down here suggests it could easily grind sideways-to-down if it doesn't catch a bid at this next inflection point. (It does like the $55,00 support but hangs out helplessly below that for extended periods as well.)
Should it manage to break through, a nice opportunity potentially lies in the upper right quadrant. 🤙🏽
Note
sitting right above .786 support. Could rest on the 1.0 by end of the week. Updating this chart on my profile this evening; a couple trend lines redrawn after today's move lower. Additional overhead resistance.Note
QS sitting at 55,00. Just punched through its downward trend line from the peak acting as resistance. Needs to clear 56,50 and use that as support which doesn't seem hard unless it sells off tomorrow. Bullish if it can re-capture 58,00, next stop is ~75,00.Note
re-graphed QS, looking at key support going back to Dec. of 2020. Added more 60 April 23 calls Accumulating more shares @ $53.23Has the potential to run to ~93,50/share in the next month if there's another breakout on this regression trend:
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