QS short

Dec 23, 2020

QS is way overcooked. They are not expecting significant sales until 2027 and they face competition from existing battery producers making their own solid state EV batteries. It could either drop to its 20-day moving average at about $110 or its 50-day moving average at about $86. Either way it will find some sort of support but it is due for a correction. It is trading way outside of a reasonable range.