Quite a bearish setup, with bad China news on the headlines this morning, I see this stock pulling back to about 10$ demand zone.
Not sure about the time horizons but on low volume it could be a red couple weeks on the way down.
Thoughts?
Stay safe
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Not sure about the time horizons but on low volume it could be a red couple weeks on the way down.
Thoughts?
Stay safe
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
On a positive note, earlier today KNDI was trading @$10.30 with an RSI of 13.5... it's currently trading @$9.22 with an RSI of 18, just hours later. This may indicate strong upside early in tomorrow's session.
There is a lot of risk to the downside with next support @~$8.30