Thread by @malteseinvest

Analysis: #NASDAQ $KNDI

Case 375 #Kandi_Technologies Group Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#KNDI 1/4

Chart 1
Weekly Chart: The Mar. 2020 low found #support at the 2007 #trendline and has bounced and is attempting to close above the SMA 200 4.87. Conditions are messy and a little overstretched with immediate .....

KNDI 2/4

..... #resistance at 8.02 (2015 trendline). Further up #pivot resistance at 9.53 - a 2 week close above #cluster base at 12.15 is required for long term #bullishness.

KNDI 3/4

Chart 2
Daily Chart: Price has retaken the #SMA 200 and holding well above at 4.02, trendline support developing since March.

The #Strategy is printed on the image.

$KNDI 4/4