KNDI trade ideas
60fib_KNDIBeen a stubborn stock to find an entry but the 60fib looks like it could have legs if the DMI starts momentum on the upside in the next few days. BB looking to find some pressure and maybe a good entry in a few days...not long overall but looks like a good entry and hold for a week or a little longer, price pressure around $9.50...will have to be diligent on the exit if entered on this decent spread.
Nice bounce here - 4hrKNDI just bounced off of the 200 SMA. Sitting at the 40 on the RSI and looks undervalued on MACD.
All good signs for me.
Took an entrance at $8.01 with a SL at $7.5
Will add more when we VWAP (red) converts to support.
Comfortable with my risk and will be watching this daily for the rest of the week.
Also bought the $10 call for 1/15
*These are my own thoughts and price predictions based on my own technical analysis*
YOUR MONEY IS YOUR RESPONSIBILITY
Would love to hear your thoughts and opinions on this as well!
ShortThe k23- best car kandi offers- is worth over 15k something. You can buy a normal new car for less than that. Heck you can buy a hybrid gas used good car, fusion accent accord etc for the same price. The kandi car is not even a normal car, its more like a bike with a cheap car body parts. I bet you drive this for 1 year and recycle the whole car- throw it to the trash. And top speed is restricted less than 30mph?? This is America, most roads speed limit is over 40mph. I would be pissed if you drive a kandi in front of me on the road. Plus, this companys ceo gave an official statement to the recent critism in a street fashion talk lol. Read his official statement that is more like my neighbor saying his dog didnt poop on my porch. This stock is only bust n dump stock. If you want to lose half of your earnings or even the whole of your balance, go for it.