KNDI trade ideas
Double top off rounding btmWill take $15.80 or just watch. Typically to steep for handle (CNH) no posn
Should you jump into $KNDI ? Price has no established support level, and distribution is spiking. When a price is divergent of volume accumulation, pricing action typically reverses, Be careful jumping in here, might be a great short setup.
KNDIWeekly., For those who want to "wait for pullback". You'll be in "pullback line" for awhile. Higher.
KNDIPlenty of volatility. Base breakout & required pullback. Heading higher. See you above 14.66 soon. Monthly.
KNDIWill need to see (3) more Daily BARS in which RSI remains above 50% Line to confirm Trend is Bullish.
$KNDILooks bullish here as it has a good risk/reward setup right now.....has recently b/o of the intermediate downward trendline around 11.20 & could bounce off major support level at 11.....has earnings this week which will play a factor into direction......as always watch volume for confirmation & if it breaks the major support level at 11 then all bets are off
Short Term Bearish on KNDII am bullish on KNDI but would like to take the opportunity to add shares in the next correction coming up.
Both RSI and MACD show overbought parameters and the stock could correct up to the red line support.
I don't advice to short this stock as It could move upward due to news, but we should try to take advantage of the possible correction.
TSLA KNDI ComparisonTwo different markets and completely different business models but price action does show correlation
KNDIExtended cd impulse leg and a pullback might be on the way. A retracement of .62% is what I am looking for.
1.83 to 1 I am not late to the KNDI stock rallygoo.gl
Stop loss set below last support and 61.8% Fibonacci retracement, profit target set at latest resistance.
Risk/Reward ratio: 1.83
I need 35% success to break even in the long run.
