Kandi Technolgies Corp (KNDI)

[PennyWorld]

I have a good friend who is a pro trader, but he is TA 100% (no fundamental analysis / FA). So we don't agree on a few things.

I like to follow the high level news on KNDI (FA). So KNDI is more of a FA play than a TA (tech analysis) play for me. I do RTM trading too, but KNDI is not it.

So a specific price point? No. I watch the news on this one.

But having said that, I look to deep dive and get in on a major PB. I love 3.90 as an entry. KNDI has Chinese government support (subsidies) to put some weight under their financial statements.

If we look back 1-3 years on the chart then 3.90 is an easy picking. But I'll start to get in at 4.25 and average down as needed.