Kandi Technolgies Corp (KNDI)

[BennySlots]

I think the chart is actually on the verge of looking nice.

I mean yeah, it's been in a down trend for awhile now, but for the past week the daily 100 MA has held up well and we finally closed above the daily 5 MA today. And we have the 200 MA just barely below us at 4.25 to add more support if we do fall. So, the downside risk seems minimal to me.

If you look on the hourly chart, the 50 MA there is starting to level out so breaking up through that shouldn't be too tough. The angle of the hourly 100 MA looks a like bit tougher resistance to me though. If we do move up, I could see us bouncing off it at least once before breaking through.

It's hard to say for sure, but it feels like at least a bit of reversal brewing here. And with how far it fell, it could make for a very nice move back up!

Good luck!