KNDI Kandi Technologies ‘Chinese Tesla’ – Chart Update

by Olivier on October 8, 2014

Quick follow up post to my recent take on KNDI – Kandi Technologies sometimes referred to as the ‘Chinese Tesla’.

The long-term topping pattern remains in place. Price got rejected by triple resistance:

  • Former gap area resistance
  • Topping tails cluster
  • MA 200 resistance

As long as the stock stays below that resistance area there is no reason to cover my short. This goes along the lines of:

As long as a stock doesn’t give you a reason to exit, stay with the trade.

Click on KNDI chart to enlarge:

Public opinion is a weak tyrant compared with our own private opinion. What a man thinks of himself, that is which determines, or rather indicates, his fate.
– Henry David Thoreau


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