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KNDI| Bearish Head & Shoulders

Singkat
Kandi Technologies Group, Inc. (NASDAQ:KNDI)  
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NASDAQ:KNDI   Kandi Technologies Group, Inc.
Chart Patterns Head and Shoulders Volume
6
8
chartpattern headandshoulders volumestudies
Quite a bearish setup, with bad China news on the headlines this morning, I see this stock pulling back to about 10$ demand zone.
Not sure about the time horizons but on low volume it could be a red couple weeks on the way down.

Thoughts?
Stay safe

(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Komen:
Safe to say this corrected itself to the target area, but on such a violent move downwards I'm not convinced this level will hold.

On a positive note, earlier today KNDI was trading @$10.30 with an RSI of 13.5... it's currently trading @$9.22 with an RSI of 18, just hours later. This may indicate strong upside early in tomorrow's session.

There is a lot of risk to the downside with next support @~$8.30
Penafian

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