Breakaway Gap From Mid-July Filled. Hammer Reversal Forming
I am long KNDI here after filling it's breakaway gap form mid-july. After a heavy two week sell-off, the stock is finally showing some strength after filling that gap.
After trading down to a low of 14.79 today, KNDI rallied more than a full point to form a textbook bullish hammer reversal candle. I am long at 15.75 with a PT of 17.47 - Approximately at the pivot point (11% upside projection)
After trading down to a low of 14.79 today, KNDI rallied more than a full point to form a textbook bullish hammer reversal candle. I am long at 15.75 with a PT of 17.47 - Approximately at the pivot point (11% upside projection)
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