Here is a chart of the entire history of KNDI. For the moment, the impulse is green, and it looks that the divergence has been cleared. No reason to short, however, in the future I believe that this stock will go down (no confirmation for now, it's just a guess)
Looking more closely at the weekly, the volume pattern is fantastic
That kind of volume pattern usually takes place at a top. For now, this wave might be a light volume pullback.
The daily chart shows a false breakout at 12$ with a histogram divergence. Besides that, nothing worth mentioning. There is nothing that is saying this rally is over, but there isn't anything saying that this rally will be big. If I would consider trading the longer term, I would start selling slowly at the highlighted areas, because there, a reversal might take place. If I would trade this stock for a few days, a couple of weeks, I would trail closely a long position.
Long term looks pretty bearish (however, at the moment there is no signal for shorting). The daily looks pretty bullish and the current rally might continue.
Looking more closely at the weekly, the volume pattern is fantastic
The daily chart shows a false breakout at 12$ with a histogram divergence. Besides that, nothing worth mentioning. There is nothing that is saying this rally is over, but there isn't anything saying that this rally will be big. If I would consider trading the longer term, I would start selling slowly at the highlighted areas, because there, a reversal might take place. If I would trade this stock for a few days, a couple of weeks, I would trail closely a long position.
Long term looks pretty bearish (however, at the moment there is no signal for shorting). The daily looks pretty bullish and the current rally might continue.