$KNDI has entered the EV market in China by forming a joint venture with a subsidiary of China’s #1 manufacturer of passenger vehicles, Geely Holdings (GELYF) (HK.0175) to form Zhejiang Kandi Electric Vehicles Investment Co. in Zhejiang Province, China.
There are plenty of due diligences “analyses” that cover both the pro and con of investing in $KNDI. Take your pick. I’ve picked mine and is currently long on $KNDI.
If you follow my twitter activities, you know I’ve been accumulating $KNDI since last Wednesday.
Yes, I know what you are going to say, “What? Another Chinese company? You’ve got to be kidding!”
I kid you not! (grin)
Take a look at the daily chart below:
Price has taken out the 79 SMA today as well as the upper band of the Bollinger Bands. These two breakouts combined together formed a powerful momentum in my book.
Take a look at the weekly chart below:
Look at that V-shape bounce from both the 79 SMA and 89 XMA.
Fundamentally speaking, here is a good read from someone who has done a far better job researching this company:
Kandi Technologies: Exceptional Strategy For China From An Urban Planning View
By all mean, read up on the comment section to learn both sides of the arguments b/w the bull and bear.
In my opinion, this is a highly speculative stock that has the potential to play catch-up to $TSLA if you’ve missed that train.
My 2 cents.
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