Scince the announcement of KXIN that they will enter the "small Electro Vehicel" market shares are already going strong with high volume ... Now we have news about a merger and there are some rumors of possible partners in play ....
technical we see some S/R flips in and we have just recently closed above another resistance ... in case we can break this resistance zone there are no doubt of a price around 5$ a share ,this is also our next bigger resistance level , after market is able to break that level we have open space all the way to 10$ a share ...
Time will tell .... and always remember you are not married to the stock nor you wanna be a bag holder ;-)
good luck and have a great week Trueman23
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close over 3 $ today would be a nice sign ....weekly close above 3,60$ would be my favorit scenario for further signs of strength KXIN
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a close today above 3 still a good sign ...a close above 3,60 a GREAT sign ....markets turn ..stay tuned
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Fighting with strong resistance ..... we need to close above 3,60-3,70$ and we are fine... with the merger announcement soon we will fly....hopefully ;-)
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we still fighting with the resistance zone....merger announcement already come up ... but looks like as this was not priced in yet .... we still hodl
What are you expectations for the month of November ?
Trueman23
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@georgevvt392, as we currently about to filled the gap around 2$-1,70$ i look for adding to my position in order to average down my entry price... i expect the gap fill in combination with some new announcements around december ...so still potential and nothing has change on my view about the s/r areas and my price targets the only thing i need to add is that a close below 1,65$ would be a bad sign for me but as long as we hovering around the current price range i still see everything more or less relaxed