$KNDI – an alternative “catch-up” play to $TSLA

$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 a plenty of due diligence “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:

KNDI_daily

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:

kndi_weekly

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.



Categories: KNDI

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