KNDI in a downtrend with more immediate downside here possible
KNDI in a downtrend channel as depicted in the chart. Immediate long term support @ 10.90 where it could definitely get a bounce since RSI is also showing oversold characteristics @nikonorovsv right now. If it doesn't bounce and reverse a trend @10.90 or above the certainly could hit the bottom channel of a downtrend @about 8.50 price. I am betting on reversal @10.90 majorly due to the oversold RSI