Harry Boxer, Well known Technical Analyst that people pay a lot of money to subsribe has been bullish for some time, but yesterday’s comment on his Video Stocks of the Day report could not be more bullish. This is what he had to say last night:
“Kandi Technolgies Group, Inc. (KNDI) moved up on the intraday chart to a new all-time high at 17.33. That was the strongest closing high on this chart ever, closing just nine cents off the high, on 2.9 million shares. It’s acting well, and looks like it wants to be a much bigger player. Look for it to run up to the low 20’s short-term, the mid 20’s intermediate-term, and then up to 28-30 long-term.”
You can hear and see his report by clicking on the linked headline below. KNDI shows up toward the end of the video at around the 11:40 mark. (copy the below into your browser and search Google- This link stays the same, but the video and dialog changes each day so this is only valid for today)
KNDI has agreements with four battery makers; Wanxiang (worlds largest auto parts maker who was featured on CBS 60 minutes a week ago Sunday) primarily for the CarShare, along with CALB, SinoPoly and Tianning Power.
Keep reading. 50 carshare Locations open in Q1, 2-3 new carshare cities in 2014, 2800 EV's sold in this Q4. All and a lot more from the full Conference Call transcript which is linked on the actual 8k filed today.