On the 5 yr m chart, KNDI remains in a Falling Channel. This is a bearish chart pattern, and it is currently located between 1.70 and 9.15. These figures are your support and resistance areas for this pattern, but these numbers will change as the pattern develops. As long as KNDI remains in the Falling Channel, it will continue to be bearish. Remember, this is all about support and resistance. If KNDI can break thru the top trendline (currently 9.15 of the Falling Channel), it will break resistance and move higher.
Was I right when I called a Double Top on KNDI back on July 22, 2014 when the stock was 22.49. Told you you were playing a Parabolic Curve, and that KNDI would sink...........So do you want another reading?