KNDI is a fad type stock that has had a a tough time as of late. That may be looking to change as I believe this setup provides a low risk entry. Notably, KNDI retook its 10 MA on high volume it then checked down, which is what I would look for in a fishhook setup but faded a bit late. Not thrilled about the close but if Thursday's momentum returns I will have snagged a nice entry.
Another mean reversion trade.