Kaixin HoldingsLong
$KXIN Ready for a Rally ? Merger Talk?!
Updated
Scince the announcement of KXIN that they will enter the "small Electro Vehicel" market shares are already going strong with high volume ...
Now we have news about a merger and there are some rumors of possible partners in play ....
technical we see some S/R flips in and we have just recently closed above another resistance ...
in case we can break this resistance zone there are no doubt of a price around 5$ a share ,this is also our next bigger resistance level , after market is able to break that level we have open space all the way to 10$ a share ...
Time will tell .... and always remember you are not married to the stock nor you wanna be a bag holder ;-)
good luck and have a great week
Trueman23
KXIN that they will enter the "small Electro Vehicel" market shares are already going strong with high volume ...Now we have news about a merger and there are some rumors of possible partners in play ....
technical we see some S/R flips in and we have just recently closed above another resistance ...
in case we can break this resistance zone there are no doubt of a price around 5$ a share ,this is also our next bigger resistance level , after market is able to break that level we have open space all the way to 10$ a share ...
Time will tell .... and always remember you are not married to the stock nor you wanna be a bag holder ;-)
good luck and have a great week
Trueman23
Note
close over 3 $ today would be a nice sign ....weekly close above 3,60$ would be my favorit scenario for further signs of strength KXINNote
a close today above 3 still a good sign ...a close above 3,60 a GREAT sign ....markets turn ..stay tunedNote
Fighting with strong resistance ..... we need to close above 3,60-3,70$ and we are fine...with the merger announcement soon we will fly....hopefully ;-)
Note
we still fighting with the resistance zone....merger announcement already come up ... but looks like as this was not priced in yet .... we still hodl enjoy weekend
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