Wednesday, March 26, 2014

Wednesday morning

KNDI - Daily Chart
KNDI traders, you should probably be watching the stochastic for a change in sentiment.  There are a couple of decent support levels shown but unless up volume improves (stochastic will reflect it) the support will fail.  Remember that Rev put it out as his SOTW so there are probably a fair number of traders that just want their money back.  This one may need to rest for awhile.  JMO