Kandi Technologies Group Inc (NASDAQ: KNDI)

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes various vehicles. It offers electrical vehicles, all-terrain vehicles, go-karts, and specialized automobiles; and utility vehicles, three-wheeled motorcycles, refitted cars, and various auto generators. Kandi Technologies Group, Inc. sells its products to exporters, importers, distributors, dealers, and business partners in North America, Europe, and China. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012.
Take a look at the 1-year chart of Kandi (Nasdaq: KNDI) with added notations:

KNDI started from a low at $4 back in August, rallied to a high of $22 in March, and eventually fell down to $11 in April and May. Since that time, the stock has rallied back up to the $22 resistance (red) and appears to have now completely formed the cup (blue) and handle (purple) of a cup and handle pattern.
A break through the down trending resistance (green) should be the first sign that the stock is heading towards a breakout through $22

The Tale of the Tape: KNDI has formed a C&H pattern. A long trade could be entered on a break above the trendline resistance (currently near $20), or on a breakout above the $22 level, with a stop placed under the point of entry.
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