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KXIN Breakout Stock Sell Alert

NASDAQ:KXIN   Kaixin Holdings
BREAKOUT STOCK SELL ALERT
$KXIN - Kaixin Auto Holdings - Ordinary Share
Initial Alert Price: $4.32
Price High: $3.64
% Gains/Losses: -15.74%
(-37.3% Less Than Expected)


KXIN actually hit $4.95 the day we released this alert and then retested the $4.75 Price Levels of Resistance again on Jan. 21st. The stock continued to show signs of not having the momentum to continue moving higher and is currently trading in a downtrend. We are see signs of a potential reversal, but we are not seeing signs of volume to support the move at this time. We will be closing this alert for a -15.51% Loss due to falling below our -10% Sell Threshold, but we will also be adding this to our watchlist for an additional potential move to the upside.
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Tim Burks | Founder - MyMI Wallet
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