Kandi Technolgies $KNDI has been consolidating since it surged in the end of 2017 from a low around $3.50 to a high just below $10.00. The daily chart shows that price was coiling in a triangle before evolving into a range. KNDI Daily Chart(click to enlarge)Breakout and Pullback:- Last week, price broke above the range resistance around $7.60.- This week, price stalled just below a previous resistance pivot, which is around $8.40. - Price pulled back below $8.00 during the 1/9 session and is now back in the middle of the broken range.- This is now an important test of the bullish breakout.- If the market is indeed in a bullish mode, it should find support right around here, the middle of the range.Non-Bullish Scenario:- If price can reach back to the 6.80 area, it should be able to fall towards the $6.50 area. - In this scenario, we should reassess the situation. If price can hold above $6.50 is is still neutral-bullish.- A break below $6.50 then opens up at least the $6.00 market as well as the $5.50 pivot. - In this bearish scenario, we can expect KNDI shares to fall towards $4.50.