Kandi Technologies $KND has been in consolidation mode since 2017 after at least a couple years of being in a bearish trend. In late 2017, we saw a bullish breakout, but in 2018, we saw price retreat back into the early 2017 range. KNDI Daily chart(click to enlarge)Bearish Bias, Earnings Volatility, Range Resistance:- The fact that the late 2017 rally did not establish a price bottom suggests bears are still in charge.- A failed bullish breakout attempt could end up wit ha bearish breakout and that is what I anticipate.- In 2018, price action has been essentially between $6.50 and $3.55 (with $4.00 as the more "sticky" support price). - As we flipped the calendar on 2018, the general equities market was in recovery mode and that helped KNDI rebound. - But I think both market and specifically KNDI will be facing resistance very soon, especially as we enter earnings season.Goldman Sachs Implied Volatility for S&P 500 during earnings day:from: This Goldman chart predicts a wild earnings season with big stock swings (CNBC)- Because earnings is backwards looking, unless we get some ultra-convincing guidance from big names across the board, I think the market will quickly pare gains that are based on "better-than-expected-earnings". - On the other hand, a bad earnings season should have a very immediate and extensive impact on the markets. - KNDI's earnings won't be reported until March, so in the next couple of months, we should respect the $6.50 resistance.- The anticipation of the general market translates to anticipation of KNDI retreating from the $6.00-$6.50 area sharply OR briefly break above $6.50 only to lose steam and eventually fall back towards the $3.40-$3.60 support area.