Back to the Bucket Shop

In terms of updating this blog post from September about Kandi Technologies, the very small cap China play in the electric car sector has made solid strides from a technical standpoint.

The daily chart, first below, shows KNDI threatening a fresh leg higher in a cutting edge sector. A move back over $8.35 can be considered a solid long trigger. It is also interesting to see KNDI ignoring the broad weakness in equities today, too.

And for another high beta name, RIOT, second below on the daily chart, is a cryptocurrency play, threatening an $8 breakout after basing tightly the last month and a half. 

Both plays are not for the faint of heart. However, they are working handsomely despite the sluggish price action in small caps of late, which perhaps speaks to the simply concept of both a lack of interesting sellers and plenty of intrigued buyers itching to get in.