Kaixin Auto Holdings (KXIN) continues to demonstrate a bullish outlook with its strong structure on charts. The daily chart shows that the price has been on deep consolidation. The level of 3.75 has been working as the level of support. The nearest resistance on the daily chart offers enough space for the buyers, which may help the stock have another possible bullish week. Major intraday charts such as the H4 and the H1 are bullish biased. It needs a convincing breakout at $5 levels to see a continuation of the trend. This could be the next China stock to move higher. Definitely on watch.
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