A Major Technical Breakdown For Kandi Technologies Stock?

Shares of Kandi Technologies Group Inc KNDI have been extremely volatile over the past three days. After dropping 7.0 percent on Friday and 9.2 percent on Monday, Kandi stock came roaring back on Tuesday, jumping 6.6 percent. However, from a technical standpoint some major damage may have already been done.
The breakdown
Since breaking above $10 for the first time at the tail end of 2013, Kandi stock tested and found support at around $11.00 no less than six times this year, establishing a strong support line. After peaking right around $22.50 in March and then again in July, the stock had established a clear technical resistance line.