KXIN Should I Buy

Not a good buy right now. KXIN just experienced an extreme breakdown (regular session -26.06% followed by -46.89% post-market) and is trading far below key support levels, with no proprietary buy signals, no supportive news catalysts, and no reliable options/analyst confirmation of bullish sentiment. For an impatient investor unwilling to wait for a cleaner setup, the risk/reward is unfavorable—this is an avoid/sell until price stabilizes and reclaims broken supports.

Trend is sharply bearish and unstable. Price collapsed from the prior close (10.13) to ~4.85, which is below S1 (9.424) and even below S2 (6.389), signaling a major support failure and likely forced selling/liquidity-driven move. RSI(6) at 38.5 is weak (not deeply oversold), so there’s room for additional downside despite the drop. MACD histogram is still slightly positive (0.362) but ‘positively contracting,’ which often indicates fading momentum and an increased risk of MACD rolling over after a sharp move. Moving averages are ‘converging,’ but given the gap-like collapse, this does not imply strength—rather it suggests trend dislocation where MAs may soon turn into overhead resistance. Near-term technical read: high-volatility breakdown; wait for stabilization and reclaim of at least 6.389 then 9.424 to argue for a safer long entry.