Karooooo's 15-Minute Chart Signals MACD and KDJ Death Crosses.

Based on the 15-minute chart, the MACD and KDJ indicators have both triggered a death cross at 08:00 on August 20, 2025. This suggests that the stock price has the potential to continue declining and that the momentum of the stock price is shifting towards the downside, with a potential for further decreases.

MKDWELL Tech Inc. (NASDAQ: MKDW) has been granted a 180-day extension by the Nasdaq Stock Market to regain compliance with the minimum $1.00 bid price requirement for its ordinary shares. The extension was announced in a press release filed with the SEC on August 13, 2025 [1].

The company initially faced a compliance issue when its share price closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1). MKDWELL Tech was initially given until August 11, 2025, to meet the requirement. However, the company transferred its listing to the Nasdaq Capital Market and failed to meet the deadline. Subsequently, MKDWELL Tech requested an additional 180-day extension, which was granted, pushing the deadline to February 9, 2026.

Nasdaq's decision to extend the deadline was based on MKDWELL Tech's compliance with other listing requirements, except for the bid price, and its stated intention to cure the deficiency. The company may consider options such as a reverse stock split to regain compliance. If MKDWELL Tech's closing bid price reaches $1.00 for 10 consecutive business days during the extension, Nasdaq will confirm compliance. However, if the company fails to meet the requirement within the extension period, its shares may be subject to delisting.

In addition to the bid price issue, the company's stock has shown signs of continued decline. According to the 15-minute chart, the MACD and KDJ indicators both triggered a death cross at 08:00 on August 20, 2025. This suggests a potential for further decreases in the stock price, as the momentum is shifting towards the downside.

MKDWELL Tech has stated it will continue to monitor its share price and may consider options such as a reverse stock split to regain compliance. If the company does not meet the bid price requirement within the extension period, Nasdaq will provide notice that the shares are subject to delisting. The company would then have the right to appeal, but there is no assurance an appeal would be successful.

References:
[1] https://www.investing.com/news/sec-filings/nasdaq-grants-mkdwell-tech-nasdaqmkdw-180day-extension-to-meet-1-bid-price-93CH-4200738