KONA Falling Wedge Pattern

KONA (Kona Grill Inc) reported a loss of .08c/share today which fell shy of expectations, yet the stock is trading up sharply & challenging the top of this large bullish falling wedge. On watch for a long entry but I'd like to see how the stock trades before considering an official long entry, especially considering how far the stock has stretched today (16%) just to get to the top of the wedge. Unofficial trade idea for now but on watch for an objective or higher probability entry. KONA daily July 28th On a related note, I went through all [...]

2017-03-08T21:19:37+00:00 Jul 28, 2016 10:19am|Categories: Unofficial Long Ideas|Tags: |4 Comments