Second Crack: KINS (Kingstone Companies)
Technical:
(+) Weekly breakout on volume.
(+) Consolidation towards MA50
Fundamental:
(+) Revenue increase
(+) Strong EPS increase, Turnaround
(-) only turnaround, no new product
Low Risk Entry: ~9$
Price target: 20$-25 $
Stopp Loss: ~8$
Second Crack Strategy:
A good coffee needs the "second crack" during the roast. This strategy is similar:
"First crack": Weekly breakout from base, strong volume increase. Good fundamental data and products or a good turnaround story.
The "second crack" is the 2nd leg after consilidation and low risk entry.
Technical:
(+) Weekly breakout on volume.
(+) Consolidation towards MA50
Fundamental:
(+) Revenue increase
(+) Strong EPS increase, Turnaround
(-) only turnaround, no new product
Low Risk Entry: ~9$
Price target: 20$-25 $
Stopp Loss: ~8$
Second Crack Strategy:
A good coffee needs the "second crack" during the roast. This strategy is similar:
"First crack": Weekly breakout from base, strong volume increase. Good fundamental data and products or a good turnaround story.
The "second crack" is the 2nd leg after consilidation and low risk entry.
Note
Nice preliminary results. Now wait for price reaction to the upside :-)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.