Monday, September 19, 2011

Kona Grill (KONA) close to triggering

I'm looking to buy KONA above $5.20 with a stop below $4.70. This is a trade off the weekly chart so it could last several weeks. I'm looking to take profits around $7.50, near the most recent pivot high on the weekly chart. If the stop gets taken out before our entry then the trade is invalid.

Check out my  Kona Grill (KONA) fundamental lesson on Seeking Alpha.

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