KONG Stock Chart
By Brett Goldstein on Jan 19, 2007
Ok, that grow buy turned out to be pretty bad. But the stop from the previous days close got me out without a huge loss. This stock Kong I bought at 8.04. As you can see it is pretty much over sold and hitting resistance. The volume is decreasing on the way down and that is a sign the bears are losing steam. I am just goinig to play this chart for a bounce. Mabye a 10% return and then i am out. This chart was brought to my attention from the downtrader.com
This entry was posted on Friday, January 19th, 2007 at 9:23 am and is filed under Annotated Analysis.
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2 Responses to “KONG Stock Chart”
By philchic on February 16th, 2007 at 12:56 pm
Great call, this one’s on the money.
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KONG is a mjor sell if it breaks $8 — look @ the double top formation
http://finance.yahoo.com/charts#chart3:symbol=kong;range=1y;indicator=ema(50,200)+volume;charttype=candlestick;crosshair=on;logscale=on;source=