Friday, October 3, 2014

Opened KNDI land

KNDI  is a fad type stock that has had a a tough time as of late. That may be looking to change as I believe this setup provides a low risk entry.  Notably, KNDI retook its 10 MA on high volume  it then checked down, which is what I would look for in a fishhook setup but faded a bit late.   Not thrilled about the close but if Thursday's momentum returns I will have snagged a nice entry. 

Entry: 13.64
stop: 13.20

Another mean reversion trade.

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