2NDCRK: KINS
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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